Connect with us

News

Tinubu Commissions Lithium Processing Factory in Nasarawa + Photos

Published

on

President Bola Ahmed Tinubu on Friday commissioned a Lithium processing factory built in Nasarawa State by a Chinese firm, Avatar New Energy Materials Company Limited.

The commissioning, which took place at Kama Otto in Nasarawa Local Government Area, was in collaboration with the Nasarawa State Government.
The President was represented at the occasion by the President of the Senate, Godswill Akpabio.

In attendance were the Nasarawa State Governor, Engr. Abdullahi Sule, his Kogi State counterpart, Governor Usman Ododo, Minister of Solid Minerals Development, Dele Alake, some Federal lawmakers, former leaders of the state and traditional rulers.

In his address, Tinubu said the commissioning of the Avatar New Energy Materials Company Limited was an example of a good partnership between the Federal Government, State and Investors.

Advertisement

The President said the establishment of the Lithium Company would not only create opportunities for the youth but would also position Nigeria as a key player in the global Lithium market.

This, he said, was in line with the government Renewed Hope Agenda of diversifying the nation’s economy by leveraging on the mining sector in order to expand the country’s sources of revenue for socio-economic development.

“Realising the benefits of Lithium and other mineral resources, our administration will continue to pay particular attention to the maximum utilisation of the product for the benefit of our people.

“While we appreciate this investment in the first phase, processing of Lithium, our goal is for investors to establish factories for the complete value chain processing of Lithium and all other minerals,” the President said.

Advertisement

Tinubu called on all Nigerians to support the policies of his government and urged local and international companies to patronise Avatar Company for the growth and prosperity of Nigeria.

The President also acknowledged the support of the people of Nasarawa during the last Presidential election.

He said: “Today, we are here to thank you, not just in words. We are thanking you with a massive project, the commissioning of the state-of-the art Lithium processing factory, the first in this state and one of the best in Africa.

“What does this mean to our people? Lithium is a critical component in the production of batteries for electric commodities.

Advertisement

“Our people have been using phones, vehicles and other appliances powered by Lithium batteries as consumers.

“For the first time in the history of our technology, we are becoming partners and partakers in the production value chain of this minerals. It is historic leap because we now have opportunities to know how it is done, to own and home the skills.”

Earlier, the Nasarawa State Governor, Abdullahi Sule said that they would not have been able to open the state for such investment without the support of President Tinubu and without the support of the local communities.

The Governor also appreciated the security agencies because, according to him, the site of the factory used to be a “no go area” on account of banditry activities but the area is now well secured.

Advertisement

In his remarks, the Minister of Solid Minerals Development, Dele Alake said what Avatar New Energy Materials Company did, with the commissioning of the factory, was to show that it is not only possible but also profitable.

“The feedback from our investment promotion and the increasing number of companies seeking to set up similar Lithium battery factories like this in our country are already multiplying. And this is encouraging us to make a case for strong protection of these Lithium battery companies from foreign competition,” Alake said.

See photos below:

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

The Top Five Strongest Currencies In The World (+Photos)

Published

on

By Ojomah Austin.

Currencies are one of the most important factors in the global economy and play a large role in determining trade agreements, as well as representing the strength and stability of varying nations.

There are over 180 currencies recognised worldwide by the United Nations as legal tender, all with varying strengths. The strongest currency globally doesn’t owe its value to its popularity or usage, but rather to its purchasing power.

Express.co.uk has looked into the strongest currencies of 2024 – and found that neither the British pound nor the US dollar top the list.

Advertisement

British Pound Currency Note (GBP)

5. British pound

The British pound comes in at fifth on the strongest currency list. First introduced in the 1400s and decimalised in 1971, the independent, free-floating currency is very strong.

The Gibraltar pound, which is ‘pegged’ to the British pound, also comes in at number 5, with the British territory introducing its currency in the 1920s.

Jordanian dinar Currency Note

4. Jordanian dinar

The Jordanian dinar is the fourth strongest currency in the world, with one dinar being valued at 1.07 Pound sterling, and £1 being worth 0.94 Jordanian Dinar.

The dinar entered circulation in Jordan in the 1950s. The land-locked country in the Middle East has an economy largely dependent on oil and gas exports, but also tourism, banking and pharmaceutical sectors.

Advertisement

Omani Rial Currency Note

3. Omani rial

Largely dependent on oil reserves, Oman’s prosperous economy has led to the nation having one of the world’s strongest currencies. The rial was introduced in Oman, which lies on the southeastern coast of the Arabian peninsula, in the 1970s.

One rial is worth 1.97 Pound sterling, and £1 is worth 0.51 Omani Rial.

Bahraini Dinar Currency Note

2. Bahraini Dinar

Another Middle-Eastern currency tops the charts, with the Bahraini Dinar being the second strongest currency in the world. The diversified economy of Bahrain contributes to its currency’s success, with strong oil, gas, finance and tourism industries.

The dinar was introduced in 1965, with 1 dinar being worth 2.01 Pound sterling, and £1 being worth 0.50 Bahraini Dinar.

Advertisement

Kuwaiti Dinar Currency Note

1. Kuwaiti Dinar

The strongest currency in the world is the Kuwaiti dinar. One dinar is equal to 2.48 Pound sterling, and £1 is equal to 0.40 Kuwaiti Dinar.

Kuwait, which is a country in the Middle East, introduced the dinar in 1961. The nation’s lucrative oil reserves can attest to its currency’s considerable economic strength, which lies in the Persian Gulf.

Continue Reading

News

FG shuts Eko Bridge, ramps for 8-week repairs

Published

on

The Federal Government has shut down the Eko Bridge and Ramps for eight weeks for essential asphalt resurfacing.

The Federal Controller of Works, Lagos, Mrs Olukorede Kesha, made this known in a statement on Saturday in Lagos.

Kesha said the Federal Ministry of Works plans essential asphalt resurfacing work on Eko Bridge and Ramps for eight weeks effective from Friday, September 20, by 7.00 a.m, through November 20.

According to her, due to the closure, there will be detours and alternate routes for drivers.

Advertisement

Providing information on how to navigate the area during the closure, she said motorists going to the Island from Funsho Williams Avenue, should use the service lane at Alaka to connect Costain and access Eko Bridge.

“The closure will be full at some sections of the bridge and partial at other sections.

“This critical project aims to improve road safety and enhance the driving experience of motorists.

“The work involves milling of the existing asphalt and relaying new asphalt on the bridge and Ramps. This will address wear and tear and ensure a smoother, safer roadway,” she added.

Advertisement
Continue Reading

News

‘Fraudster’ Arrested After Murder Attempt  On Hookup Girl In Abuja

Published

on

By Ojomah Austin.

 

A 30-year-old internet fraudster, known locally as a “Yahoo Boy,” have been apprehended while attempting to rob and potentially kill a hookup girl at an Abuja hotel, has confessed to luring and robbing four other victims he met through dating sites before being caught by a team from the Nigeria Security and Civil Defence Corps (NSCDC).

The suspect, Joseph Efe, who hails from Edo and Ondo States, was arrested at Top View Hotel in Wuse Zone 5, Abuja, as he attempted to flee after allegedly leaving his victim tied up in the hotel room.

Advertisement

FCT Commandant of the NSCDC, Olusola Odumosu, who paraded the suspect noted that Efe was apprehended following the officers’ keen observation.

“When he came out of the hotel premises allegedly to meet his accomplice, our officers noticed something was off and stopped him. He tried to escape, but we pursued and apprehended him, and on returning to the hotel, we found a young woman, Olivia Ijeoma Chukwuemeka, bound and gagged,” Odumosu explained.

According to the Commandant, Efe targeted women through dating platforms like Badoo, Tinder, and Insta Love, luring them to hotels with the intention of robbing them.

He met his latest victim, Olivia Ijeoma Chukwuemeka on a dating site – “Coded Runs” before luring her into the said hotel. ‘

Advertisement

Odumosu revealed that after conducting a thorough investigation, it was revealed that Efe had arrived in Abuja from Lagos on Tuesday, September 17, and had already victimised another woman at a different hotel, FAB, by Top Rank Hotel, adjacent Old Federal Secretariat, Area 1, where he managed to escape due to inadequate security.

Sadly, rather than retreat upon his escape, the adamant suspect then proceeded to Top View Hotel, checked in by 2:30am on Wednesday, September 18, 2024, where he invited his latest victim who arrived at 9am with a promise to pay her a N100,000.

Odumosu who urged hotel owners to prioritise the safety of their guests and to be vigilant against criminal activities occurring on their premises, emphasised that the NSCDC operates with professionalism and does not condone the release of unverified information to the media.

He emphasied that the video circulating on social media regarding the incident was not recorded or released by his team, which he described as highly professional.

Advertisement

“We are committed to performing our duties with diligence before taking any necessary steps to prosecute or transfer a suspect to the appropriate agency,” he stated.

According to him, the incident serves as a stark reminder of the dangers associated with online dating, highlighting the importance of caution and awareness among users.

The victim, a beautician from Enugu, shared her harrowing experience, stating, “He used my clothes, a cellotape and a pillowcase to tie me up and threatened to kill me with a poisonous injection if I didn’t comply.”

She recalled how he confiscated her Android phone and demanded access to her Opay mobile banking app. “He

Advertisement

was contemplating what to do next when, thankfully, I was rescued.”

In a separate case, the Commandant also presented another suspect, Usman Ibrahim, who was arrested for vandalising armored cables from a transformer at the Nigeria Atomic Energy Commission’s Nuclear Technology Centre in Sheda Village, Abuja.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News