Governor Abdullahi Sule of Nasarawa State has announced that his administration's efforts to open the state for investment are paying off, with a surge in private investors eyeing the mining sector.
Speaking at the commissioning of a 4000 metric tons per day lithium processing factory in Nasarawa Local Government Area, Governor Sule highlighted the state's attractiveness to global players in the lithium business.
During the event, Mr. Zhenhua Pei, Chairman of Canmax Technologies, expressed interest in investing $200 million for another lithium processing plant in Nasarawa State.
This investment follows the commissioning of Avatar New Energy Materials Company Limited's facility, representing a significant milestone in Nigeria's mining sector.
President Bola Ahmed Tinubu, who attended as a special guest, emphasized the partnership between the Federal Government, Nasarawa State, and investors in diversifying the economy through the mining sector.
Notably, the event symbolizes Nigeria's entry into the global lithium production value chain.
Governor Sule urged Nigerians, especially from Nasarawa State, to seize opportunities in the mining sector.
Minister of Solid Minerals Development, Dele Alake, reinforced the government's commitment to value addition in mining, signaling a strategic shift towards local processing and refining.
The commissioning signifies a new era in Nasarawa State's economic landscape, with expectations of job creation and revenue generation through mining investments.
Governor Sule's proactive approach in fostering collaboration with the Federal Government underscores the state's potential as a hub for mineral resource development.
