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FG Grants China Approval To Establish Electric Vehicle Factories - Autos - Nairaland 46135e

FG Grants China Approval To Establish Electric Vehicle Factories (10142 Views)

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adenigga(m): 6:47am On May 19
The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the potential of Nigeria’s Solid Minerals sector through the establishment of electric vehicle factories in Nigeria.

Dunhai disclosed this while paying a courtesy visit to the Minister of Solid Minerals Development, Dr Dele Alake, in his office, where he emphasised the importance of closer ties between both nations in advancing Nigeria’s industrial growth.

A statement by the minister’s Special Assistant on Media, Segun Tomori, on Sunday, disclosed plans by China to establish electric vehicle factories in Nigeria.

The ambassador said Nigeria is a great country blessed with tremendous natural resources, noting that China has always placed Nigeria in a very pivotal position in its foreign policy.

Recalling the recent high-level engagement between Presidents Bola Tinubu and Xi Jinping during Tinubu’s state visit to China, Ambassador Dunhai noted that both leaders agreed to elevate bilateral relations to a comprehensive strategic partnership, creating new opportunities for cooperation.

In his address, the solid minerals development minister reiterated that Nigeria is open for business to serious investors, stressing that investments in the nation’s mining industry are now focused on local value addition.

He urged the ambassador to encourage Chinese investors to commit to full-cycle investments, from extraction to processing, within Nigeria.

He pointed out Nigeria’s large market and the potential to reduce reliance on fossil fuels through electric vehicle production.

“For years, our minerals have been exported raw to fuel foreign industrialisation. That must change.”

We now prioritise local processing to drive Nigeria’s development. For instance, with the abundance of lithium, we want to see local manufacturing of electric vehicles and batteries,” he said.

Responding, Ambassador Dunhai expressed for Nigeria’s local value-addition policy, pointing out that one of President Xi Jinping’s key priorities is promoting African industrialisation.

“Plans are underway to establish electric vehicle factories and other manufacturing ventures in Nigeria.

“Chinese companies are already deeply involved in Nigeria’s mining sector, from exploration to processing.

“We aim to deepen this collaboration, especially in line with President Tinubu’s eight priority areas, notably economic diversification through solid minerals,” he added.


The Ambassador noted that the embassy and the Chinese government have always onished Chinese companies operating in Nigeria to abide by rules and regulations, implement Corporate Social Responsibility and adhere to environmental and safety standards, stressing that the Chinese authorities have zero tolerance for illegal mining, signifying their readiness to work with the Nigerian government to bring suspected culprits to justice.

In his response, Alake stated that Nigeria appreciates its long-standing relations with China, acknowledging that most Chinese firms operate within legal and regulatory frameworks.

However, he expressed concern over the actions of a few operators tarnishing China’s image, referencing a recent viral video involving a Chinese national allegedly bribing local security agents.

“We have taken action against illegal operators, including some Chinese nationals. While isolated, such incidents undermine the good work of many compliant Chinese firms. We need your cooperation in ensuring that such culprits are brought to justice,” the minister asserted.

The minister also highlighted the impact of the Mining Marshals established to combat illegal mining, affirming that the outfit has sent the right signal in the sector, raised awareness about the menace, and has consequently improved compliance with regulations by both local and foreign operators.

Source: https://punchng.com/fg-grants-china-approval-to-establish-electric-vehicle-factories

13 Likes 3 Shares

southsouthking(m): 6:52am On May 19
If they could educate and employ Nigerians. That's a win because China typically utilizes their prisoners to carry out menial jobs and generate revenue for their government. I hope they're not looking forward to taking advantage of our teeming population to their advantage.

25 Likes 1 Share

Redoil: 6:52am On May 19
chinese taken over nigeria automobile by the year 2097

3 Likes 1 Share

Bestli5: 6:58am On May 19
Make I go dey open charging centre grin

15 Likes 1 Share

Karlovych: 6:58am On May 19
embarassed The electric vehicle to take certain tyrant back to Bourdillon in 2027.

2 Likes

Neyesho1: 7:00am On May 19
Bestli5:
Make I go dey open charging centre grin
You have insight, people need to reinvent themselves to take advantage of the Renewed Hope Agenda

13 Likes

saintopus(m): 7:51am On May 19
Establish phone manufacturing company and teach our citizens to manufacture mobile devices

12 Likes

SeeWahala: 8:20am On May 19
Jokers in government angry

We have had crud oil decades yet we have no internal combustion engines vehicle manufacturing plants in the country

Now you want to build electrical engine vehicles while THERE IS NO POWER TO RECHARGE THE FREAKING CARS cry

20 Likes 1 Share

Redoil: 8:24am On May 19
technological transfer is not possible, just buy the rubbish they sell to you and consume it any how you like
saintopus:
Establish phone manufacturing company and teach our citizens to manufacture mobile devices

2 Likes

bigpicture001: 8:30am On May 19
They want to kill Dangote refinery..?

China will floood your country with cheap cars and batteries including charging stations. And effectively make u a non fossil fuel .. all just to shore up sales of it's EV and bring back money to main land china

10 Likes

commoditiesnig: 8:42am On May 19
saintopus:
Establish phone manufacturing company and teach our citizens to manufacture mobile devices
I concur

3 Likes

crossfm: 8:57am On May 19
Hehehe.

That's good news.

1 Like 1 Share

saphiere(f): 8:58am On May 19
Hmm
emmabest2000(m): 8:59am On May 19
Chi-nco to the world



Meanwhile.....

8 Likes 1 Share

inoki247: 9:00am On May 19
Lol nobody travel reach Chinese...



Always trying to extract and utilize what you yourself don't know the importance...


When people cry Abt Japa u no Japa reach Chinese or India na noise Una jus dey make can we now say the economy of doz country are so bad or they just want more from life....

4 Likes

funsho75(m): 9:00am On May 19
Cool
SouthernPlateau: 9:01am On May 19
Future Earthquakes if corruption will eat up the Value.... Kiz Tha Troot
Olachase(m): 9:01am On May 19
bigpicture001:
They want to kill Dangote refinery..?

China will floood your country with cheap cars and batteries including charging stations. And effectively make u a non fossil fuel .. all just to shore up sales of it's EV and bring back money to main land china
as the Dangote day now self wetin you they benefits from him, no be still your Tax Buhari give ham to build the refinery 😏😏

22 Likes

Anguldi(m): 9:01am On May 19
ed, hope staffs will be well paid and human rights observed 🤷👌

1 Like

koladata(m): 9:01am On May 19
Our own vehicles nko. We are depending on this country too much .

1 Like

oz4real83(m): 9:01am On May 19
They should mass produce solar power equipments in Nigeria, that will go a long way to solve power problems in the country

2 Likes

forgiveness: 9:02am On May 19
Welcome development.

19 Likes 1 Share

Globad(f): 9:02am On May 19
When is this happening?

Put a date!

2 Likes 1 Share

victorazy(m): 9:02am On May 19
Ok
Globad(f): 9:03am On May 19
Why the Minsitry of Solid Minerals and not Trade and Investment?
Funkyswagzz(m): 9:04am On May 19
Nigeria is gradually becoming china dependent. It's a shame these morons allow china to monopolize everything. The amount of rip off china is exploring unopposed is overwhelming

1 Like

Judolisco(m): 9:05am On May 19
Sha carry your portable generator put for boot

3 Likes

Mrchippychappy(m): 9:06am On May 19
You go need to weld generator the car
ceejayluv(m): 9:07am On May 19
bigpicture001:
They want to kill Dangote refinery..?

China will floood your country with cheap cars and batteries including charging stations. And effectively make u a non fossil fuel .. all just to shore up sales of it's EV and bring back money to main land china
Dangote Will still sell and export... With the current exchange rate, the new vehicles won't be affordable for the middle Class.

3 Likes

infofta(m): 9:09am On May 19
What an Irony
Our major source of revenue is crude oil while the world is moving away from fossil fuel.

In no distant future Nigeria will suffer if we don't diversify our economy and move away from crude oil

2 Likes

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