MMSD decries Importation of Metals, says it’s Killing SMEs in the sector

  The Ministry of Mines and Steel Development (MMSD) has lamented that the importation of metal product into Nigeria, especially those locally produced in the country has dealt a serious blow on the small and medium scale enterprises (SMEs) operating in the sector in the country. “We import all kinds of metal products, even the […]

Continue Reading

Mining: FG to enact policy on value addition

The Minister of Mines and Steel Development (MMSD), Arc. Olamilekan Adegbite has said the Federal Government will enact policies to help develop the downstream industries to add value to mined mineral resources. Adegbite was speaking at the opening ceremony of the first downstream mineral workshop on Nigerian Mineral Value Chain Policy (NMVCP) held in Abuja […]

Continue Reading

Nigeria’s problem is lack of Goodwill, Good Managers ― Minister of Mines, Steel

The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite has attributed the lack of progress at Ajaokuta Steel Company to poor cooperation and lack of goodwill by some Nigerian leaders. “Money is not our problem. The problem we have is good managers. When you hear billions here and there being stolen or unaccounted for, it […]

Continue Reading

‘Border closure blocks N504bn losses in steel’

A steel manufacturer has said the closure of Nigerian land borders is having positive impact on the steel industry as local steel manufacturers are able to steel their stocks and service their bank loans. Dr. Kamorudeen Yusuf, the GMD/CEO Kam Holdings Ltd and the Chairman Basic Metal, Iron & Steel Fabricated Products told journalists in […]

Continue Reading

House Demands Details of Nigeria, Russia Agreement on Ajaokuta Completion

  THE House of Representatives has demanded from the Executive the details of the agreement between Nigeria and Russia over the completion of Ajaokuta Steel Company. The House made the demand following the adoption of a motion moved at the resumption of plenary on Tuesday by Hon. Uzoma Nkem-Abonta. THISDAY reports that Section 12 of […]

Continue Reading

Buhari gives marching orders to complete Ajaokuta steel coy

Mr. Olamilekan Adegbite, the Minister of Mines and Steel Development says President Muhammadu Buhari has given marching orders to his ministry for the completion of Ajaokuta Steel Company. Adegbite disclosed this in Abuja during an interactive session with newsmen on the proposed Nigerian solid minerals downstream workshop scheduled to hold Dec. 2. The minister who […]

Continue Reading