The member representing Ajaokuta federal constituency said in the last two years, he had raised motions on the need to avoid the sale of the steel company, adding that he had also presented a motion on the need for the federal government to renegotiate the completion of the steel company with its original builders.
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The minister stressed that one of the priority goals of the ministry is to position the mining sector to play a greater role in sustainably diversifying the country’s revenue base, creating jobs and fast-tracking industrialisation.
Osinbajo said, “Further to encourage more entrance and more investors, the Government is working to ensure implementation of a three-year tax holiday for new investors in the mining sector.”
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In the motion, Yunusa said that the rising prices of different brands of cement were without consideration of the negative implications it would have on the building industry.
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He added that the state government was targeting over 2,000 direct and indirect jobs in its new cement factory which will be built through public-private partnership (PPP).
“Between 1983 and today, not one metre has been added. After getting to that percentage of completion, the plant could not be inaugurated then because there was no way to bring the coking coal. That has been the main factor for 24 years and nothing has been done in that respect.”
