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.
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