China’s Ganfeng Lithium has started construction of a $250 million lithium processing plant in Nasarawa State, expected to be completed in two years, with the potential of processing 18,000 tons of lithium per day and 4.5 million tons per annum.
The foundation stone laying ceremony of the lithium factory in Lado village, Udege Development Area in Nasarawa Local Government Area of Nasarawa State, Nigeria, was conducted by Dele Alake, Minister of Solid Minerals Development.
According to him, the 16,000-ton lithium battery processing facility aligns with the cardinal policy of the administration led by President Bola Ahmed Tinubu to create wealth and employment opportunities for our young population through value addition in our extractive industry.
He said, “This endeavour perfectly aligns with the president’s industrialization policy, geared towards enhancing the country’s energy supply.
Speaking on behalf of President Tinubu, Alake said that the era of exporting raw solid minerals from Nigeria is behind us.
He said, “Your decision to establish a lithium battery factory is a commendable development that will not only enhance the nation’s products but also generate direct and indirect employment opportunities for Nigerians.
He assured that the federal government would create a conducive environment for their operations in all their establishments in the country.
“We will wholeheartedly support and transform this idea into reality because you’ve boldly entered a domain others hesitated to explore,”
“Under my supervision, I will prioritize value addition as a government policy for the mining sector. I urge all stakeholders and potential investors to embrace this approach, as it will boost the economy and generate foreign exchange.
“Be assured that this administration will provide all the necessary support to make this factory a reality. It is without a doubt, a marketable and profitable venture. Furthermore, the community must foster a harmonious relationship with the company. This will result in mutual benefits for the community, the state, and the entire country.
“Constructive industrial development can only thrive in an atmosphere of peace. Once the company is fully operational, it will provide employment for 2,500 locals and offer opportunities for capacity building.
He emphasised that the lithium industry in Nasarawa marks a new era in Nigeria’s journey towards industrialization and energy self-sufficiency.
EnergyDay’s check showed that Ganfeng Lithium Co., Ltd. largest lithium salt producer in China and the third largest in the world, produces lithium, lithium products, other metals, and batteries in mainland China and globally. It is the as well as the second-largest lithium processor in the world.