China Invests $1.3 Billion in Nigeria’s Lithium Processing, Says Minister Alake

By Diafa Doubra,

Nigeria’s solid minerals sector is witnessing a major boost as Chinese investors have injected $1.3 billion into lithium processing, according to Dr. Dele Alake, Minister of Solid Minerals Development.

Speaking at the China Mining Conference in Tianjin, Alake said the investments, led by firms like Canmax Technology and Jiuling Lithium, stemmed from agreements signed during President Tinubu’s 2024 state visit.

He highlighted that the funding supports Nigeria’s goal of reducing oil dependence while promoting clean-energy minerals. Alake also cited reforms such as the Mining Marshals, satellite monitoring, and an electronic cadastral system designed to ensure transparency and investor security.

The minister reaffirmed that Nigeria aims not just to export raw minerals but to build a full industrial value chain that drives jobs, technology transfer, and sustainable growth.