The federal government has assured of her commitment to accomplishing the steel development target of the country in good time. Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, while delivering his speech at the 4th International Conference and Exhibition in India tagged: “India Steel Expo 2019.”
Bwari, who led the Nigerian delegation consisting the technical heads of regulatory agencies in the sector and the Manufacturers Association of Nigeria (MAN) to the event, used the occasion to invite interested investors to come to Nigeria and invest in the sector, adding that the ease of doing business in the country has significantly improved through the concerted efforts of the present administration.
“We are here to assure you of our commitment to accomplish our steel development targets in record time. We want to assure investors that we are committed to providing a conducive environment for steel production and business to thrive.
“I want to conclude by inviting all genuine investors in the industry to explore the opportunities available in the Nigeria steel sector in view of the conducive business climate, abundant steel raw materials and the obvious huge market due to its population, as well as the scope of our infrastructural development projections.
He said the country spends about $3.3million on importation of different steel products according to the Nigerian Bureau of Statistics (NBS) report, a gap he said presents great opportunities for investment.
According to him, Nigeria has a huge unrealised potential for steel demand growth.
“This is suggested by the apparent steel use per capita for finished steel products, which stood at less than 10 kg in 2017, far below the world average of 214.5 kg, according to the Word Steel Association,” he noted.
Beauty Queen ‘Raped By Gambia’s Ex-President Jammeh’
A 23-year-old former beauty queen in The Gambia, Fatou “Toufah” Jallow, has said she was raped by ex-President Yahya Jammeh...
APC Support Groups To PMB: Ignore Blackmailers, Concentrate On Project Nigeria
…Say Kyari, Daura not dictating for President An amalgam of various support groups of the governing All Progressives Congress (APC),...
Pastor Seeks Divorce, Alleging Wife Demands `Bribe’ Before Sex
A 48-year-old pastor, Abayomi Adegboyega, is seeking dissolution of his 16-year-old marriage, alleging that his wife always demands `bribe’ from...
NDLEA Arrests 43 Suspects, Removes 463KG Of Drugs In Gombe
The National Drug Law Enforcement Agency (NDLEA), Gombe Command, has arrested 43 drug suspects and removed from circulation, 463 kilograms...
New UN Envoy Lauds AU Troops For Stabilising Somalia
The newly appointed UN envoy in Somalia on Wednesday lauded the critical role played by the African Union (AU) troops...
Raining Season: FCT Farmers Hopeful Of Bumper Harvest
Some farmers in the Federal Capital Territory (FCT) on Wednesday expressed optimism of bumper harvests in the 2019 cropping season...
NUSA Says Inquest Into Murder Of Nigeria On June 20 Has Begun
Mr Sylvester Okonkwo, Chairman, Nigerian Union in South Africa (NUSA) in Kwa-Zulu-Natal Province, on Wednesday confirmed that yet another Nigerian,...
ENTERTAINMENT22 hours ago
‘Don’t Link Me With Helicopter Incidents At Ore’, Says Julian Osula
NEWS23 hours ago
10 Killed In Wukari High Way Road Blocks
COVER STORIES11 hours ago
Why I Dealt With Onnoghen – PMB
NEWS18 hours ago
Election Tribunal: Court Rules In Favour Of Governor Sani Bello
NEWS10 hours ago
Yobe Govt To Sponsor 700 Students For PhD, Masters, Others
POLITICS9 hours ago
PDP: Saraki To Lead Peace Move
CRIME10 hours ago
Apostle Bags 7-yr Jail Over Rape Of Minor
FOOTBALL24 hours ago
Super Eagles Protest Unpaid Bonuses