Nigeria’s vast lithium reserves estimated to be worth over $34 billion is attracting global demand. Lithium is a key component in the production of batteries for electric vehicles (EVs) and renewable energy storage systems.
Nigeria is positioning itself to become a major player in the global lithium market.
The growing interest in Nigeria’s lithium reserves comes as countries and companies worldwide scramble to secure supplies of the mineral, which is essential for powering the green energy revolution.
“Lithium is topping the charts in terms of interest, and we have seen the springing up of lithium factories in Nigeria already,” special assistant on media to Dele Alake, minister of solid minerals development, Segun Tomori, said in a Twitter Space on Wednesday.
He noted, “The attention of the international mining industry is focused on lithium because lithium is a critical raw material for the production of solar panels and electric vehicles.”
According to Tomori, the minister inaugurated a lithium factory in 2024.
