₦airaland Forum

erumena:
You are looking at this the wrong way. When hubs like these are developed, the onus is on the citizen to strategically position themselves to be able to benefit from them.

For example, if oil is discovered as a raw material, you can build a factory or start an oil servicing company to take advantage of that discovery to create jobs and build wealth.

With that, you can join others in building the economy, thereby contributing your own quota to the GDP of the country. We don't have to wait for the government to start building a lithium battery processing company before we take advantage of it.

It is time we start encouraging and partnering with the government instead of condemning their actions anytime they come up with something.

That sounds good in theory, but it ignores the reality on the ground.

How many ordinary people in Nasarawa have the capital to build a lithium processing plant or an oil servicing company? Banks demand impossible collateral, while government support rarely reaches genuine entrepreneurs.

Even with a solid proposal, success often depends more on political connections than merit.

If the government truly wants partnership, it should first provide reliable infrastructure, transparent financing, fair licensing, and incentives for local value addition.

Industrialized nations didn't develop by exporting raw minerals and telling citizens to "position themselves." They created policies that empowered local industries. Partnership is a two-way street.

Says an internet warrior and a couch potato.

Believeintruth:
We need citizens who would speak the truth and not eye service people. Love for your country and love for the govt are two different things. If you love the country you would speak the truth to power. We need to be in the top of the value chain of mineral resources supply chain. What this plant does is the process the lithium from the Ore for export, we are still making the same mistake with crude oil. If we are at the top of rhe value chain jobs will be created and more people would be lifted out of poverty.

Kukutente23:
Nigerians and backwards mentality
We don't produce batteries but we're rejoicing over a lithium plant built to exploit natural resources found in our environment
Some zone Bees above have even turned it to a geopolitical issue
Who do us like this sey? I wan know the man

You're just allergic to ggodnews!

This is great investment

gigabyte13:
Born hater
Certified wailer
I mention Tinubu for my post....??
You are chasing a Man who is chasing his dream.
I don talk am before, end time children/adult everywhere .
I said and l repeat
Nigeria will be great again
You shall see it with your own very eyes but , you will not benefit from it.

Which Nigeria will be great?

The failed contracept or which Nigeria?


Keep living in a fool paradise, kid

This is a major development for the local economy and represents a significant step towards industrial processing.

JealousCobra:
Which Nigeria will be great?

The failed contracept or which Nigeria?


Keep living in a fool paradise, kid

Eyaaaaaaaa
The hatred is deep
Highly incurable

JASONjnr:
This is me having a chat with a child because you're literally searching for excuses to make your point just to make this government look bad but in real sense you know that this a good development.....

You see why you have a very big problem and it is due to cognitive dissonance. Love for country and love for govt are two separate things. Yelling the truth now means I am searching excuses to make the govt bad. Bro you the child here trying to chat because you lack awareness in being a citizen.

gabbytabby:
Says an internet warrior and a couch potato.

Imagine this statement coming from someone who is a career internet warrior and a couch potato. Oga take a look at yourself in the mirror first before criticizing someone.

Teymanhenry:
We celebrated the discovery of lithium, believing it would drive industrialization, create jobs, and transform our state into a hub for lithium batteries and other value-added products.

Instead, we're watching the raw mineral being exported while the real wealth, technology, and employment opportunities go elsewhere. We remain suppliers of raw materials and importers of finished goods.

Natural resources don't make nations prosperous—visionary leadership and value addition do. What a country.

I fear I'm compelled to agree with you on this sir. I did a simple commodities check online to realise that 3 million per annum will yield:

For 3 million tonnes of lithium ore (spodumene ~6% Li₂O):

Low end: about $6.8 billion

High end: about $7.0 billion

So the realistic range is: $6.8–$7.0 billion (USD) for 3m tonnes of lithium ore per annum

That's $6.8 - 7.0 BILLION Dollars in 1 year. Even with potential annual profit of 30%, we're talking of $2.04-$2.10 BILLION profit each year. Break even in literally 1.4months. No wonder the Chinese folks are smiling. They just literally set up the golden goose.

To think we can't find a government entity to borrow/budget $250m to put into something like this Lithium plant (even if we rely on the Chinese to set up and train our people) is beyond parody for folks interested in moving the country forwards.

Kukutente23:
You don't understand anything
You're exporting the raw materials. The raw material is called lithium ore

what is this one saying?