Nigeria’s Lithium Reserves Attract Interest from Qatari Business Community

Nigeria has emerged as an attractive prospect for Qatari entrepreneurs seeking to capitalize on the country’s lithium reserves, as Minister of Solid Minerals Development Dr. Oladele Alake has pledged to furnish detailed data to bolster their endeavours. The Nigerian Geological Survey Agency possesses crucial information on the distribution and abundance of lithium, providing valuable insights for entrepreneurs seeking to establish lithium enterprises in Nigeria.

During a meeting with Qatari business leaders in Doha, Minister Alake addressed queries regarding the quality of Nigerian lithium, assuring them that mineral exploration initiatives have pinpointed prime locations with commercially viable quantities of high-grade lithium. He further bolstered the credibility of Nigerian lithium by citing an instance where samples from Nigeria exhibited significant lithium content following laboratory analysis, a feat acknowledged by the global mining sector.

In an effort to allure Qatari investors, Minister Alake emphasised the favourable policies implemented by the Nigerian government to facilitate business, with a particular emphasis on the mining sector. Additionally, the Executive Secretary of Solid Minerals Development Fund, Mrs. Fatimah Shinkafi, urged investors to explore opportunities in mining infrastructure, drawing attention to the potential for strategic investments in transportation facilities to optimize costs and operational efficiency.

The Vice-chairman of the Qatar-Nigerian Chamber of Business, Muhammed Santuraki, provided an update on the Chamber’s activities in the mining sector, highlighting collaborative efforts to reinforce business relations between the two countries. The presence of prominent businessmen, such as Sheikh El Jouneid, CEO of ETCC Qatar, and Aminu Dahiru, Chairman of Asdub Oil & Gas, underscored the growing interest and opportunities for partnership in the mining industry.

As Nigeria continues to attract attention from international investors, the government’s commitment to providing essential support and resources for the mining sector solidifies the country’s position as a viable destination for business opportunities in the energy mineral market. With a dedication to transparency and collaboration, Nigeria is poised to emerge as a key player in the global lithium industry, garnering substantial interest and investment from esteemed business leaders worldwide.