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The UK by way of the British Deputy Prime Minister Oliver Dowden has indicated curiosity to associate with Nigeria on power minerals, akin to lithium.
Dowden additionally notified of his nation’s Nationwide Financial Safety Council curiosity on the unveiling of a complete funding package deal of the lithium worth chain, throughout a gathering with the Minister of Stable Minerals Growth, Oladele Alake, in London.
A press release by a Particular Adviser to the minister, Kehinde Bamigbetan, on Thursday, mentioned a complete funding package deal comprising the lithium worth chain was mentioned extensively.
Internet hosting the assembly, Dowden mentioned he chaired the British Nationwide Financial Safety Council, which was fascinated about partnership with Nigeria on power minerals, akin to lithium.
The British Deputy Prime Minister mentioned the assembly was to kick off dialogue between each international locations and that officers of the Division of Commerce and traders would sit right down to work out the main points of the partnership.
He urged Alake to convey his pleasure to welcome President Bola Tinubu to the African Summit scheduled to happen subsequent yr.
In his preliminary remarks, Alake mentioned Nigeria had giant deposits of minerals and able to associate traders from the UK, including that President Tinubu, because the chief marketer of Nigeria’s funding drive, would take into account the invitation positively.
The minister introduced that President Tinubu’s administration had launched worth addition as a precedence coverage within the sector.
“Our new coverage locations emphasis on native worth addition quite than export of uncooked minerals in order that the worth of our mineral merchandise can improve,” he mentioned.
“If Nigeria is just not doing properly, Britain ought to be involved. If Nigeria is doing properly, Britain can profit from the alternatives,” Alake informed Dowden.
The minister mentioned the Nigerian crew can be prepared to sit down down with their British counterparts to take the dialogue to the following degree.
Dowden hailed the Federal Authorities of Nigeria for its coverage on worth addition.
The British Deputy Prime Minister famous that going up the worth chain would create extra financial alternatives for the partnership between each international locations.
He highlighted the significance of the relations between each international locations, stressing that if the relations have been unhealthy, Britain wouldn’t be bothered with the provides.
“You’re proper on worth addition. If the processing then occurs inside a Third World Nation we’re snug with, that will be good,” Dowden mentioned.
Founder and associate of Carousel Bio-Power, promoters of the challenge, Jafar Hilali, briefed the assembly on his agency’s plans to intervene at each stage of the lithium worth chain resulting in the institution of a lithium battery manufacturing manufacturing unit.
Hilali promised to assemble a consortium of British firms in energy provide, infrastructure and lithium battery manufacturing with a projection to provide lithium battery-powered power buses for Nigeria’s home market.
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