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Minister of Mines and Steel Development declined Tesla’s offer to get raw materials from Nigeria


Minister of Mines and Steel Development, Olamilekan Adegbite  said Tesla offered to get lithium from Nigeria, but he declined.

lithium is one of the components of an electric car battery.

The minister said:

''Nigeria is richly endowed with critical minerals. Lithium and tantalum are found in parts of the extensive pegmatite belts of Nigeria.'' 

Olamilekan Adegbite rejected the bid and asked Tesla to instead set up battery industry in Nigeria. Establishing the battery industry would improve the value chain of mineral exploration in Nigeria.

''countries are increasingly relying on rare earth elements and critical minerals to support their climate commitments.''

''The consequence of this major shift is a high demand for critical minerals for use in climate-friendly technologies.  The World Bank has estimated the demand for these minerals to triple by 2040.  Undoubtedly, the deployment of critical minerals for a clean energy transition will remain significantly intensive for a long time.''

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