lexylaw40:
Luring Elon Musk to set up Lithium Battery Plant in Nigeria
businesshilights.com.ngAug 21, 2023 8:39 AM

Lithium Ore
Nigeria recently discovered large deposits of lithium, an essential component for building batteries for electric cars, laptops and mobile devices.

It has been mentioned over time that Nasarawa State is one of the states with the highest quantity of lithium in the North Central part of Nigeria. There is also lithium in Kwara, Niger, and Kogi, but Nasarawa State has been so lucky to have the largest commercial quantity.

The price of lithium has risen from $6,000 per tonne in 2020 to $78,000 per tonne in 2022, and it is expected to be the most valuable mineral on earth by 2040. Additionally, Nigeria’s lithium is high-grade.

The new Minister of Mines & Steel Development, Alhaji Shuaibu Audu must be encouraged to succeed in that industry.


He needs to ensure the previous arrangement with Tesla CEO, Mr @elonmusk is brought back to the table. Tesla uses batteries for its electric cars and Lithium is the base material used for battery productions.

Elon Musk is a willing partner if the terms are right. The VP must do his best to make PEBEC work more efficiently and effectively for more investors to come in.

mrvitalis:

Why not give Ibeto loan to set up the factory since he already produce battery here

Why invite Elon musk that would kill the economy moore

He invest $500 million dollars take $200 million yearly for 30 years

Christistruth03:

Nigeria doesn't need Elon Musk

We can do it ourselves

Christistruth03:

Nigeria doesn't need Elon Musk

We can do it ourselves

Wodu89:



Have you done crude oil yourselves?

lexylaw40:
Elon musk coming to Nigeria will be a good advantage... as nothing is stopping ebeto and other Nigerian companies and individuals to raise found trough loans or other means to set up a mining site or a processing plant. I myself has been making enquiries about how much it will cost me to set up a processing plant.

mrvitalis:

Why not give Ibeto loan to set up the factory since he already produce battery here

Why invite Elon musk that would kill the economy moore

He invest $500 million dollars take $200 million yearly for 30 years

GeneralPula:

Did Ibeto seek for loan & got rejected?

Wodu89:



Have you done crude oil yourselves?

acorntree:

Do we have technical know how

Christistruth03:


Yes we used to do it ourselves

It was under Gen Abacha's mismanagement that it Collapsed

Wodu89:



We used to. Vain departed glory. You people should produce needles first

Christistruth03:


Yes we used to do it ourselves

It was under Gen Abacha's mismanagement that it Collapsed

mrvitalis:

Did Elon musk tell u he wants, to build factory in Nigeria?

lexylaw40:
Luring Elon Musk to set up Lithium Battery Plant in Nigeria
businesshilights.com.ngAug 21, 2023 8:39 AM

Lithium Ore
Nigeria recently discovered large deposits of lithium, an essential component for building batteries for electric cars, laptops and mobile devices.

It has been mentioned over time that Nasarawa State is one of the states with the highest quantity of lithium in the North Central part of Nigeria. There is also lithium in Kwara, Niger, and Kogi, but Nasarawa State has been so lucky to have the largest commercial quantity.

The price of lithium has risen from $6,000 per tonne in 2020 to $78,000 per tonne in 2022, and it is expected to be the most valuable mineral on earth by 2040. Additionally, Nigeria’s lithium is high-grade.

The new Minister of Mines & Steel Development, Alhaji Shuaibu Audu must be encouraged to succeed in that industry.


He needs to ensure the previous arrangement with Tesla CEO, Mr @elonmusk is brought back to the table. Tesla uses batteries for its electric cars and Lithium is the base material used for battery productions.

Elon Musk is a willing partner if the terms are right. The VP must do his best to make PEBEC work more efficiently and effectively for more investors to come in.

GeneralPula:

You said *Why not give Ibeto loans* Like Ibeto been requesting for loan without success..

So I’m asking you, did Ibeto requested for any loan and he was rejected?

If Ibeto is interested, why can’t he seek out for loans?

Christistruth03:



We will import those with the Technical know how and learn from them
But everything must be produced in Nigeria

Wodu89:



I was about saying the same thing. Why not even open the entire mining sector all at once and ensure restructuring so the nation taps into its vast resources and potentials at once. The fear of the freedom of the Niger deltan region and the hatred for the freedom of a section of the country is what binds the country together. Nothing more. Collective hatred

mrvitalis:

Why not give Ibeto loan to set up the factory since he already produce battery here

Why invite Elon musk that would kill the economy moore

He invest $500 million dollars take $200 million yearly for 30 years

surgical:
Don't mind our people both the leaders and the so called elites especially the economist among them they always adopt the wrong policies ,just copy and paste,without considering the peculiar situation of the country
What the guy is talking about is FDI but it has not always benefit Nigeria the way it benefits other countries, so your suggestion is the best approach, provided ibeto,is not a wicked monopolist like dangote
Saying your suggestion is right is because of the experience with 9mobile when it was Etisalat, when some investors came with little money to invest and latter used the company to borrow from our banks more than they invested and left, the same banks that will not support local investors
Same with India and Lebanese investors, they use our money to invest in our country
It's time we look inward and develop capacity of our people
That's the only way this country can move forward

lexylaw40:
don't mind those enemies of progress

LOVEALAIGBO:


You, accusing others of being 'enemies of progress'!? That's a bit rich coming from a known bigot and hateful person such as youself!

One thing i've noticed about your ilk is that you seem to take hatred against Ndigbo as 'normal and expected' of any true 'Nigerian'! It's like viewing Ndigbo as 'slaves' and a 'conquered' people to be ganged up against and held down in Nigeria by the Fulani and Yoruba....it's like this sentiment is embedded in your DNA and hence you see it as normal and expected of any true 'Nigerian'! This should be the starting point for anyone wondering and trying to analyse why you don't want to see ANY Igbo as president of Nigeria, and why you'd rather support a greedy, scheming and bigoted infirm old man with tons of baggage....one from a ethnicity and region that has ALREADY produced president/head-of-state in a country where others are yet to have a go!

acorntree:

Do we have technical know how