Wednesday, April 24, 2024

Economic Growth: Nigeria To Utilize Steel Resources

The Ministry of Steel Development has reiterated government’s commitment to utilize the potentials in the steel sector to boost Nigeria’s economy.

Minister of State, Ministry of Steel Development, Uba Maigari Ahmed, made the pledge during a One-Day familiarisation tour of the National Steel Raw materials Exploration Agency (NSRMEA), in Kaduna, North West Nigeria.

Federal Govt. to Revamp Steel Sector — Minister

In a statement signed by the ministry’s head of press and public relations department, Tine-Iulun, it said that the Ministry pledges to set a legacy of a developed and functional Steel Sector to Nigerians for economic growth, development and a thriving future.

The Minister, while stating the crucial role the steel sector plays in the industrialization of any nation, emphasized the pivotal role of the National Steel Raw Materials Exploration Agency.

He noted that “the pursuit of steel raw materials is not merely an industrial endeavor. According to him, it is a cornerstone of progress, solid foundation for infrastructure, innovation, and national development, adding that the untapped resources of the country, holds the threshold of potential prosperity.”

Speaking further, Uba Maigari disclosed that the agency’s dedication to exploration, innovation, and sustainable mining practices holds the key to unlocking the nation’s treasures and assured of the Ministry’s commitment and support to enhance and propel the National Steel Raw Materials Exploration Agency forward.

He noted that with the backing of the federal government, the ministry aims to foster partnerships, invest in research, and encourage a thriving ecosystem that enables the sustainable development of the nation’s mineral resources.

The Permanent Secretary of the Ministry, Dr. Mary A Ogbe, stressed the Ministry’s commitment to ensure that the Steel Sector is revived and made to function optimally, opining that the ministry has capable Ministers who are geared towards delivering on their mandate.

She solicited the support of all stakeholders to put in their best efforts to achieve the full utilization of the sector.

Also, the Director General, National Steel Raw materials Exploration Agency (NSRMEA), Kolawole Ogunbiyi, disclosed that the Obi- Lafia Coal in Nasarawa State needed to be fully developed for it to be economically minable.

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