Nigeria To Start Prioritizing Lithium, Bitumen, Limestone, Others
Nigeria To Start Prioritizing Lithium, Bitumen, Limestone, Others
Lithium is a crucial ingredient in the batteries used in electric vehicles, hence the Nigerian government has prioritized exporting this mineral and growing the country’s mining industry.
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FG announced that it will give priority to six additional resources in addition to lithium, including coal, bitumen, limestone, iron ore, barites, gold, lead/zinc ore, and lithium.
Sen. Gbemisola Saraki, Minister of State for Mines and Steel Development, said this on Wednesday in Abuja at the 21st Annual General Meeting of the Nigerian Society of Mining Engineers.
The Minister stated that Nigeria’s Mining Ministry is working to transform the Nigeria Minerals and Metals sector into an irresistible mining destination for global capital, attracting foreign direct investments to grow the sector to the optimum level.
Nigeria To Start Prioritizing Lithium, Bitumen, Limestone, Others
She said that the Ministry’s confidence in the realization of the above vision is predicated on Nigeria’s position as one of the largest economies in Africa.
“With a Gross Domestic Product (GDP) of 514.05 dollars, a population of over 213 million people, over 57 percent economically active population is endowed with over 44 different minerals resources in commercial quantities,”
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“Streamlining application processes and significantly increasing private sector investment in mining,
“Ensuring orderly and efficient mining of the seven priority minerals in the mining roadmap (Coal, Bitumen, Limestone, Iron Ore, Barites, Gold and Lead/Zinc Ore and now Lithium)
“Strengthening collaboration with State governments and relevant security agencies to ensure sustainable security and safety of mining areas.”
Nigeria To Start Prioritizing Lithium, Bitumen, Limestone, Others
She added that other incentives by the Ministry include, improving the investment climate for mining activities, stamping out illegal mining and formalizing artisanal and small-scale mining activities across the country, and collaboration with the private sector to create a large number of well-paying jobs for Nigerian youths.
The Minister also stated that President Muhammadu the Buhari administration has targeted mining in the diversification agenda, with a target of a five percent contribution to GDP, and creating an industry worth $27 billion.
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FG stated that it has started pursuing some critical initiatives for the promotion of mining activities in Nigeria, including the bitumen block auctioning initiative, barite mining and processing, bulk mineral haulage, and mineral buying center operations in Nigeria.
“As members of the global mining community, we must put in place the necessary framework in line with international best practices to promote sustainable mining in Nigeria.
“The available record of about 1,700 abandoned mine sites as at 2020 with more than 700 in Plateau alone speaks volumes about sustainable mining in Nigeria,” she added.
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