By Yemi Olakitan
The House of Representatives has taken a significant step towards diversifying Nigeria’s economy by calling for a comprehensive roadmap to develop the country’s lithium mining infrastructure and value chain. This move aims to position Nigeria as a key player in the global clean energy transition, leveraging the growing demand for lithium in renewable energy technologies.
The aim of the roadmap, according to the lawmakers, is to establish the Nigerian Lithium Production Agency to Oversee the creation of a vertically integrated lithium industry, in line with the Nigerian Minerals and Mining Act of 2007, and Facilitate mineral mapping and advanced exploration activities, including high-resolution airborne surveys to estimate lithium deposits accurately.
These recommendations followed the adoption of a motion titled “Need to Upscale the Lithium Industry and Value Chain as a Catalyst to Drive Energy Sufficiency and Economic Growth” sponsored by Hon. Victor Obuzor.
In presenting the motion, Obuzor highlighted Nigeria’s vast but underutilized mineral wealth. He noted that while mining contributed significantly to the economy in the mid-20th century—accounting for up to 5% of GDP—its role has diminished to less than 0.8% due to the dominance of the oil and gas sector.
According to Obizor, Well-monitored lithium mining can create jobs for indigenous people in the community. The financial contribution from lithium mining can increase internally generated revenue.
Nigeria can tap into the global lithium market, valued at $37.8 billion in 2022, projected to grow significantly.
The Ministry of Solid Minerals Development is expected to implement these resolutions, building on existing roadmaps for the growth and development of Nigeria’s mining industry. By developing its lithium mining infrastructure and value chain, Nigeria can unlock its potential for sustainable economic growth and become a major player in the global clean energy transition.
