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 emphasized 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, 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.

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.