Governor Yahaya Bello of Kogi State has lauded President Bola Ahmed Tinubu’s for his determination to revive the nation’s steel sector to create jobs for thousands of Nigerians.
Bello, who spoke on Friday while receiving the Minister of Steel Development , Shaibu Abubakar Audu said the steel sector is critical to the revival of the nation’s economy.
The governor also expressed his appreciation to President Tinubu’s for his commitment to reshape the nation’s economy, highlighting the indispensable role of a robust steel industry in technological and industrial advancement.
Audu in his remark, briefed the governor on the fresh $10 billion investment prospect in Nigeria’s steel industry.
He informed Governor Bello about President Tinubu’s approval to restart the Light Steel Mill (LSM) section of Ajaokuta Steel Complex, a project expected to create up to 5,000 direct and indirect jobs.
Audu, said some financial institutions have already expressed interest in supporting this initiative.
The minister alsk highlighted ongoing discussions with Luan Steel Holding Group, a Chinese company, for a new steel plant in Nigeria, and the commencement of military hardware production in Ajaokuta Steel Company.
Aside this, the Minister said Jindal Steel Group has shown interest in investing up to $5 billion in a new steel plant in Nigeria.
As Bello’s term is nearing completion, Audu pledged unwavering support and commitment to both his administration and that of the governor-elect, Ahmed Usman Ododo. (vitalnewsngr.com)
