Nigeria recently discovered large deposits of lithium, an essential component for building batteries for electric cars, laptops and mobile devices.
It has been mentioned over time that Nasarawa State is one of the states with the highest quantity of lithium in the North Central part of Nigeria. There is also lithium in Kwara, Niger, and Kogi, but Nasarawa State has been so lucky to have the largest commercial quantity.
The price of lithium has risen from $6,000 per tonne in 2020 to $78,000 per tonne in 2022, and it is expected to be the most valuable mineral on earth by 2040. Additionally, Nigeria’s lithium is high-grade.
The new Minister of Mines & Steel Development, Alhaji Shuaibu Audu must be encouraged to succeed in that industry.
He needs to ensure the previous arrangement with Tesla CEO, Mr @elonmusk is brought back to the table. Tesla uses batteries for its electric cars and Lithium is the base material used for battery productions.
Elon Musk is a willing partner if the terms are right. The VP must do his best to make PEBEC work more efficiently and effectively for more investors to come in.
