It was reported yesterday that Chinese nationals are digging in Nigerian mines, stealing whatever Lithium deposits they can find and smuggling it back home to fuel their industries.

Given the metal’s high price on the international market and its importance in the production of batteries that will power the next generation of electric products, including electric cars, the government must intervene before it is too late.

Miners under the umbrella of the Miners Association of Nigeria had made an impassioned plea to the government to stop Chinese miners “scavenging” for Lithium, claiming that their activities would endanger the economy in the long run.

A look at the Lithium market eliminates the miners’ concerns and demands:

According to Fortune Business Insights, the global lithium market is worth $3.83 billion in 2021 and is expected to double to USD 6.62 billion by 2028 at an 8.1% CAGR. This is more than the more familiar metal, silver, which was valued at USD 182.1 billion in 2019 by Grand View Research and is expected to grow at a compound annual growth rate (CAGR) of 9.0% in terms of revenue from 2020 to 2027.

Given that exploitation of lithium has the potential to add to the economy, particularly when value addition is done, the government should act quickly to end total control of these mines, as well as mines for other minerals across the country. Licenses for exploitation should be accompanied by conditions, such as the requirement to process these raw metals into by-products in Nigeria and fully control the export of these products by local regulators.

The government is well aware of this; it was recently reported that the Minister of Mines and Steel Development, Olamilekan Adegbite, stated at a summit titled “Leveraging Future Minerals for Sustainable Development,” that a Tesla representative approached him at a summit in Saudi Arabia and expressed interest in obtaining lithium from Nigeria, but he declined.

SOURCE:https://brandspurng.com/2022/09/05/fg-stop-china-from-illegally-taking-of-nigerias-lithium/

I think a synergy should be created ASAP for knowledge/economic transfer between the two countries for Nigeria to be on a safer side in the future, for better and maximum exploitation of the said mineral at the right time.

Nigeria mumu won't allow them to stop

Hmmmm
Nigeria's natural resources have been up for stealing since the 1914 amalgamation of the southern and northern protectorate of Nigeria.
Nothing has changed since then.

Nigerians don't understand what lithium is used for

Bad Leadership is a curse

Imagine you telling buhari about lithium instead of grazing routes.
Awa mumu still long aswearugad.
I'd love to hear what the people aspiring to be president of Nigeria have to say about our solid minerals.

Imagine this impunity if true. Anyway, the clueless sitting government of Buhari have mortgaged Nigeria into chronic financial indebtedness to China. Who knows why this desperation by China.

At least, the Chinese are using it to develop their own industries and country. If left to the Nigerians, the politicians would loot it into their pockets. No benefits whatsoever to the country or humanity. Isn't it better utilized by the Chinese? What benefits has Nigeria gotten from oil?

Only God knows what this APC govt is signing with China just to get money, I don't trust them

The FG is aware o.
Part of deals made to offset nigeria debts to china, more exploration is underway just wait and see...

Only Peter Obi can stop this menace. He has no time to think about grazing routes.

So contribute and vote for him