Investments in key sectors will impact citizens – Tinubu

WITH Juliana Taiwo-ObalonyeAbuja

President Bola Tinubu has assured that the federal government will ensure that investments in key sectors of the economy impact the lives of citizens.

According to a statement issued by the Special Adviser on Media and Publicity, Ajuri Ngelale, the President, who on Friday received representatives of the board of the Aluminum Smelter Company of Nigeria (ALSCON) led by its CEO Alexei Arnautov at the Capitol, said the government was committed to the reactivation of the smelter in Ikot Abasi, Akwa Ibom State.

“It’s good that you are at this meeting. The steel mill is essential for the development of the country,” he said.

Tinubu stressed the need for a clear vision and detailed plans in the steel and energy sectors, adding that “there must be a time frame.”

In his speech, the ALSCON president assured the president of the board’s readiness to improve the company’s fortunes within a specified period of time by investing $500 million.

Arnautov said the management is aware of the key role of aluminum in modern development, especially in Nigeria, and will continue to support the country’s development.

President Tinubu has directed the Minister of Steel Development, Prince Shuaibu Audu, and the Special Adviser to the President on Energy, Olu Verheijen, to analyse and provide an update on the status of ALSCON.