FG to get competent investor
Minister of Mineral Resources, Kayode Fayemi has revealed that the FG is set to get competent investot for the Ajaokuta Steel and Plant company.
Fayemi also told newsmen that his decision to examine the records of Fayose’s government is not with the aim of probing the incumbent governor.
Recommended articles
![Bozize, 76, who was in exile in Chad until March before relocating to Guinea Bissau, is the leader of the Coalition of Patriots for Change (CPC), a coalition of rebel groups formed in December 2020 [France 24]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Bozize, 76, who was in exile in Chad until March before relocating to Guinea Bissau, is the leader of the Coalition of Patriots for Change (CPC), a coalition of rebel groups formed in December 2020 [France 24]")
This was made known by the Minister of Mines and Steel Development, Dr. Kayode Fayemi, while speaking at the 11th National Delegates Conference (NDC) of the Iron and Steel Senior Staff Association of Nigeria (ISSSAN) in Lokoja, Kogi State.
Represented by the Sole Administrator of Ajaokuta Company, Fayemi revealed that his ministry would work in collaboration with transaction advisers and relevant agencies of government like Infrastructure Concession and Regulatory Commission (ICRC) and Buraeu for Private Enterprises (BPE) to achieve that.
Furthermore, the minister noted that federal government has resolved to break the four decade long jinx of liquid steel production in Nigeria.
ADVERTISEMENT
In his words: “The execution of the Modified Concession Agreement on the National Iron Ore Mining Company, (NIOMCO) Itakpe, was one of the actions taken by the present administration of President Muhammadu Buhari with the sole intent of unlocking the public steel sector from all arbitral encumbrances since 2008.
“Henceforth government is to focus on its role as administrator/ regulator and no longer owner/operator.
“This implies that the efforts of the ministry are geared towards creating the favourable investment climate for private operators to thrive in the steel industry,” he said.
He also noted that the ministry through the intervention agencies and fiscal policy tools of government would continue to provide incentives to the private operators in the steel sector.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Cross River gorillas will boost local tourism if protected - Wild Africa Fund
Over 4,000 Nigerians rotting in jail over inability to pay fines - Minister
Tribunal to deliver judgment in petitions against Sanwo-Olu's election Monday
Kebbi govt begs residents to be patient amid lingering power outage
We will use Igbo Day to reflect on our origin, existence, says group
Nigeria, others approve declaration on ending TB by 2030
NEMA distributes relief materials to 8,757 households in Kaduna
Tinubu urges athletes, officials to promote national interest at NYG 2023
Experts urge FG to stop treating deaf people like second-class citizens
Pulse Sports
Anthony Joshua and Burna Boy: Nigerian-born boxer and African giant team up for Boss at Milan Fashion Week
How Nigerians can vote for Osimhen to win FIFA Best Player Award ahead of Messi
I want to 'teach' after football - Lionel Messi opens up on retirement plan
It was a money issue — Jay Jay Okocha on why he snubbed Europe's big clubs
North London Derby: Postecoglou threatens to 'scare the life out' of Arsenal
Super Falcons' Michelle Alozie drops football hot take
ADVERTISEMENT
