• Latest
  • Trending
Xiaomi makes first entrance into electric vehicle market with SU7

China to build electric vehicle factories in Nigeria to strengthen economic ties

May 22, 2025
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News

China to build electric vehicle factories in Nigeria to strengthen economic ties

Oluwatosin Adeyemi by Oluwatosin Adeyemi
May 22, 2025
144 6
0
Xiaomi makes first entrance into electric vehicle market with SU7
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

In an attempt to strengthen economic relations between Nigeria and China, the Chinese government intends to build EV factories and other manufacturing endeavours in Nigeria.

Segun Tomori, Special Assistant on Media to Minister of Solid Minerals Development Dr. Dele Alake, made the disclosure in a statement on Sunday.

Tomori claims that the plans were discussed at a recent bilateral meeting between Yu Dunhai, the Chinese ambassador to Nigeria, and Minister Alake.

Potential collaboration in solid minerals sector

Stronger cooperation between China and Nigeria, especially in the solid minerals sector, was emphasised by the Chinese envoy, according to the statement.

RelatedPosts

GITEX Nigeria 2025: Lagos Governor commits to driving Nigeria’s $1 trillion Economy

Bharti Airtel’s Indus Towers expands to Nigeria, Uganda & Zambia

Nigerian blockchain leaders unite under SiBAN, propose $100 million fund for African projects

According to reports, he stated that the planned construction of EV factories would be a big step in promoting local value addition and releasing Nigeria’s mineral potential.

Additionally, according to Tomori, Ambassador Dunhai conveyed China’s backing for Africa’s industrialisation, which is a fundamental component of Chinese President Xi Jinping’s foreign policy agenda.

During Tinubu’s state visit to China, he mentioned recent high-level meetings between Presidents Bola Tinubu and Xi Jinping with the goal of developing bilateral ties into a comprehensive strategic partnership.

“Chinese companies are already significantly involved in Nigeria’s mining sector, from exploration to processing,” the ambassador was quoted as saying. “We aim to deepen this collaboration, especially in line with President Tinubu’s eight-point agenda, which includes economic diversification through the development of solid minerals.”

China’s commitment to Nigeria’s regulatory compliance

The statement added that Ambassador Dunhai reaffirmed his government’s commitment to regulatory compliance in response to Dr Alake’s concerns regarding reports of illicit mining activities by certain Chinese companies.

According to Tomori, the envoy reaffirmed that the Chinese government has a zero-tolerance policy for illegal activity and encourages all of its citizens and businesses to follow Nigeria’s laws and regulations.

He stressed that Chinese companies have also been instructed to put strong corporate social responsibility (CSR) programs in place and closely follow safety and environmental regulations.

The Chinese embassy in Nigeria will continue to support efforts to prosecute non-compliant entities and strengthen oversight mechanisms in the sector, the ambassador, who was quoted in the statement, promised.

Nigeria’s commitment to sustainable development in electric mobility

In his words, Minister Alake reaffirmed the Nigerian government’s commitment to sustainable development via electric mobility, citing the nation’s abundant lithium reserves as a means of encouraging domestic production of EVs and batteries.

“We have taken decisive steps against illegal operators, including some Chinese nationals. While these are isolated incidents, they tarnish the image of the many compliant Chinese firms,” Alake was quoted as saying. “We need your continued cooperation to ensure that culprits are held accountable.”

He underlined Nigeria’s commitment to making sure mining operations in the nation prioritise local value addition and said that the country is still open to sincere investors.

“With our abundance of lithium, we want to see investments in local manufacturing of electric vehicles and batteries. This is crucial for driving industrial growth and achieving sustainable development,” he added.

China-Nigeria’s trade relationship

Nigeria’s top import partner is China, according to the National Bureau of Statistics’ (NBS) 2024 trade report, which show that imports from China increased significantly to N14.14 trillion in 2024 from N6.6 trillion in 2023.

In the meantime, Nigeria’s electric vehicle (EV) market has been expanding on several fronts. For example, C&I Leasing Plc recently declared that its Ghanaian subsidiary would be expanding its electric vehicle operations.

The move, which followed an impressive oversubscription to its Series 5 Commercial Paper issuance, demonstrated investor confidence in its sustainable transport strategy.

The Federal Government authorised a ₦151.9 billion funding package in March 2025 for the installation of electric buses, tricycles, and charging infrastructure throughout the North-East region, marking a more significant policy change. Promoting cleaner energy sources, cutting emissions, and increasing EV adoption in underserved areas are the goals of this initiative.

Tags: ChinaElectric VehicleNigeria
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

ADVERTISEMENT
techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.