President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to reviving the Aluminium Smelter Company of Nigeria (ALSCON) and ensuring investments in key sectors follow clear timelines and positively impact citizens’ lives.
Receiving ALSCON’s management, led by Chairman, Alexey Arnautov, at the State House, Abuja, Tinubu emphasised the need for a clear vision, detailed plans, and timelines in the steel and energy sector.
According to a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, the President said: “It is good to have you at this meeting. Smelter is necessary for the development of the country”.
He emphasized the need for clear vision and detailed plans in the steel and energy sector, adding that “there must be timelines’’.
Chairman of ALSCON 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, Ms. Olu Verheijen, to review and provide an update on the status of ALSCON.
