The Minister of Solid Minerals, Dele Alake, has hinted that four lithium processing plants worth more than $800 million are set to be launched before the end of 2025.
The Minister revealed this in a statement on Sunday.
Giving a breakdown of the plants, Alake said while $600 million lithium processing plant near Kaduna and Niger are about to be commissioned, another $200 million refinery near Abuja is nearly ready. He added that two more plants are coming online in Nasarawa before the third quarter of this year.
“When we came into office, Nigeria’s solid minerals sector was underperforming. In 2023, it generated just ₦6 billion in revenue. By the end of 2024, that number had grown to ₦38 billion. That kind of turnaround tells you something is working. One of the first things we did was tighten the licensing process.
“We made it clear that no one gets a mining license without showing a real plan for local processing. Exporting raw minerals without adding value here at home wasn’t helping our economy, and we had to stop that. Since then, we’ve seen real results of over $800 million in processing investments last year alone.
“We’ve got a $600 million lithium processing plant near Kaduna and Niger about to be commissioned. Another $200 million refinery near Abuja is nearly ready. Two more plants are coming online in Nasarawa before the third quarter of this year,” he wrote.
Alake said the projects will create more jobs, technology, and a stronger local economy.
“Exploration has also been a priority. When we took office, Nigeria had only spent $2 million on mineral exploration. By comparison, Côte d’Ivoire had spent $148 million, and South Africa more than $300 million. No serious investor takes you seriously without credible geological data.”
He said the Ministry had secured ₦1 trillion for mineral exploration to make the sector globally competitive.
“That’s why this year, we’ve secured ₦1 trillion specifically for mineral exploration to build the foundation for a globally competitive sector. We’re also confronting illegal mining head-on. Over 300 arrests were made last year, with 150 prosecutions ongoing and several convictions already secured, including foreign nationals.
“We’re also supporting local miners by formalising their operations. So far, over 250 cooperatives have been established to help small-scale miners get access to finance and share in the revenue.”
“Nigeria now chairs the African Mineral Strategy Group, a new bloc focused on local value addition and fairer mineral trade.”
He tied the sector’s achievements to a direct result of the vision laid out by President Bola Tinubu, adding that investor interest is surging.
“Just this quarter, the Mining Cadastral Office received over 10,000 applications. That kind of momentum didn’t exist before. It’s a sign that our reforms are working. We’ve still got work to do, but the direction is clear.
“We’re turning Nigeria’s mineral wealth into real economic value for our people, our industries, and our future,” he said.
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