Minister of Steel Development, Prince Shuaibu Abubakar-Audu has revealed the Federal Government plan to make the Ajaokuta environ a Free Trade Zone to attract
Abubakar-Audu disclosed this at his maiden visit to the Ajaokuta Steel Company Limited on Wednesday, as he took a tour of the complex.
He said that President Bola Tinubu had also taken interest in the resuscitation of Ajaokuta Steel Complex by appointing him as the pioneer Minister to show the world the importance of Steel Development to Industrialization. “But the President knows that in order to industrialize Nigeria, we have to get the steel industry working,” he said.
“Part of the things is the roadmap to designate the 24,000 hectares land of Ajaokuta an Industrial Park, to create a Free Trade Zone that will further attract Foreign Direct Investment,” he said. Audu said that he was on the tour with potential foreign investors and experts who have shown. Interest in bringing FDI to unlock these potentials.
“We have the Russians, Americans, Arabs and Chinese who are showing interest. They have come to show their desire to carry out an advanced technical audit to see what needs to be completed. Abdul-Akaba also commended Audu for his great vision and plans in reviving the company, noting that Ajaokuta is a land of vast opportunities.
Hkoodshoev noted that with what they had seen on ground, they were e very interested in investing in the company.
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