Two lithium factories worth $1.3bn in Abuja, Nasarawa to commence operations in Q2 2025, says Alake
The Minister of Solid Minerals, Dele Alake, on Thursday, revealed that two Lithium factories with locations in Abuja and Nasarawa are to commence operations in the second quarter (Q2) of 2025.
Alake stated this at the BusinessDay Solid Minerals Conference, with the theme: “Building a Resilient Mining Sector in Nigeria; Leveraging Diplomacy, International Partnership and Regulatory Coherence”.
Speaking on successes recorded by the current administration in the mining sector, Alake disclosed that “ the two Lithium factories will be commissioned this Q2 2025, with the first, located in Abuja, investing $700million and another one in Nasarawa, investing $600million”.
Speaking further on efforts to sanitise the Nigeria’s solid mineral sector, said the government was strengthening efforts to encourage illegal miners legalise their operations, adding that with a year, over 250 cooperatives have been formed with about 50, coming on board monthly, to reducing illegal mining.
He noted that efforts have continued to yield the much needed benefits, creating about 27000 jobs for artisanal miners, in over 90 mine sites freed by the Mining Marshalls.
He also revealed that Nigeria’s Community Development Agreement (CDA), has become a toast amongst African countries, including South Africa, who are now replicating the Nigeria model, developed by the President Bola Tinubu administration, created to benefit the host communities.
“ These African countries are now replicating these plans and incorporating it into their own system”.
