Launches Edo command, control centre, special force building, others Contact online >>
Launches Edo command, control centre, special force building, others
The Rural Electrification Agency (REA) and the National Agency for Science and Engineering Infrastructure (NASENI) have signed a Memorandum of Understanding (MoU) for the establishment of a $150 million lithium-ion battery manufacturing and processing factory in Nigeria.
A statement by the REA said the agreement, signed with a Chinese firm, Shenzhen Lemi Technology Development Company Ltd., at the ongoing COP-28, will be leveraged to demonstrate Nigeria''s commitment to clean and renewable energy development.
In addition, the agency explained that the deal emphasises the country''s alignment with climate action pledges under the Paris Agreement and focuses on home-grown technology for rural electrification in the search for inclusive financing for Nigeria''s energy access gap in last-mile communities.
The strategic collaboration with the key objective of facilitating partnership for research and development projects, it said, will enhance the quality, reliability, and affordability of rural electrification solutions, including innovative technologies.
"Leveraging on their partnership, NASENI and REA signed a landmark cooperation agreement with Shenzhen Lemi Technology Development Company Limited of China. "The landmark MoU was developed with the sole objective of development and establishment of a $150 million Lithium-Ion Battery Manufacturing and Processing Factory in Nigeria.
"This partnership enables agencies such as REA and NASENI to leverage the technological expertise of LEMI to improve the safety and longevity of battery technologies to deliver better, sustainable energy solutions to unserved and underserved Nigerians.
"It will also be paving the way for new jobs within the sector, as well as local content in the nation''s renewable energy space," the REA stated.
According to the statement, the collaboration between REA and NASENI has proven instrumental in unlocking new and transformative opportunities.
ministry of power, is focused on delivering electricity to rural, unserved, and
underserved communities in Nigeria, NASENI is tasked with the development of
science and engineering innovation through strategic investments and
"REA and NASENI are actively engaged in the clean and renewable
energy sector in Nigeria. The two agencies recently prioritised collaboration
between them to underscore a shared commitment to sustainable energy solutions.
"Both agencies seized the opportunity presented by their
participation in COP-28 to advance the President''s Renewed Hope agenda.
sector, with the potential to revolutionise the manufacturing landscape and
contribute significantly to bridging the electricity access gap," the statement
Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria, the Federal Capital Territory and around the world. It is Nigeria’s most authoritative news media available on all platforms for the political, business, professional and diplomatic elite and broader middle classes while serving as the meeting point of new ideas, culture and technology for the aspirationals and millennials. The newspaper is a public trust dedicated to the pursuit of truth and reason covering a range of issues from breaking news to politics, business, the markets, the arts, sports and community to the crossroads of people and society.
Most Widely Read Newspaper
ID) . ''?utm_source=news-flash&utm_medium=web"> Download Punch Lite App
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
STOP🛑 🚨 Are you ready to unlock your financial future? 💹 Start trading with IQ Options and seize the opportunity to grow your wealth TODAY! 🌟📈 With just a few clicks, you could make smarter moves and achieve more. 💼✨ Act now! Tap here to begin your journey with IQ Option! 🚀💰
In uncertain times, Nigerians are safeguarding their money by earning up to 20% ROI through investments in fixed income, commodities, real estate, and more — start here
Do you love to earn US Dollars as a Nigerian? Premium domains have helped Doctors, Lawyers, Engineers, Bankers, IT Experts, Retirees and others financially. Click here to learn more.
PROFITABLE FOREX, BITCOIN AND BINARY PROFESSIONAL TRADER: Do you require the service of a professional trader who can help you trade your online Forex, Bitcoin and Binary account for 10-20% weekly profit(ROI)?.For details visit:, WhatsApp : +2349126666222
Nigerians can now get over 30% returns from trading commodities and investments from their phones. Join over 30,000 Nigerians already using this app. Start hereFood prices are going up, but smart Nigerians are making millions from trading foods and commodities on this app. Start here
The Federal Ministry of Innovation, Science and Technology (FMIST) has partnered with UK-based company, Entrust Microgrid to enhance the production of lithium batteries in Nigeria, to position the nation as a global leader in lithium-ion battery manufacturing.
During the ceremony to sign the memorandum of understanding (MoU) in Abuja, the Minister of FMIST, Chief Uche Nnaji emphasised that Entrust Microgrid partnership to Nigeria is significant and can lead to various benefits, including green job creation, deeper penetration of solar technology, and advanced technical capacity enhancement in Nigeria. He further revealed that over 3,000 lithium pegmatite bodies were discovered in Nigeria, which suggests that Nigeria can lead globally in lithium-ion battery manufacturing. Lithium is a crucial element required for the manufacture of high-efficiency batteries used in electric vehicles, home and industrial applications.
About Abuja lithium-ion battery technology
As the photovoltaic (PV) industry continues to evolve, advancements in Abuja lithium-ion battery technology have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Abuja lithium-ion battery technology for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Abuja lithium-ion battery technology featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
