Nigeria’s quest for revenue diversification is starting to pay off, as an indigenous mining company, Bluesach Matrix Limited, disclosed its intention to mine 3.6m metric tonnes lithium in in the country.

Chairman of Bluesach Matrix, Mr Kingsley Anajemba, announced this while speaking on the essence of keying into the diversification policy of the current Nigerian government.

According to Anajemba, the company has now acquired complete ownership and titles of mining sites earlier that were earlier allocated to other mining companies but which were inactive.

He said: “The primary focus of Bluesach Matrix Limited is to attract investors, reduce Nigeria’s dependency on fossil fuels, increase employment via direct labour, boost local content, and reduce capital flight from export of unlicensed minerals”.

He added that Bluesach Matrix Limited, after successful exploration and mining of the acquired sites, should be able to account for about 100m metric tonnes of granitic pegmatite, a form of igneous rock which hosts the highest concentration of high grade lithium ore / other minerals.

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