Investments must follow timelines, impact citizens – Tinubu
By Salif Atojoko
President Bola Tinubu on Friday said the Federal Government would ensure that investments in key sectors of the economy followed clear timelines and must impact the lives of citizens.
President Tinubu, who received the management of the Aluminium Smelter Company of Nigeria (ALSCON), led by the Chairman, Mr Alexey Arnautov, at the State House, said the government was keen on reviving the smelter company in Ikot Abasi, Akwa Ibom.
“It is good to have you at this meeting. Smelter is necessary for the development of the country,” the President stated.
Tinubu emphasised the need for clear vision and detailed plans in the steel and energy sector, adding that “there must be timelines.”
He directed the Minister of Steel Development, Prince Shuaibu Audu, and the Special Adviser to the President on Energy, Ms Olu Verheijen, to review and provide an update on the status of ALSCON.
In his remarks, the Chairman of ALSCON assured the President of the preparedness of the management to turn around the fortunes of the company within a given period by injecting $500 million.
Arnautov said the management was aware of the centrality of aluminium in modern development, particularly for Nigeria, and would continue to support the growth of the country. (NAN)
Edited by Chinyere Joel-Nwokeoma
Published By
Has also recently published
ForeignNovember 22, 2024Investment in livestock ’ll turn tragedy to economic opportunity – Tinubu
General NewsNovember 22, 2024Bago strikes $5bn sugar deal to transform Niger economy
Economy/BusinessNovember 22, 2024FX reforms improve valuation transparency, foreign investment-AIHN
Economy/BusinessNovember 22, 2024BoI raises $5bn, plans N120bn MSME support
