{"id":134778,"date":"2022-01-15T08:22:46","date_gmt":"2022-01-15T07:22:46","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=134778"},"modified":"2022-01-15T08:22:46","modified_gmt":"2022-01-15T07:22:46","slug":"minister-nigeria-has-mineral-to-power-electric-cars-phones","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/01\/15\/minister-nigeria-has-mineral-to-power-electric-cars-phones\/","title":{"rendered":"Minister: Nigeria has mineral to power electric cars, phones"},"content":{"rendered":"<p data-amp-original-style=\"text-align: justify;\">Olamilekan Adegbite, the Minister of Mines and Steel Development has stated that Nigeria has what it called &#8220;the mineral of the future&#8221; that can power electric cars and phones.<\/p>\n<p data-amp-original-style=\"text-align: justify;\">This was stated by Adegbite to international investors during one of the investors\u2019 forums at the Mining Conference in Riyadh Saudi<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">The statement released by the ministry said, \u201cThe Minister of Mines and Steel Development, Olamilekan Adegbite, while speaking to a hall full of international investors, said that Nigeria has the mineral of the future that can power electric cars and phones.\u201d<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">The minister urged the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/01\/01\/ngx-stock-market-investors-gained-n1-24-trillion-in-2021\/\">investors<\/a> to engage in the Nigerian mining sector, describing it as one of the most investor-friendly in the world.<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">He said some major mining companies started showing interest in the Nigerian mining sector.<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">According to him, Nigeria intends to auction rights to mine some strategic minerals later this year.<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">Adegbite said, \u201cWe have strengthened governance and transparency in the sector and provided assurance to investors through the upgrade, automation, and decentralisation of the Mining Cadastre Office. We are improving the connectivity between investors and the public with important geological information through the establishment of a Nigeria Geo-Data Centre at the Nigerian Geological Survey Agency.<\/p>\n<p data-amp-original-style=\"text-align: justify;\">\u201cAs we deepen our efforts to revitalise the mining sector, we are doing so with lessons learnt from a half-century of resource extraction. We recognise, for instance, that it is not enough to seek investments merely for the sake of exploitation and extraction.<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">\u201cRather than writing this new chapter of economic growth, our aim is to develop local industries, generate employment, and focus on resource beneficiation to create wealth along the mineral value chain.\u201d<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">The minister said the Federal Government had invested $50m to explore gold, lithium, and several other metals.<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">\u201cTo date, the country has discovered over 44 minerals occurring in commercial quantities across the 36 states and the federal capital Territory. These include gold, lithium, copper, cobalt, oxide, amongst others,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Olamilekan Adegbite, the Minister of Mines and Steel Development has stated that Nigeria has what it called &#8220;the mineral of the future&#8221; that can power electric cars and phones. This was stated by Adegbite to international investors during one of the investors\u2019 forums at the Mining Conference in Riyadh Saudi The statement released by the [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":134789,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[27597,191,27599,27598,2828],"class_list":["post-134778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-electric-cars-and-phones","tag-investors","tag-nigeria-geo-data-centre","tag-nigeria-mining-sector","tag-olamilekan-adegbite"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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