Nigeria is launching lithium and rare earth processing plants to diversify its economy from oil, aiming for local employment and value addition. Minister Dele Alake announced partnerships for plant installations and highlighted efforts against illegal mining. The initiative also includes plans to formalise artisanal mining and enhance community benefits from mineral resources, forging a path for sustainable economic growth.
Nigeria’s Ministry of Solid Minerals Development has announced plans to commence the establishment of lithium and rare earth processing plants across the country, aiming to leverage its mineral wealth and diversify the economy away from oil dependency. Minister Dele Alake revealed these developments during a briefing for the upcoming Nigeria Mining Week, highlighting a partnership with El Thahadat and Hasetins to set up plants in Kwara, Kebbi, and the Federal Capital Territory. This initiative coincides with the opening of a new gold refinery in Gwarinpa. Alake noted that Nigeria possesses over 44 types of minerals and underscores the need for value addition through processing to drive economic growth and job creation. He emphasised the importance of accurate data to attract investment and the goal of positioning Nigeria as a reliable investment destination. Furthermore, local processing facilities aim to enhance job creation and economic benefits to communities. In combating illegal mining, the government is employing robust surveillance measures and collaborating with various agencies to protect resource revenues and community welfare. Plans are also in place to formalise artisanal and small-scale mining, providing better safety and technology access for participants while leading to the establishment of new co-operatives. Overall, these efforts are designed to stimulate economic empowerment at the grassroots level and enhance national development.
The article discusses Nigeria’s initiative to create lithium and rare earth processing plants, marking a strategic move to bolster the country’s economy by reducing reliance on oil revenue. Given the increasing global demand for lithium, particularly in manufacturing rechargeable batteries, Nigeria seeks to leverage its rich mineral deposits to attract investment and improve local economies. The emphasis on combating illegal mining through stricter regulations and formalising small-scale operations reflects the government’s commitment to sustainable mineral development while ensuring that local communities benefit from these resources.
Nigeria is taking significant strides to advance its mining sector by establishing lithium and rare earth processing plants, with a focus on local value addition and economic diversification. The government’s efforts to formalise artisanal mining and tackle illegal activities exemplify a comprehensive approach to fostering sustainable development and community empowerment in the mining industry. Through these initiatives, Nigeria aims to cement its position as a key player in the global mineral market and enhance the prosperity of its citizens.
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