NLNG Corporate Caring banner First bank SME Connect Fidelity bank card banner Emerald Energy Institute Camano banner

FG, Russian government to partner in reviving Ajaokuta Coy — Minister

By Naomi Sharang/Kingsley Okoye on 19/10/2019

Gmail icon

Views: 218

•Ajaokuta Steel Company
•Ajaokuta Steel Company

The Federal Government says it is partnering the Russian government to revive Ajaokuta Steel Company.

Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy in Abuja on Friday.

He further said that the main feature of President Muhammadu Buhari’s visit to Russia next week is to discuss the reviving of the steel company.

According to the minister, the Russians have shown interest to help Nigeria revive Ajaokuta with their own money.

“They want to put Ajaokuta back and we are looking at different methods to engage them.

“Because it is almost completed, they bring in some money to finish what is there and operate it for a while; realise their investment, profit and transfer it back to Nigeria.

“I think this is the best path to revive Ajaokuta and I believe within the tenure of our time, we will achieve this,” Adegbite said.

The minister said that Ajaokuta Company was never vandalised contrary to reports but it was concessioned to a particular firm.

Adegbite, however, noted that invasion of the mining industry by foreign nationals was being encouraged by some state governments.

“A lot of effort is going on to check illegal mining in the country,” he said.

Chairman of the committee Sen. Tanko Almakura, said that efforts must be made structurally and legally to encourage states and local governments not to participate in illegal mining activities.

“If you look at the mining, it is in the exclusive list.

“There is the need for us to come together; the Senate, House of Representatives, ministry and stakeholders.

“Let’s get down and unbundle this to give every tier of government some level of participation without usurping the exclusive legislative right.

“We can have the concurrent with the exclusive running side by side,” Almakura said.

Almakura who is the immediate past governor of Nasarawa State urged the ministry to identify very important and lucrative solid minerals wherever they are in the country to help in diversifying the economy.

“Unless we take the approach that was used in the ministry of agriculture in diversification, we may not be in a position to fast track development and diversification in the solid mineral sector.

“With the support of the Senate, we can cause the Presidency to bring about a presidential committee dedicated to the different kinds of solid minerals varieties.

“They include limestone, tin, columbite, etc, to boost the economic development of the country,” the lawmaker said. (NAN)

Source News Express

Posted 19/10/2019 1:08:27 PM

 

 

CLASSIFIED ADS

 

You may also like...
Federations Cup Shocker: Remo Stars bundle out defending...

Varsity offers automatic employment to ex-militant graduates

Flood Alert: Communities along River Niger must evacuate...

Rivers PDP elders and leaders demonise Gov. Amaechi...

Wike queries VC over shooting in Varsity

Cashless Policy: CBN suspends charges on large withdrawals...

Senate heads for court to challenge Onnoghen’s suspension...

Gunmen kidnap, murder Orji’s media aide

Amosun assures protesting TASUED students of govt. intervention...

Corruption Allegation: Amaechi has been vindicated — Rivers...

World Cup: Messi, others set for Round of...

Supreme Court announces 22 New SANs

 

Latest News Nigeria’s TOP 10 Songs Gunmen kidnap Professor in Yola How Gov. Makinde was attacked in Lokoja - Oyo Govt We are investigating 9,457 results - WAEC Bayelsa: INEC moves sensitive materials to RACs, calls for peace Two dead, six injured as fuel tanker explodes at Lagos - Abeokuta Expressway Neighbourhood Watch, forest guards to boost security in Enugu – NSCDC Border closure: Nigeria, Benin, Niger to form border police Python Dance ko, frog jump ni (2) Court remands party chairman in police custody in Katsina FG to build $800M seaport in Warri – Amaechi COZA rape case: Busola vows to drag Fatoyinbo to Appeal Court

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (562,254 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (452,062 views) Shameless Genevieve Nnaji exposes breasts in public (401,097 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (335,356 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,403 views) 10 cars more expensive than Jets (280,431 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,672 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,821 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,316 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,683 views) Lagos plane crash: Journalist releases victims’ names (201,253 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,014 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (108) Business & Economy (4,571) Business Verdict (86) Columnists (1,143) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (703) Features (844) Global Business Monitor (493) ICT Monitor (67) International (4,206) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (483) News (53,970) Opinion (1,418) Pidgin (17) Politics (11,730) Religion (1,119) Sports (2,224) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera