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Reps Urge Creation of Lithium Industry Roadmap

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By Gloria Ikibah

The House of Representatives wants a comprehensive roadmap to develop Nigeria’s lithium mining infrastructure, as its emphasised the need for clear regulatory and legal frameworks to establish a strong lithium value chain policy, linking mining approvals to investments in downstream and midstream segments.

The House also urged the Ministry of Solid Minerals Development to set up the Nigerian Lithium Production Agency, as outlined in Part II, Section 4(P) of the Nigerian Minerals and Mining Act 2007. This agency would oversee the creation of a vertically integrated lithium industry.

Additionally, the House called for increased funding for the Nigerian Geological Survey Agency (NGSA). This would enable detailed mapping and high-resolution surveys to determine Nigeria’s lithium deposit potential accurately.

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These recommendations was sequel to the adoption of  a motionton the, “Need to Upscale the Lithium Industry and Value Chain as a Catalyst to Drive Energy Sufficiency and Economic Growth”, by Rep. Victor Obuzor, on Wednesday at plenary.

Rep. Obuzor highlighted that Nigeria possesses vast mineral resources, including lithium, but the mining sector remains underdeveloped. “Mining contributed significantly to the economy in the early 1900s, peaking in the 1950s at about 4–5% of GDP. Today, it contributes less than 0.8%,” he noted.

He explained that lithium, a key component in energy-dense batteries used for clean energy solutions, is essential for global energy transition. “These batteries store more energy per volume, making them ideal for portable devices and grid storage,” he said.

The House observed that while exploration under the National Integrated Mineral Exploration Project (NIMEP) has uncovered significant lithium-bearing minerals in states like Nasarawa, Kogi, Ekiti, and Plateau, there is still no clear estimate of the country’s reserves.

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“It is concerning that despite a $700 billion mining potential, lithium exploration in Nigeria is poorly funded. Challenges in project design and implementation have hindered progress,” they added.

The House noted that the price of high-quality lithium carbonate has surged, from $5,180 in 2010 to $46,000 in 2023, making previously overlooked deposits profitable. With global demand expected to rise 13 times by 2040, Nigeria risks repeating past mistakes in the oil and gas sector by focusing solely on upstream operations and neglecting downstream opportunities.

According to the NGSA, some exploratory samples in Nigeria showed up to 13% lithium oxide content—far higher than the global average of 1–2%. However, the Solid Minerals Development Fund (SMDF), created to encourage private sector investments in mining, has yet to make significant investments in lithium mining.

The House emphasized the urgent need to harness this potential for economic growth and energy security.

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Ex SGF Babachir reveals what Buhari told him about Tinubu before his demise

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Former Secretary to the Government of the Federation, Babachir Lawal has shared details of a private conversation he had with late President Muhammadu Buhari about his political ties and disagreements involving President Bola Ahmed Tinubu.

Recall that Lawal spoke in an interview on Channels Television, where he said the conversation happened shortly before Buhari’s death.

He explained that Buhari warned him about possible political disagreements that could come up between him and Tinubu in the future.

According to him, the late president said such situations were likely but should be handled carefully.

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He said Buhari advised that any clash in political views should remain focused on governance and public issues.

The former president, he added, made it clear that personal attacks should be avoided, and discussions should remain centered on national matters rather than personal matters.

Lawal said he accepted the advice and made a promise to follow it. He explained that since then, he has tried to keep his public comments about Tinubu within political issues only, without bringing in personal matters.

He added that Buhari told him he might end up in political disagreement with someone he considered a friend, but he should avoid turning it into something personal. Lawal said he agreed to that guidance at the time and has tried to respect it in his political activities.

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Quoting his exchange with Buhari, Lawal said the late president told him, “You are going to fight your friend politically; please promise me you will not go personal with your fight.”

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BREAKING! APC 2027: ‘Consensus Ticket Requires Consent of All Aspirants’ Says National Chair

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The National Chairman of the All Progressives Congress (APC) has stated that the party can only adopt a consensus candidate where all aspirants voluntarily agree to the arrangement.

Speaking on the party’s nomination process, the chairman emphasized that consensus candidacy is not imposed but must be the product of mutual consent among all contenders seeking the ticket.

In a statement, the chairman clarified that any consensus candidate must have backing of all the contenders.

— Prof. Nentawe

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NCC, CBN sign pact to strengthen consumer protection, curb fraud

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The Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding to boost consumer protection.

NCC spokesperson, Nnenna Ukoha, disclosed this in a statement on Monday in Abuja.

She said the agreement would also combat fraud across telecommunications and financial sectors.
Ukoha said the MoU was formalised alongside inauguration of joint committees on payment systems, consumer protection, and the Telecoms Identity Risk Management System portal.

NCC Executive Vice Chairman, Aminu Maida, said the pact provided a framework for collaboration on payment integrity, fraud mitigation, digital inclusion, and consumer protection.
He said the initiative would deliver outcomes that strengthen trust, deepen inclusion, and support a secure digital economy.
Maida described the signing as a milestone, reflecting both institutions’ commitment to financial stability and consumer protection in an interconnected ecosystem.

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“The Commission places significant importance on collaboration. Many milestones in addressing industry challenges came through strategic partnerships,” he said.

He recalled NCC and CBN intervention in resolving the USSD debt impasse, restoring confidence among consumers, telecom operators, and financial institutions.

According to him, the MoU will promote secure digital payments and expand access to underserved populations and small businesses.

Maida said the TIRMS portal would help curb electronic fraud by offering real-time insights into phone number status.
“This includes whether a line is active, swapped, disconnected, reassigned, or flagged for suspicious activity.

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“This will significantly improve financial institutions’ ability to combat phone-linked fraud,” he said.
He said the collaboration would also ensure prompt resolution of consumer complaints, including failed airtime recharges.

CBN Governor, Olayemi Cardoso, said the MoU would improve coordination on approvals, standards, and innovation, including sandbox testing.
Cardoso reaffirmed the bank’s commitment to building a safer, more resilient, and inclusive digital financial system.

“Going forward, the Central Bank remains committed to working with the Commission to protect consumers and strengthen trust in the digital economy,” he said.
He inaugurated the joint committees, noting they would prioritise consumer protection and fraud prevention.

The initiative is expected to boost confidence while addressing risks in converging telecoms and financial services.

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