Nigeria has taken a major step toward becoming a regional minerals-processing powerhouse with the launch of a high-purity gold refinery in Lagos and the near-commissioning of a $600 million lithium processing plant in Nasarawa State.
Announced by Solid Minerals Development Minister Dele Alake, the projects signal a clear shift away from exporting raw minerals toward value-added production. Three additional gold refineries are also in development, a move expected to curb illegal exports, improve traceability, and boost investor confidence.
The lithium plant is set to feed global battery and renewable energy supply chains, aligning Nigeria with the green energy transition.
By prioritizing value addition, Nigeria aims to strengthen its economy and attract significant international investment in its solid minerals sector, marking a new chapter for industrial growth.
ENTEBBE, Uganda, 27 October 2026 -/African Media Agency(AMA)/ - When nine-year-old James Ssemambo developed severe…
International Space Station’s use of tabular AI and expanded partnerships demonstrate the art of the…
UNICEF says a conditional deal could lower the RTS,S malaria vaccine price by about 40%…
An African Development Bank report points to faster growth while warning that Zambia still faces…
A partnership backed by a $1 million grant is mapping skills demand and planning local…
The financing is designed to cushion energy costs while supporting Botswana’s private-sector and jobs reforms.