“Since September 2023, when this administration assumed office, Chinese companies such as Canmax Technology, Jiuling Lithium, Avatar New Energy Nigeria Company, and Asba have invested over $1.3 billion in lithium processing,” Alake stated in a press briefing released by his media aide, Segun Tomori.
According to the minister, these investments are reducing Nigeria’s dependence on oil, driving economic diversification, and fostering technology transfer and skills development among Nigerian engineers.
“Joint ventures between Chinese and Nigerian companies enhance local capabilities and create new technical jobs for our people,” he added.
Building a continental mining renaissance
Alake, who also serves as Chairman of the Africa Minerals Strategy Group (AMSG), stressed that Africa must collaborate to establish unified standards and knowledge systems that enable the continent to benefit from its rich mineral deposits fully.
He disclosed that Nigeria has undertaken sweeping reforms to attract investors, including the creation of Mining Marshals and a satellite monitoring system to combat illegal mining and protect licensed operators.
The minister also cited the introduction of technology-based tools such as the Electronic Mining Cadastre (eMC+) and the Nigerian Mineral Resources Decision System (NMRDS), which streamline licensing and mineral data management.
Alake, who also serves as Chairman of the Africa Minerals Strategy Group (AMSG), stressed that Africa must collaborate to establish unified standards and knowledge systems that enable the continent to benefit from its rich mineral deposits fully.
He disclosed that Nigeria has undertaken sweeping reforms to attract investors, including the creation of Mining Marshals and a satellite monitoring system to combat illegal mining and protect licensed operators.
The minister also cited the introduction of technology-based tools such as the Electronic Mining Cadastre (eMC+) and the Nigerian Mineral Resources Decision System (NMRDS), which streamline licensing and mineral data management.
Africa’s green value chain vision
Alake reaffirmed that Nigeria’s goal extends beyond mineral extraction. “Our vision is not only to extract minerals but to build a globally competitive value chain that supports clean energy transition, job creation, and industrial growth—all within the framework of responsible mining,” he said.
He further invited investors and partners to explore opportunities in Nigeria’s lithium, gold, lead-zinc, barite, and rare earth sectors, promising a conducive business climate and incentives for shared prosperity.
With over $1.3 billion already flowing into its lithium ecosystem, Nigeria is emerging as one of Africa’s new frontiers for green mineral investment, signaling a broader continental shift toward resource-based industrialization and sustainable growth.
Alake reaffirmed that Nigeria’s goal extends beyond mineral extraction. “Our vision is not only to extract minerals but to build a globally competitive value chain that supports clean energy transition, job creation, and industrial growth—all within the framework of responsible mining,” he said.
He further invited investors and partners to explore opportunities in Nigeria’s lithium, gold, lead-zinc, barite, and rare earth sectors, promising a conducive business climate and incentives for shared prosperity.
With over $1.3 billion already flowing into its lithium ecosystem, Nigeria is emerging as one of Africa’s new frontiers for green mineral investment, signaling a broader continental shift toward resource-based industrialization and sustainable growth.
By Segun Adeyemi, Business Insider Africa
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