Governor Abdullahi Sule of Nasarawa State credits the surge in private investment interest to the state’s proactive measures in fostering a conducive business environment.
During the inauguration of a 4,000 metric tonnes per day lithium processing factory by Avatar New Energy Materials Company Limited, Governor Sule emphasized the collaborative efforts with the federal government and local communities to facilitate such projects.
Notable investors, including Canmax Technologies and Diamond Energy, showcased their commitment to Nasarawa’s mining sector, with potential investments totaling $200 million for additional lithium processing plants.
President Tinubu lauded the partnership, highlighting its alignment with Nigeria’s diversification agenda and the potential socioeconomic benefits, especially for youth employment and technology advancement.
The event also featured Minister Alake’s emphasis on value addition and the government’s stance on prioritizing local beneficiation plans for mining licenses.
Avatar New Energy Materials Company Limited affirmed its substantial investment plans in Nigeria, projecting significant employment opportunities and revenue generation.
Senator Wadada commended Nasarawa’s proactive approach in fostering private sector-led economic growth, echoing the importance of diversification for sustainable development.
The successful commissioning of the lithium processing plant signifies a milestone in Nasarawa’s mining sector, reflecting the state’s commitment to economic diversification and sustainable development.
