Chinese firms have invested over $1.3 billion in Nigeria's lithium processing sector, a move expected to unlock growth for SMEs in mining, logistics, and equipment supply. The announcement by Minister of Solid Minerals Development, Dr. Dele Alake, … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader $1.3bn lithium boost opens new opportunities for Nigerian SMEs By Abimbola Akomolafe on October 27, 2025 Chinese firms have invested over $1.3 billion in Nigeria's lithium processing sector, a move expected to unlock growth for SMEs in mining, logistics, and equipment supply. The announcement by Minister of Solid Minerals Development, Dr. Dele Alake, reflects rising investor confidence spurred by the Tinubu administration's reforms and push for local value addition. Read also, $1.3bn lithium boost opens new opportunities for Nigerian SMEs NCDMB launches oil skills program to boost SME capacity SMEDAN empowers female entrepreneurs with grants, training SEC warns as Nigerians spend $5.5m daily on gambling BOA launches SME farmers account to boost access to finance The investment positions SMEs to benefit from Nigeria's growing clean energy and industrial value chains under the Renewed Hope Agenda.

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