President Tinubu launched construction of $250m lithium factory in Nasarawa State.

    President Bola Ahmed Tinubu conducted a groundbreaking ceremony on Thursday to mark the commencement of the construction of a $250 million lithium factory in Nasarawa State.

    Pan Quen, President of Ganfeng Lithium Industry Limited, revealed that the completed mega factory would process 18,000 metric tons of lithium per day and 4.5 million metric tons annually.


    Inaugurating the Ganfeng Lithium Industry Limited factory in the Endo community of Udege Development Area in Nasarawa Local Government Area, Tinubu emphasized that the project aligned with his administration’s industrialization policy, focusing on providing ample energy for the country.

    Represented by the Minister of Solid Minerals Development, Dele Alake, the President commended the company for its alignment with the federal government’s policy and assured Ganfeng of government support.

    “I want to congratulate this company for the feats recorded in Africa with a greater interest in Nigeria. Under this administration, we shall do everything possible to discourage the carting away of our solid minerals without value addition.”

    He emphasized the end of exporting raw solid minerals from Nigeria and highlighted collaboration with Customs to detect illegal exports. Tinubu welcomed Ganfeng’s decision to establish a factory for lithium batteries, anticipating its contribution to the nation’s product value and job creation.

    He assured the federal government’s support and commitment to creating an enabling environment for the company’s operations across the country. Tinubu expressed confidence in the project’s success, stating, “I am convinced that my presence here will give you the boost to deliver this project according to specifications.” to Read More NEWS.