Di demand for lithium go shoot up by 353 percent before 2040, as countries dey scramble for Nigeria lithium deposit.

Global demand for lithium go more than quadruple by 2040, and di United Nations Conference on Trade and Development project say e go increase by 353 percent between 2024 and di end of di next decade.

Dis projection dey come as di whole world dey shift to clean energy, and dis one dey put pressure on di supply of important minerals.

Di projection wey dey inside new UNCTAD report show say energy transition minerals dey become more important as countries dey try to reduce carbon and as electric vehicles dey become popular for major economies.

Di report say clean technologies go need plenty plenty minerals for different categories. Di share of nickel wey dey used for clean energy go rise from 17 percent to 42 percent, while magnet rare earth elements, wey important for wind turbines and electric motors, go see dia clean technology share increase from 21 percent to 31 percent.

Dis findings dey important for Nigeria, wey don become big player for lithium sector. For 2025, di Federal Government reveal say Chinese companies don invest over $1.3 billion for Nigeria lithium processing industry since President Bola Tinubu take over — dis one show say foreign countries dey interested for Nigeria mineral resources as di world dey move to clean energy.

Graphite, wey be anoder important material for batteries, go see demand rise by 131 percent for di same period, while di share of lithium wey clean technology go use go climb from 62 percent for 2024 to 87 percent by 2040.