Okonjo-Iweala restates importance of steel sector
Federal government has disclosed that the steel sector is critical in the industrialisation of any nation.
Minister of Finance and Coordinating Minister for the Economy, Dr Ngozi Okonjo Iweala stated this in Ilorin last week Friday, at the pre-commissioning visit to KAM Industries Limited, Ilorin.
Also, she assured Nigerians of the President Goodluck Jonathan-led administration's support for indigenous companies that are contributing meaningfully to the economy.
According to the minister, the federal government realised that indigenous companies face challenges of infrastructure, access to capital and others which make cost of production high and working tirelessly to bring interest rate to small two digits rate.
Earlier, Kwara State governor, Abdulfatah Ahmed had appeal to the FG to grant new industries owned by Nigerians duty free operations to enable them stabilise and flourish for sustainable economic development of the country.
Governor Ahmed attributed the collapse of many companies in the past to hostile environment.
"Some of the industries that brought smiles to the faces of the people of this State and joy to their homes have either become ghosts of themselves or out rightly gone out of existence because the environment in which they operate is hostile, harsh and not favourable to their survival".
Represented by the Secretary to the State Government, Alhaji Isiaka Gold, the governor said the waivers should be extended to commercial farms that create employment opportunities to the teeming youths of the country and also create access to dairy products at affordable rates.
Meanwhile, the deputy managing director, KAM Industries Limited, Alhaja Mariam Bola Yusuf in her address said the industry's multi billion naira Cold Steel Rolling Mill produces cold roll sheets that would be used for products such as galvanised roofing sheets, car bodies, pipes, head pan among others
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Rafiu Ibrahim Akume Okiki Ibraheem Abdullateef Saka Aleshinloye Yahaya Abdulkareem Soffiyyallah Kamaldeen Gabriel Fashanu JUSUN Olayinka Jelili Yusuf Jide Oyinloye NAWOJ SSA Youth Engagement Christopher Tunji Ayeni Muftau Akanbi Oke Yoonus Kola Olatinwo National Union Of Road Transport Workers Alabe Eleja Taiwo Banu Toun Okewale-Sonaiya ER-KANG Mining Nigeria Company Limited Abdulrahman Abdulrasak Ajase-Ipo Ilorin Emirate Dapo Teni Nig Enterprise Ilorin Descendants Progressive Union Akeem Lawal James Kolo Zainab Abass Olomu Of Omu-Aran Mary Arinde Sunset Workers Millennium Development Goals Ibrahim Taiwo Road Omupo 2017 Budget Taofik Abdulkareem Babaita Omotosho Waheed Ibrahim Fola Consultant Grillo Idowu Aremu Okala Baba Kwara TV Mazars Consulting Vasolar Consortium Just Event Online Jeunkunu-Malete-Bani Aremu Odolaye Olayinka Are Raji Ayodele Kamaldeen Ilorin East/South Federal Constituency Hamidu Olowo 20 Billion Bond Abdulkadir Akanbi-Oke Alanamu Ahmed \'Lateef Isiaka Danmeromu Asa Share/Tsaragi Babatunde Ishola Babaita Mohammed Abduraheem Bayo Onimago Mumeen Lah Nurudeen Mohammed Doyin Agbamu Code Of Conduct Tribunal Oni Adebayo Oba Of Jebba Katibi Ibraheem Adeola Mohammed Alabi Lawal Alaaya Vasolar Consultoria Lithium Deposit Oro Grammar School Old Students Association John Olajide Adedipe Ilorin Anchor Men And Women