Nigeria: Govt making efforts to revive steel industry – Buhari

*Steel mill.

*Steel mill.

Oscarline Onwuemenyi

17 August 2016, Sweetcrude, Abuja – President Muhammadu Buhari has stated that his government had started making efforts to revive the steel industry in Nigeria.

The President, who spoke Tuesday at the State House, Abuja, while receiving Executive Members of Association of Africa Automotive Manufacturers (AAAM), led by the chairman, Mr Jeff Nemeth, also said that the country was ready to get investments from all sectors of the economy to better the lots of the people.

He noted that, “Nigeria as a country recognized her problems early enough, but remained potential for too long,” declaring that it did not achieve much results.

President Buhari said that to reverse the trend, “We must avoid the mistakes made in the past by both government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people.”

He lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna and Ibadan, and depended too much on oil as mainstay of her economy.

“We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here,” the President said.

The President lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna and Ibadan, and depended too much on oil as mainstay of her economy.

“We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here,” the President said.

A statement by the presidential spokesman, Mr. Femi Adesina noted that Nemeth said the Association comprised potential investors who were ready to unlock investment potentials on the African continent.

“We are ready to offer strategic partnership with Nigeria. We want to promote investor-friendly regulatory frameworks and sustainable manufacturing. We will equally promote infrastructure development, job creation, and skills transfer,” he said.

The AAAM chairman further sought the support of the Presidency in the realization of the vision and mission of the association.

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