₦airaland Forum

Konquest:
That's awesome Naptu2, value-addition is the way to maximize the true potentials of lithium and other valuable industrial minerals in the light of IMF's projection that one-third of the the countries of the world will experience full-blown recession in 2023.


NOTE: However, the tweet indicates that the lithium processing plant is located in Jos NOT Kaduna as indicated in your thread title and the NL front page.

Have a great weekend!

naptu2:
There is a lesson in this thread, but if you search through Twitter and check the thread, you'll notice that many people have not learnt the lesson.


First Lithium Processing Plant In Nigeria Under Construction In Kaduna.
https://www.nairaland.com/7523789/first-lithium-processing-plant-nigeria


This is the lesson:

There are many sectors in Nigeria that are in the exclusive list in the constitution. This means that they are the exclusive preserve of the Federal Government. For a long time many people assumed that this means that state governments cannot get involved in these sectors, but that is not true.

Bola Tinubu constantly demonstrated this when he was governor. There are many things that people assumed were only reserved for the Federal Government, but his government got involved in those things. Power generation, port construction, airport construction, refinery, etc.

You see, all the state government needs to do is to bring in a private/foreign company to invest in the sector and then they need to get a license from the Federal Government. The state government can also establish its own company to get involved in these things and the company will apply for a license from the Federal Government. The Federal Government wants to make money and they want development, so they will go along with the project (although in some rare cases they might sabotage the project, just like the AES Barge power project in Lagos).


Some people are asking why the oil in Rivers is for Nigeria while the lithium in Kaduna is for Kaduna. Well, read this article, the chairman of the Kaduna Internal Revenue Service stated clearly that mining is on the exclusive list and the only way that Kaduna State can take part in mining lithium is to set up a mining company and get a license from the Federal Government. Has the Rivers State Government set up an oil company and applied to get mining licenses from the Federal Government?

https://www.vanguardngr.com/2021/11/kaduna-govt-set-to-explore-revenue-potential-of-solid-minerals/


This issue keeps coming up every time and the answer is always the same. People asked the same question when it was announced that a gold refinery was being established in Osun and the answer then was exactly the same.

Tesla wants to mine Lithium in Nigeria: What are the hidden costs?

By Temitayo Lawal
Posted on Wednesday, 14 September 2022

Tesla has been told it needs to double down on value addition before Nigeria will allow lithium mining. Nigeria's minister of mines is now on a mission to Australia to find lithium miners who better align with Nigerian industrial policy.

In August, Nigeria’s minister of mines and steel development, Olamilekan Adegbite, said the country had rejected Tesla Inc’s request to mine lithium, unless the company were to situate a battery-making factory in the West African nation.

He said this is to retain value along the global processing chain of lithium.

Lithium is expected to triple in demand by 2040, according to the World Bank. The price of a tonne of lithium jumped from about $6,000 in 2020 to over $78,000 in 2022.

Lithium has so far been discovered in the northern states of Kogi, Nasarawa, Kwara and Plateau, as well as Oyo, Ekiti and Cross River in the south.

Today the KADIPA team met with the representatives of Global Links Logistics Limited, a Chinese company preparing to invest in the mining sector of the state with lithium being their primary aim for the production of EV car batteries in Kaduna in the short run.

First Lithium Processing Plant in Nigeria will begin production in Kaduna this April .As electric cars are growing in popularity, Lithium in Nigeria will become the new oil . Another Chinese company [Pic4] will be investing $500m in Kaduna to produce batteries and electric car.

This morning, the Executive Secretary, Khalil Nur Khalil, alongside MD of the Kaduna Mining Development Company, led the team on a visit to Mararaban Jos to appreciate ongoing construction of the FIRST Lithium processing plant in Nigeria by Ming Xin Mineral Separation Nig Ltd.

Lithium is the ideal element to make powerful, portable batteries. With this plant planned for commissioning in April this year, Kaduna is further strengthening her position as the ideal investor destination in sub-Saharan Africa.