Nigeria’s Ambitious Plan to Boost Lithium Production

– Nigeria aims to be a major player in the global lithium market
– President Bola Tinubu to inaugurate Nigeria’s largest lithium factory
– Minister of Solid Minerals Development, Dr Dele Alake, aims to produce 18,000 metric tonnes of lithium per day by 2023
– More lithium sites discovered in Nasarawa, Kogi, Kwara, Ekiti, and Cross River states
– Lithium is a key mineral in the global energy transition
– Ministry of Solid Minerals Development unveiled seven-point agenda to diversify Nigeria’s economy
– Dual-pronged approach to addressing mining sector issues includes coercive and persuasive measures
– Ministry working on attracting foreign direct investment to the sector
– Preliminary survey revealed an estimated 750 billion dollars’ worth of solid minerals in Nigeria
– Roundtable aimed at formulating policies to advance the mining sector and deliver a diversified economy

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