Rosatom, one of Europe’s largest nuclear energy companies, has officially begun its exploration for lithium in Edo State, Nigeria, with the aim of building a lithium processing facility. This marks a significant step in the country’s growing role in the global lithium market.
The Edo State Government has granted Rosatom the necessary approval to establish the processing plant, a development that could bolster Nigeria’s position in the global energy and technology sectors. According to the Commissioner for Mining and Energy, Hon. Enaholo Ojiefoh, the company’s team has been operating in Edo since October 2023, working diligently on their exploration and data collection activities.
“We have provided land for Rosatom to set up a lithium processing plant, which is expected to begin production of lithium batteries in the near future,” Ojiefoh announced during an interview in Benin City. The establishment of this plant is part of a broader strategy to promote the state’s solid mineral industry, with at least three multinational companies currently constructing similar plants in the region.
This influx of international companies indicates that Edo’s mineral market is maturing, attracting more attention from foreign investors and governments. In fact, several other Nigerian states have expressed interest in Edo’s approach and have requested access to the state’s masterplan to help boost their own mining sectors.
The lithium exploration and processing project holds numerous potential benefits for the local economy, including job creation and the development of technical skills among the state’s workforce. Moreover, the project will contribute to the Nigerian economy by reducing the country’s reliance on imported lithium batteries while boosting exports, thus generating foreign exchange revenue.
Lithium, particularly in the form of lithium-ion (Li-ion) batteries, is a key component in the production of portable electronics, electric vehicles, and energy storage systems. Li-ion batteries are known for their high energy density, efficiency, and long lifespan, making them essential for both consumer products and large-scale applications like grid energy storage and electric vehicles.
The growing demand for lithium-ion batteries has been a driving force behind the so-called “e-mobility revolution,” which is transforming industries globally. From smartphones to electric cars, lithium-ion batteries have become indispensable in powering the modern world. Their efficiency has improved dramatically since their introduction in 1991, with significant reductions in cost and increases in energy density over the past three decades.
This project not only positions Edo State as a key player in the global lithium supply chain but also plays a crucial role in Nigeria’s broader economic diversification efforts, particularly in renewable energy and technology sectors.
