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President Muhammadu Buhari has reportedly ordered the completion of steel complex in Ajaokuta



Olamilekan Adegbite, the minister of mines and steel development, on Sunday, November 24, said that President Muhammadu Buhari has given marching orders to his ministry for the completion of Ajaokuta Steel Company.

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Adegbite made this known in Abuja to newsmen on the proposed Nigerian solid minerals downstream workshop scheduled to hold Monday, December 2, the News Agency of Nigeria (NAN) reports.

The minister who spoke through his special adviser on special duty, Sunny Ekozin, said the ministry had been on its toes to ensure that the presidential order is carried out.

“For the past three months, we have been doing everything possible to ensure we make progress and we are happy to let the nation know that the president has given us full backing in this assignment.

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“The support given by the president include political backing to ensure that Ajaokuta works and by the grace of God it will work soon,” he said.

The minister also added that the President Buhari also wanted the sector to resolve persistent problems surrounding the solid minerals and to ensure Nigeria could rely on the sector to as a means to diversify its economy.

He said after studying the problems of the sector for the past three months, the administration was on the path of maximising the potentials that abound in the minerals sector for the nation’s benefit.

Adegbite explained that one of the steps taken was the current process of developing the Nigerian Downstream Mineral Policy.

“The downstream mineral policy will trigger the nation with a clear diversification blue print in a sustainable manner, especially for the revamping of Ajaokuta steel company.

“And also effective harnessing of the abundant minerals endowment spread across the 36 states and the Federal Capital Territory (FCT).

“As part of the process leading to the revamping of the entire solid minerals sector, we are sensitising key stakeholders, especially large investors of this novel initiative for the development of solid mineral downstream value chains. This will help to create massive jobs, wealth and industrialisation,” he said.

He said that the present government would stem the exports of jobs and wealth by unwittingly exporting 35 million of unprocessed mineral products annually.

The minister pledged to open the sector to genuine indigenous and foreign investors to actively participate in the downstream licensing of mineral plants.