President Bola Tinubu has lauded the inauguration of the lithium processing plant in Lafia, Nasarawa State, expressing optimism about its potential for economic development. According to Ajuri Ngelale, the presidential spokesperson, Avatar, a Chinese firm, constructed the plant, which has a daily production capacity of about 4,000 metric tonnes. Additionally, Canmax Technologies, a renowned Chinese firm responsible for over 30 percent of global battery material production, announced a new $200 million investment for another lithium processing plant in Nasarawa.
What They Are Saying
Caution from the President
During a meeting with Abdullahi Sule, Governor of Nasarawa, and executives from Avatar New Energy Materials Company Limited and Canmax Technologies, President Tinubu emphasized the importance of environmental protection, community engagement, and corporate social responsibility in mining operations. He cautioned against leaving communities in disarray and encouraged the utilization of Nigeria’s vibrant and skilled youth workforce. Tinubu urged the firms to prioritize production in Nigeria, highlighting the country’s substantial market for solar technologies.
Governor’s Speech
Governor Sule expressed gratitude for the president’s support and highlighted the potential for lithium mining in the region over the next 15 to 20 years. Dele Alake, Minister of Solid Minerals, emphasized proactive measures to address risks posed by abandoned mines, emphasizing the importance of viable remediation plans for licensing new mining operations.
Commitment from Chinese Executives
The Chinese executives pledged to adhere to mining regulations and fulfill corporate social responsibilities to host communities, underscoring their commitment to sustainable mining practices.
Why It Matters
Nigeria’s rich mineral resources offer significant economic potential, but mining activities must be conducted responsibly to mitigate environmental and social risks. The president’s caution underscores the need for inclusive and sustainable mining practices that benefit local communities.
Bottom Line
While mining activities hold promise for economic growth, the government must ensure robust regulation to protect citizens from exploitation by foreign investors. Proactive measures are necessary to safeguard the interests of host communities and promote responsible resource extraction in Nigeria.
