FG to launch four lithium plants in 2025 as minister names locations and schedule

• The Nigerian authorities has massively invested successful coagulated mineral exploration implicit the past 2 years, and is opening to reap the benefits
• Four lithium plants are acceptable to beryllium commissioned earlier the extremity of 2025, a improvement that could spark a concatenation of affirmative reactions
• Lithium is simply a large constituent successful the accumulation of batteries for renewable vigor systems, and China has confirmed plans to acceptable up accumulation successful Nigeria

Legit.ng journalist Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.

The national authorities of Nigeria has announced that 4 lithium plants volition beryllium launched earlier the extremity of 2025.

The 4 plants, estimated to beryllium worthy implicit $800 million, volition boost the section economy and make much jobs for the thousands of radical to beryllium employed successful the plants.

Minister of Solid Minerals, Dr. Dele Alake, disclosed this successful a connection connected Sunday.

Minister of Solid Minerals, Dele Alake, believes the US would beryllium considering Nigeria fixed its argumentation to diversify from China. Photo credit: X/Bayo Onanuga
Source: Twitter

This is simply a follow-up to an earlier connection from the Minister of Budget and Economic Planning, Atiku Bagudu, who mentioned that 4 lithium plants were being constructed nationwide.

He added that it had sparked investors' interest, with immoderate investors from Brazil pledging $3 billion for the project.

Minister announces timeline for motorboat of $800 cardinal lithium plants

The Minister gave the locations and the expected timeline of launch. According to Alake;

• A $600 cardinal lithium processing works is astir to beryllium commissioned adjacent Kaduna and Niger states.
• A $200 cardinal lithium works adjacent Abuja is nearing completion.
• Two much plants are acceptable to beryllium launched successful Nasarawa State successful Q3, 2024.

The Minister narrated that respective reforms had been implemented since 2023 to crook the assemblage astir from N6 cardinal successful gross successful 2023 to N38 cardinal successful 2024.

His connection read;

“That benignant of turnaround tells you thing is working. One of the archetypal things we did was tighten the licensing process. We made it wide that nary 1 gets a mining licence without showing a existent program for section processing. Exporting earthy minerals without adding worth present astatine location wasn’t helping our economy, and we had to halt that. Since then, we’ve seen existent results of implicit $800 cardinal successful processing investments past twelvemonth alone.”

FG increases concern successful mineral exploration

According to Alake’s statement, the authorities is besides investing successful mineral exploration. As of 2023, Nigeria had lone invested $2 cardinal successful mineral exploration, acold down different countries similar Côte d’Ivoire and South Africa that had spent $148 cardinal and $300 million, respectively.

Channels quality reports that the ministry has present secured N1 trillion for mineral exploration successful 2025, to marque the coagulated minerals assemblage globally competitive.

The satellite has besides recognised the ongoing reforms championed by President Bola Tinubu, and Nigeria present chairs the African Mineral Strategy Group, a caller bloc focused connected section worth summation and fairer mineral trade, Alake stated.

FG to tackle amerciable mining, licence section miners

The Minister besides disclosed that the authorities is tackling amerciable mining head-on, with implicit 300 arrests made successful 2024 and astir 150 ongoing prosecutions, including overseas nationals.

To turn the sector, the authorities is helping the section small-scale miners formalise their operations and get entree to concern done cooperative groups.

Alake confirmed increasing capitalist involvement successful the sector, adding that the Mining Cadastral Office had received implicit 10,000 applications.

He said;

“We’re turning Nigeria’s mineral wealthiness into existent economical worth for our people, our industries, and our future.”

Lithium utilized successful Electric Vehicle production

Lithium is simply a cardinal constituent of batteries utilized successful in renewable energy retention systems, and different associated products similar electrical vehicles.

Solid minerals minister, Dr. Dele Alake, credits Tinubu for roar successful mining sector. Photo: FB/Bayoonanuga
Source: Twitter

Nigeria’s lithium reserves are estimated to beryllium rather monolithic and valued at implicit $34 billion — a captious summation to the greenish vigor revolution.

Nigeria-based Innoson Vehicle Manufacturing has besides ventured into the accumulation of electrical and solar-powered vehicles.

China to tract EV mill successful Nigeria to harness lithium

In related news, China has announced plans to establish electrical conveyance factories successful Nigeria to pat into its lithium resources.

Legit.ng reported that China’s Ambassador to Nigeria, Yu Dunhai, called for deeper bilateral practice successful Nigeria’s coagulated minerals sector.

Speaking during a courtesy sojourn to the Minister of Solid Minerals Development, Dr. Dele Alake, successful Abuja implicit the weekend, the ambassador underscored Nigeria’s strategical value to China’s overseas argumentation and economical practice goals.

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Source: Legit.ng