In a move set to accelerate Nigeria’s journey towards industrialization and clean energy adoption, the Federal Government has approved the establishment of electric vehicle (EV) factories by Chinese investors. The decision follows a series of high-level diplomatic engagements between Nigeria and China aimed at deepening economic and technological collaboration.
The Chinese Ambassador to Nigeria, His Excellency Yu Dunhai, disclosed the development during a courtesy visit to the Minister of Solid Minerals Development, Dr. Dele Alake. He noted that China’s interest in Nigeria stems from the country's abundant mineral resources and expansive consumer market, which together offer an ideal environment for electric vehicle manufacturing.
“Our goal is to build a sustainable industrial base that benefits both nations. Nigeria is rich in the critical minerals required for EV production, and we see this as a win-win partnership,” Ambassador Dunhai stated.
Minister Alake welcomed the move, emphasizing the importance of value addition within Nigeria. He urged the Chinese delegation to commit to a full-cycle investment model—from raw material extraction to manufacturing—so that the nation reaps maximum benefit in terms of job creation, technological transfer, and economic growth.
“We are not just a country of raw materials,” Alake stressed. “We want investments that will process and manufacture here in Nigeria. That is how we can industrialize and uplift our economy.”
Ambassador Dunhai assured the Nigerian government of China’s readiness to comply with all local regulations while supporting Nigeria’s developmental aspirations.
This landmark agreement is expected to not only create thousands of jobs but also position Nigeria as a strategic hub for electric vehicle production in Africa, reinforcing its role in the global green economy transition.