COP28: Nigeria Secures $150m Battery Manufacturing Deal In Dubai

At the ongoing UN Climate Change Conference nicknamed COP28, two Nigerian agencies have signed a $150 million battery manufacturing deal with a Chinese company.

The National Agency for Science and Engineering Infrastructure (NASENI) and the Rural Electrification Agency (REA) announced the deal on Friday which will see Shenzen LEMI Technology Development Company establish a lithium-ion battery factory in Nigeria.