Governor Abdullahi Sule of Nasarawa State has secured a $200 million investment for a lithium factory during his visit to Jiuling Lithium’s headquarters in Fengxin County, China.
The investment, which will establish the factory in Nasarawa Local Government Area, is part of the governor’s week-long investment drive aimed at attracting foreign direct investments to the state. The visit allowed Governor Sule to gain first-hand insight into the operations of Jiuling Lithium, a prominent miner of mineral resources and manufacturer of lithium carbonate, a key component in renewable energy battery production.
During the visit, Governor Sule obtained a commitment from Jiuling Lithium to complete the 6-million-ton capacity factory within 18 months. The company also praised Nasarawa State’s favorable investment climate and ease of doing business, pledging to explore other investment opportunities in the state.
Governor Sule is currently in China at the invitation of LOVOL Engineering Company Ltd, a global leader in the manufacturing of farm equipment and machinery.
