President Bola Tinubu has commended the inauguration of Nigeria’s largest lithium processing plant in Lafia, Nasarawa State, hailing it as a clear indication of the country’s attractiveness for foreign investment.
Tinubu made the remarks on Friday in Abuja during a meeting with Governor Abdullahi Sule of Nasarawa State, who was accompanied by Mr. Hi Yongwei, Chairman of Avatar New Energy Materials Company Limited, and Mr. Zhenhua Pei, Chairman, Canmax Technologies.
This was disclosed in a statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, on Friday.
He said that Avatar, a Chinese firm, built the lithium processing plant which produces about 4,000 metric tonnes daily while Canmax Technologies, a renowned Chinese firm responsible for over 30% of global battery material production, announced a new investment of $200 million for another lithium processing plant in Nasarawa State.
Welcoming the inauguration of the plant and the announcement of new investment plans, President Tinubu urged the Chinese firms to prioritize environmental protection, community engagement, and corporate social responsibility initiatives as integral parts of their operations.
President Tinubu also applauded Governor Sule and the Minister of Solid Minerals, Mr. Dele Alake, for their dedication to ensuring environmental protection and value addition by mining firms operating in the country.
In his remarks, Governor Sule thanked the President for his unflinching support toward solid mineral development in the country and for sending Senate President Godswill Akpabio to represent him at the inauguration.
In separate remarks, the Chinese executives described their investments in Nigeria as worthwhile and pledged to adhere to mining regulations while fulfilling their corporate social responsibilities to host communities.
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