In a strategic move aimed at fostering economic development and promoting sustainable energy solutions, the Edo State Government has invited global investors to explore opportunities in lithium mining and battery production within the state. This initiative aligns with the state’s commitment to capitalizing on its abundant mineral resources, particularly lithium, which is essential in the production of rechargeable batteries for electric vehicles and other technological applications.
The invitation came during a meeting held in Benin City, the capital of Edo State, where representatives from Renera Rosatom Energy Corporation were received by the Edo State Ministry of Mining and Energy. During the session, the Director of Mining in Edo State, Mr. Omoruyi Ihianle, presented the state’s vision and initiatives aimed at developing the mining sector. He highlighted the government’s efforts, under the leadership of Governor Godwin Obaseki, to enhance the state’s mining infrastructure and create a more investor-friendly environment.
“Recognizing the importance of the mining sector to our economic future, we have created a Special Purpose Vehicle (SPV) to streamline investments and ensure mutual benefits for both the state and its investors,” said Mr. Ihianle. The Edo State Mining and Investment Company Ltd. (ESMIC), established as part of this initiative, is designed to provide vital support to mining enterprises in the region and promote the sustainable extraction of minerals using environmentally responsible practices.
In his remarks, the Edo State Commissioner for Mining and Energy, Hon. Ojiefoh Enaholo, emphasized the state’s strategic location, which offers a unique logistical advantage. Edo State serves as a vital connector to other regions of Nigeria, making it an ideal hub for mining activities. “Edo is the heartbeat of Nigeria,” Enaholo noted. “Anyone traveling across the country will pass through Edo State, which makes it exceptionally well-positioned for both local and international trade.”
Hon. Enaholo also spoke about the ongoing construction of the first-ever solid mineral processing and trading center in the state, including an analysis lab set to be operational by December 2024. This facility will allow the government to better understand the composition and market value of its minerals, ensuring that the state’s mineral wealth is maximized for economic development.
In his closing remarks, the Commissioner stressed that the state was committed to supporting investors and creating a secure environment for their operations. “We are here to protect your investments and ensure that you feel secure in all your business endeavors in Edo State,” he said.
Mr. Andrey Mineev, Vice President of Uranium One, spoke on behalf of the international delegation, expressing appreciation for the warm reception and the readiness to begin the partnership. He acknowledged the potential of Edo State’s resources and conveyed the company’s eagerness to contribute to the development of the lithium mining and battery production industries.
Additionally, Mrs. Ese Martina Omoruyi, Permanent Secretary of the Ministry of Mining and Energy, assured investors that the state government would provide full support to ensure their success in Edo. “We are committed to helping you thrive in Edo State, and we welcome you to our business-friendly environment,” she said.
This initiative is poised to position Edo State as a key player in Nigeria’s mining sector, opening doors for international investments and helping to diversify the state’s economy. With lithium being a crucial component in global energy transformation, the state’s focus on lithium mining and battery production is expected to bring significant economic benefits, including job creation, infrastructure development, and sustainable industrial growth.
