President Bola Tinubu has assured Investors that the federal government would ensure investments in key sectors of the economy follow clear timelines.
The President , who received the management of the Aluminium Smelter Company of Nigeria (ALSCON) at the State House, said government was keen on reviving the smelter company in Ikot Abasi, Akwa Ibom State.
President Tinubu emphasized the need for clear vision and detailed plans in the steel and energy sector, adding that “there must be timelines’’.
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In his remarks, the Chairman of ALSCON Alexey Arnautov assured the President of the preparedness of the management to turn around the fortunes of the company within a given period by injecting $500 million.
Arnautov said the management was aware of the centrality of aluminium in modern development, particularly for Nigeria, and would continue to support the growth of the country.
President Tinubu directed the Minister of Steel Development, Prince Shuaibu Audu, and the Special Adviser to the President on Energy Olu Verheijen, to review and provide an update on the status of ALSCON.
(Editor: Ebuwa Omo-Osagie)
