President Bola Ahmed Tinubu on Oct. 12 inaugurated a $250 million lithium factory in Nasarawa State, as part of his administration’s industrialization policy to boost the energy sector and create jobs. This was reported by vanguardngr.
The factory, owned by Ganfeng Lithium Industry Limited, a Chinese company, will process lithium ore into batteries for various applications, such as electric vehicles, mobile phones, and solar panels.
According to the president, who was represented by the Minister of Solid Minerals Development, the factory will add value to Nigeria’s natural resources and discourage the illegal export of raw solid minerals.
He also said that the factory will create 2,500 direct and indirect jobs for Nigerians and attract more foreign investors to the country.
He assured Ganfeng of the federal government’s support and urged them to deliver the project according to specifications.
The president of Ganfeng, Pan Quen, said that the factory will have the capacity to process 18,000 metric tons of lithium per day and 4.5 million metric tons annually.
He expressed his gratitude to the Nasarawa State government for providing an enabling environment for their operation and pledged to contribute to the development of the state and the nation.
The governor of Nasarawa State, Abdullahi Sule, commended Ganfeng for choosing Nasarawa for the project and promised to continue to support them and other investors in the state.
