The Minister of Mines and Steel Development, Olamilekan Adegbite, has said Nigeria has what it called “the mineral of the future” that can power electric cars and phones.

Adegbite said this to international investors during one of the investors’ forums at the Mining Conference in Riyadh Saudi, according to a statement by the ministry.

The statement said, “The Minister of Mines and Steel Development, Olamilekan Adegbite, while speaking to a hall full of international investors, said that Nigeria has the mineral of the future that can power electric cars and phones.”

The minister urged the investors to engage in the Nigerian mining sector, describing it as one of the most investor-friendly in the world.

He said some major mining companies started showing interest in the Nigerian mining sector.

According to him, Nigeria intends to auction rights to mine some strategic minerals later this year.

Adegbite said, “We have strengthened governance and transparency in the sector and provided assurance to investors through the upgrade, automation, and decentralisation of the Mining Cadastre Office. We are improving the connectivity between investors and the public with important geological information through the establishment of a Nigeria Geo-Data Centre at the Nigerian Geological Survey Agency.

nairavsdollars:
The minister urged the investors to engage in the Nigerian mining sector, describing it as one of the most investor-friendly in the world.

post=109379559:
Slow and steady we will get to the nation of our dreams

post=109379559:
Slow and steady we will get to the nation of our dreams

The Minister of Mines and Steel Development, Olamilekan Adegbite, has said Nigeria has what it called “the mineral of the future” that can power electric cars and phones.

vanbonattel:
Nigeria had always had everything they needed,

But the human resources to harness that is lacking

In less than 3 years, Biafra was refining crude with zero foreign input. Over 60 years after the civil war, Nigeria hasn't learnt how to refine crude till date.

Let's elect another 90 year old kleptomaniac and put him in Abuja

He will power your electric cars with his bullion vans

UnimkeAk:

Fractional distillation isn't rocket science.
Crude is currently being refined in the ND by illitrates..

flokii:
The idea of having electric cars is good no doubt but I feel we should take it step by step. We still have abundant gas we can use for cooking and vehicles while we focus on improving the power situation in the country.

We like to muzzle up too many things at a time and end up schieving nothing. Over 70 percent of China's population still use coal, firewoods etc. despite the call for clean, renewable energy but you don't see the Chinese govt. banning coal like their naive counterparts in Nigeria do.

vanbonattel:
Nigeria had always had everything they needed,

But the human resources to harness that is lacking

In less than 3 years, Biafra was refining crude with zero foreign input. Over 60 years after the civil war, Nigeria hasn't learnt how to refine crude till date.

Let's elect another 90 year old kleptomaniac and put him in Abuja

He will power your electric cars with his bullion vans