Stakeholders push to end Nigeria's raw mineral exports as energy transition accelerates
Nigerian stakeholders are advocating for a shift from exporting raw minerals to domestic processing to boost industrialization. The initiative aims to capture more economic value from critical minerals like lithium and cobalt during the global energy transition.
Why it matters
This reflects a growing trend in resource-rich nations seeking to move up the value chain rather than remaining raw material exporters.
Stakeholders push to end Nigeria's raw mineral exports as energy transition accelerates - Businessday NG
Stakeholders push to end Nigeria’s raw mineral exports as energy transition accelerates
Stakeholders in Nigeria’s energy and solid minerals sectors are escalating calls for a decisive policy shift from raw material extraction to domestic processing, warning that the country risks missing out on the massive economic gains of the global energy transition if it continues to export unprocessed critical minerals like lithium, copper, and cobalt.
The consensus emerged at a high-level strategic convening in Abuja organized by the National Council for Climate Change (NCCC), with technical and financial backing from the Africa Policy Research Institute (APRI) and the Ford Foundation. Themed “Advancing Nigeria’s Green Industrialisation Through Critical Minerals,” the meeting brought together public sector leaders, development partners, and private sector actors to chart a sustainable roadmap for the country’s energy transition assets.
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