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FGN Assures Qattari Investors Of Adequate Data On Lithium

News Editor by News Editor
March 4, 2024
in Business
0
FGN Assures Qattari Investors Of Adequate Data On Lithium

Nigeria's Minister of Solid Minerals (2nd right) flanked by two Qatar officials and the Executive Secretary, SMDF, Hajiya Fatima Shinkafi on the sidelines of President Tinubu's visit to the Arab country.

By ABAH SUNDAY, Abuja

The Federal Government of Nigeria (FGN) has assured Qatari business community that Comprehensive data on the pattern and quantity of the energy mineral – lithium are available at the Nigerian Geological Survey Agency (NGSA) for those who might want to invest in the critical mineral, especially by establishing lithium companies in Nigeria.

Minister of Solid Minerals Development Dr Oladele Alake made the disclosure in Doha, Qatar at the weekend during a meeting with Qatari businessmen on the sidelines of the visit of President Bola Ahmed Tinubu to the Arab country, according to a statement signed by his aide, Kehinde Bamigbetan.

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Responding to enquires on the quality of Nigerian lithium by Qatari business mogul Sheikh Shahid Jawad at the meeting, Alake said mineral exploration initiated by the federal government has identified locations where lithium occurs in commercial quantities in high grades.

He recalled that on a visit to Australia, he was presented with samples of rock composites from Nigeria with high grade lithium content confirmed by laboratory analysis, a development he said proved that the quality of Nigerian lithium has been recognised by the global mining community.

Encouraging Qatari businessmen to visit the country and witness the immense opportunities in mining, Alake said the Nigerian government has put in place generous, investor- friendly policies to facilitate business.

Also speaking at the event, the Executive Secretary of Solid Minerals Development Fund0, Mrs Fatimah Shinkafi, urged investors to explore opportunities in mining infrastructures.

Giving the example of Vale, a mining company in Brazil that invested in trains to ease the transportation of minerals from the mines to the processing towns, Shinkafi said while the government will continue to provide transportation facilities to the Mines, mining companies that recognise the significance of transportation to their future cost control will invest wisely by supplementing government’s efforts.

Also giving the Minister the update of its activities in the Mining sector, the Vice- chairman of the Qatar- Nigerian Chamber of Business, Muhammed Santuraki, said the chamber was formed in 2017 to build business relations between both countries.

Recalling a recent visit to a gold mine in Nasarawa State, Santuraki commended the existence of good roads for the haulage of minerals to the ports.

Other businessmen at the top- level meeting weŕe Sheikh El Jouneid, Chief Executive Officer, ETCC Qatar and Aminu Dahiru, chairman, Asdub Oil & Gas.

 

Tags: DohaETCC QatarNasarawa StateNGSANigerian Geological Survey Agency NGSASolid Minerals Development Fund
News Editor

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SUMMIT POST (www.summitpostnews.com) is an Online news medium, powered by Highland Media Ltd. We publish a wide range of content, including Politics, Business, Sports and Entertainment on and about Nigeria, Africa and beyond. Follow us on social media for all the latest news and analysis. Contact us: WhatsApp: +234-803-209-6072; Call: +234-705-252-6124 Email: summitpostnigeria@gmail.com

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SUMMIT POST NEWS (www.summitpostnews.com) is an Online news medium, powered by Highland Media Ltd. We publish a wide range of content, including Politics, Business, Sports and Entertainment on and about Nigeria, Africa and beyond. Follow us on social media for all the latest news and analysis. Contact us: WhatsApp & Calls ‪+234-803-209-6072‬, ‪+234-705-252-6124‬: Email: summitpostnigeria@gmail.com

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