Nigeria Has Enough Minerals To Power Electric Vehicles – Minister Of Mines & Steel
Olamilekan Adegbite, the Minister of Mines and Steel Development, has stated that Nigeria has “the mineral of the future” that can power electric cars and phones.
According to a ministry statement, Adegbite stated this to international investors during one of the investor forums at the Mining Conference in Riyadh, Saudi Arabia.
“The Minister of Mines and Steel Development, Olamilekan Adegbite, said to a hall full of international investors that Nigeria has the mineral of the future that can power electric cars and phones,” according to the statement.
The minister urged investors to invest in Nigeria’s mining sector, which he described as one of the most investor-friendly in the world.
He stated that some major mining companies have expressed interest in the Nigerian mining sector.
According to him, Nigeria plans to auction off mining rights to some strategic minerals later this year.
“Through the upgrade, automation, and decentralisation of the Mining Cadastre Office, we have strengthened governance and transparency in the sector and provided assurance to investors,” Adegbite said. We are improving access to important geological information for investors and the general public by establishing a Nigeria Geo-Data Centre at the Nigerian Geological Survey Agency.