Tinubu Approves Committee On Ajaokuta Mill’s Revival, Others

Nigeria’s President Bola Tinubu has approved the setting up of an inter-ministerial committee on the execution of three steel development projects, including the revival of the Ajaokuta Steel Mill.

Minister of Steel Development, Shauibu Audu, disclosed this to journalists at the State House, Abuja, after he and the Minister of Defense, Abubakar Badaru, met with President Tinubu at the State House on Thursday.

Members of the committee include the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, Minister of Industry, Trade and Investment, Doris Uzoka, Minister of Solid Minerals Development, Dele Alake, the Minister of Defence, Muhammadu Badaru and the Minister of Steel Development, Shuaibu Audu.

According to Audu, besides the task of sourcing funding for the revitalisation of the moribund Ajaokuta Steel Company Limited, the committee will also work to actualise the setting up a steel company y a Chinese company, Lu’an Steel Holding Group, as well as finding a location for a proposed steel plant for the India firm, Jindal Steel.

Audu stated that if the committee can complete all the projects, that have been committed to its hands which include the revival of the Ajaokuta steel mill, President Tinubu’s administration will be able to create not less than 500,000 jobs.

Speaking on the agendas before the Committee, the Minister disclosed that two members of the committee, the Minister of Defence and himself met with the Lu’an Steel Company, one of the top 20 steel companies in China that produces about 20 million metric tons of steel per annum, has agreed to set up a new steel plant in Nigeria.

As a follow-up to the agreement, the steel company has given its commitment to deploy an advanced team to Nigeria after the Chinese New Year by the end of February 2024.
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