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Tinubu Commissions Lithium Processing Factory in Nasarawa + Photos
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.
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.
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.
“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.
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:
The Federal Government has allocated a total of N6,364,181,224 billion for the renovation and rehabilitation of the residential quarters of President Bola Tinubu, Vice President Kashim Shettima, and some of their aides in the 2025 budget proposal.
Sunday PUNCH’s analysis of the proposed allocation, contained in the 2025 Appropriation Bill presented to the National Assembly, showed that the annual maintenance of the Presidential Villa would gulp N5.49bn.
According to the proposed budget, N765m will be used for the renovation of the Vice President’s quarters and guest house.
The renovation of the president’s quarters at the State House will cost N6.39m, while the renovation of security quarters, auditorium, gymnasium and presidential aides’ quarters will cost N49m.
In addition, the renovation of Prescott barracks at Maple State House officers’ mess building and signal office in Asokoro, Abuja will cost N51m.
Further analysis of the budget revealed that Tinubu and his vice are also expected to have N87m as honorarium and sitting allowances, while N127m was allocated for the procurement of SUVs.
Also, N3.66bn was budgeted for the purchase of State House operational vehicles and N1,09bn will be spent on replacement of SUV vehicles at the State House.
Under the budget of the State House Lagos Liaison Office, there is an allocation of N14.72m for the routine maintenance of State House Lagos facilities (Dodan Barracks, Vice President guest houses at Ikoyi, among others).
Another N140.10m was allocated for the completion of renovation and furnishing of the State House annex (Dodan Barracks), Lagos.
Meanwhile, the Federal Government is planning to spend N1.83bn on converting forfeited properties from the Economic and Financial Crimes Commission into State House quarters.
The plan to convert forfeited houses from the EFCC comes in the same month that the commission disclosed the recovery of an estate in the Lokogoma District of Abuja, measuring 150,500 square metres and containing 753 units of duplexes and other apartments.
The commission described this as its “single largest asset recovery” since its inception in 2003.
The estate rests on Plot 109 Cadastral Zone C09 of the district, and was forfeited in a ruling on Monday, December 2, 2024, by Justice Jude Onwuegbuzie.
(Punch)
WHEN we look at this month, USD was traded at ₦ at the beginning of this December on Monday, December 2, 2024. As at today with USD being traded at ₦1,655 we see a % for United States Dollar to Naira exchange rate for this month.
On this page, we are primarily focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market.
Black Market Exchange Rates
Buying Rate
Selling Rate
Dollar to Naira 1655 1640
Pounds to Naira 2150 2000
Euro to Naira 1730 1700
Canadian Dollar to Naira 1146 1135
Rand to Naira 52 43
Dirham to Naira 0 0
Yuan to Naira 62 62
G.Cedi to Nair 70 50
CFA F. (XOF) To Naira 0.83 0.81
CFA F. (XAF) To Naira 0.74 0.74
READ ALSO: INSIDE LIFE: 26-Year-Old Lady Died In Bangladesh With No One To Claim Her Body, She Is A Nigerian From Enugu (SEE PHOTO)
Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions.
Nairatoday.com
Passengers of a train plying the Warri-Itakpe route escaped death on Sunday as the train derailed at Okpara in the Ethiope East Local Government Area of Delta State.
It was gathered that the passengers were stranded following the incident that happened at about 10pm.
According to eyewitness accounts, some of the passengers got to their destinations on Monday morning.
“The incident happened at Okpara Station last night. They stole many people’s phones and other valuables when they slept at night,” a source said.
“It’s this morning that everybody began to find their way to their various destinations.”
The Nigerian Railway Corporation confirmed the incident in a statement by its spokesman, Yakub Mahmood on Monday.
Mahmood said the service will resume shortly, adding that a team of engineers is at the site of the incident to ensure the track is restored soon.
According to him, the train service will resume as scheduled on Monday afternoon.
The statement reads in part, “The management of the Nigerian Railway Corporation (NRC) hereby informs the general public, especially our valued passengers that ply the Warri-Itakpe route, that following the minor derailment yesterday at the Okpara station, the service will resume shortly as our team of engineers are at the site of the accident to ensure the track is restored anytime soon.
“However, Itakpe-Warri (Ujewu) train will resume as scheduled in the afternoon today.
“All inconveniences caused as a result of the minor derailment is highly regretted.”
Renovation: Tinubu, Shettima’s official quarters to gulp N6.36bn
SEE NAIRA Rates Against The USD, GBP, EURO Today December 23, 2024
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