The Federal Government of Nigeria has unveiled plans to establish an indigenous lithium battery factory.
The announcement was made by Minister of Science and Technology, Uche Nnaji, during an official visit to the Technology Incubation Centre in Agege, Lagos, on Thursday.
During his visit, Minister Nnaji expressed appreciation for the incubation of industrialists at the center, highlighting the training and support provided to over 1,000 individuals, resulting in the emergence of successful entrepreneurs. He emphasized the commitment of President Bola Tinubu’s Renewed Hope Agenda to achieving more and the collective efforts of all ministers in driving job creation and development.
The minister further revealed that Nigeria is embarking on the establishment of a lithium battery factory, putting an end to the practice of other countries extracting raw lithium from Nigeria, manufacturing it abroad, and then importing finished products. Plans are underway not only for a lithium processing factory but also for a lithium repurposing factory, which will ensure that Nigeria maximizes the value of its lithium resources.
During the visit, various business groups, including the Nigeria Association of Small-Scale Industrialists and the Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture, were present, showcasing their support for the government’s initiative.
Minister Nnaji also shared the President’s plans to establish a Research and Development Fund, aimed at supporting technology experts and researchers in advancing their work. This fund will be crucial in driving innovation and overall economic development.
Highlighting the importance of the Ministry of Science and Technology, the minister emphasized the commitment of the government to generating power and leveraging solar energy. He mentioned discussions held during a recent visit to the Abuja Technology Village, where plans were made to transform it into a global technology city comparable to Silicon Valley.
The Director-General of the National Board for Technology Incubation, Patricia Chukwu, applauded the Technology Incubation Centre in Lagos, stating that it serves as a hub for nurturing and empowering bright minds. Chukwu emphasized the role of technology in addressing critical issues such as climate change, health concerns, and digital connectivity, noting its potential in various fields including artificial intelligence, renewable energy, biotechnology, and blockchain.
With these developments, Nigeria is poised to establish itself as a key player in the manufacturing and technological advancement of lithium batteries, driving economic growth and innovation in the country.