Skf-Sil-Chairman-PRESENTATION-AT-the-10th-energy-submit-WPS-Office1-1.pdf

1、PRESENTATION AT 10TH NIGERIA ENERGY FORUM(NEF)2025 TUESDAY 8TH JULY,2025 IN LAGOS TITLED TRANSFORMING CRITICAL MINERALS PRODUCTION BY DR SANI ABDULLAHI SHINKAFI(CHAIRMAN SHINKAFI INVESTMENT LIMITED).INTRODUCTION:The Transforming Critical Minerals Production refers to initiatives and strategies aimed

2、 at increasing the production of critical minerals,which are essential for various technologies,including electric vehicles,renewable energy,and advanced electronics.These initiatives often focus on diversifying supply chains,developing domestic capabilities,and promoting sustainable and responsible

3、 sourcing of these minerals.Heres a breakdown of key aspects related to transforming critical minerals production:(1)Growing demand for critical minerals.(2)Supply Chain Diversification(3)Substainable and Responsible Production.(4)Government Strategies and Policies.(5)Techonological Advancements(6)I

4、nternational cooperation.(1.)Growing Demand:The demand for critical minerals is surging due to the growth of high-growth sectors like electric vehicles,renewable energy technologies,and digital technologies.Nigeria possesses critical minerals including Coal,Bitumen,lithium,cobalt,Iron ore,Limestone,

5、Barite,Gold,Lead-Zinc nickel,graphite,Copper,Chalcopyrite,Columbite,and rare earth elements.These critical minerals have been categorised into the following.(A)Industrial Minerals.(B)Metallic Ore Minerals.(C)Rare Earth Elements.(D)Other Important Minerals.Nigeria is rich in critical minerals which a

6、re crucial for technological equipment,Renewable energy such as solar panels,Wind and gas turbines,Electric vehicles,etc.The market size for these minerals is projected to grow significantly in the coming years.The Nigerian government is actively working to develop its solid minerals sector,with a f