Group Cautions FG Over Acclaimed $1.5bn Steel Plant Investment In Kaduna

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The federal government has been advised to embark on thorough verification of data of investment of foreign investors in the country to further ascertain

This is contained a statement issued on Monday by a Kaduna based Non-Governmental Organization, Arewa Progressive Alliance, , National Coordinator, Tijani Ahmad Girei, stressing that a news making the round about a $1.5bn steel plant that is nearing completion in Kaduna State owned by African Industries Group under the African Natural Resources and Mines group is mischievous and misleading.

It is pertinent to set the record straight in order to avoid misinterpretation and misrepresentation of the actual investments in the state for the sake of posterity and avoid marginalization of our youths especially in the areas of job opportunities as well as revenue allocation from the federal government in future.

The statement added that, “Surprisingly, the misleading report put the investments at $ 1.5bn from its original status of $600m. It is important to state that the project has been conceived into three phases with attention on phases one and two at the moment with design capacity of less than one million metric tonnes.

 

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What a country, steel plant again

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