Nigeria poised to lead lithium production with $200m mega processing plant
Nigeria is set to launch an ultra-modern lithium processing plant in its northern region, backed by a $200 million investment from Chinese firm Canmax Technologies.
The plant, located in Nasarawa state will have a processing capacity of 4,000 metric tons of lithium per day.
Speaking at an investment summit in Nasarawa, President Bola Tinubu encouraged lithium-rich states across the country to seize opportunities in the mining sector, highlighting lithium's crucial role in shaping the future, TVCNews reports
"The 4,000 tonnes per day processing plant is a testament to the state's commitment to investments. I urge other states to follow Nasarawa's example by intensifying efforts to attract investors. Initiatives like this investment summit are pivotal in showcasing the vast opportunities awaiting investors across all sectors of the Nigerian economy," President Tinubu stated.
Emphasising the importance of lithium, President Tinubu described it as "the future" and stressed the need for proactive measures to capitalise on the global demand for lithium by establishing additional processing plants in lithium-rich states throughout Nigeria.
"Lithium is the future," he said, adding, "Manufacturers have continued to produce cars powered by lithium batteries. Therefore, as a country, we must prepare for this by ensuring we take full advantage of the global demand for lithium by developing even more processing plants in Nasarawa and across other states rich in lithium in Nigeria as a whole," as quoted by local media Punch.
