I Declined Tesla's Offer To Get Raw Materials From Nigeria - Minister Olamilekan Adegbite

Date: 12-08-2022 1:08 pm (1 month ago) | Author: Bayo Nelson
- at 12-08-2022 01:08 PM (1 month ago)
Online (m)

Adegbite revealed that the electric car company offered to get lithium from Nigeria, which is one of the components of an electric car battery. Speaking at a summit titled, “Leveraging Future Minerals for Sustainable Development”, Adegbite said a Tesla representative approached him at a summit in Saudi Arabia and showed interest in getting Lithium from Nigeria but he rejected the bid and asked Tesla to set up battery industry in Nigeria. Adegbite who revealed that mineral demand from electric vehicles and battery storage is predicted to grow 10 to 30 times by 2040, further stated that establishing the battery industry would improve the value chain of mineral exploration in Nigeria.

According to him, it is speculated that electric vehicles and battery storage would account for about half of the energy minerals demand over the next two decades, and this has spurred increasing demand for battery materials.

He said “Nigeria is richly endowed with critical minerals. Lithium and tantalum are found in parts of the extensive pegmatite belts of Nigeria.” Also pointing out that future minerals are the metallic or non-metallic elements essential for the growth and functions of modern technologies, he noted that many nations are aggressively initiating policies and strategic models to ensure the accelerated development of the critical energy minerals.

Adegbite recalled that the U.S Senate had in July passed an act with incentives for developing critical minerals, adding that Australia is also considering investment packages to stimulate exploration. The Minister also said China also stepped up imports from developing nations to bolster critical minerals stockpiles.

Posted: at 12-08-2022 01:08 PM (1 month ago) | Hero
- constigoldo at 12-08-2022 01:57 PM (1 month ago)
Good one
Posted: at 12-08-2022 01:57 PM (1 month ago) | Hero
- gogoman at 12-08-2022 02:06 PM (1 month ago)
Do you have electricity for a factory to be set up....... Roll Eyes Roll Eyes Roll Eyes
Posted: at 12-08-2022 02:06 PM (1 month ago) | Addicted Hero
- ficull at 12-08-2022 03:15 PM (1 month ago)
Ok, but don’t go for back to give the same rights to the Chinese without having them set up battery factory in Nigeria.
Posted: at 12-08-2022 03:15 PM (1 month ago) | Gistmaniac
- nikiniki at 12-08-2022 03:35 PM (1 month ago)
liar, all lies to remain relevant. gives licence to indians and chinese
Posted: at 12-08-2022 03:35 PM (1 month ago) | Gistmaniac


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