22 October 2015, Abuja – The effort of the federal government towards making gas accessible and affordable to Nigerians through its national gas master plan received a boost on Thursday with the commissioning of a new ultra-modern steel mill worth $150 million by President Muhammadu Buhari.
Buhari who was represented by the Secretary to the Government of the Federation (SGF), Babachir Lawal said the company established by Setraco Construction Company (SCC) was a great milestone in a collective effort to promote and increase local content in the oil and gas sector.
He stated that it would also fast-track effort at transferring technology and technical capacity to Nigerian engineers and artisans as well as conserve the much needed foreign exchange.
He said: “Have always believed that it is only companies that have total faith in the capacity of an economy to grow and excel in mutual prosperity that will embark on such major investment like iron, pipes, steel, even in a situation of inadequate raw materials and energy supply as it is in this country.
- This Day