President Tinubu has directed the Minister of Steel Development, Prince Shuaibu Audu, and his Special Adviser on Energy, Ms. Olu Verheijen, to review and provide an update on the status of the Aluminium Smelter Company of Nigeria (ALSCON)
Tinubu gave the directive on Friday when he received the management of the ALSCON led by the Chairman, Alexey Arnautov, at the State House, Abuja.
The President who said that Smelter is necessary for the development of the country, stated that the government was keen on reviving the smelter company in Ikot Abasi, Akwa Ibom State.
In a statement by his Special Adviser on Media and Publicity, President Tinubu noted that the federal government would ensure that investments in key sectors of the economy follow clear timelines and are impactful on the lives of citizens.
He emphasized the need for clear vision and detailed plans in the steel and energy sector, adding that “there must be timelines’’.
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.
