The Ministers of Works and Steel Development, David Umahi and Shuaib Audu, have mutually agreed to collaborate in leveraging the opportunities presented by the Ajaokuta Steel Plant for the advancement of road infrastructure development in Nigeria. This collaboration aligns with President Tinubu's Renewed Hope Agenda.Their inter-ministerial meeting, held at the Federal Ministry of Works Headquarters in Abuja, emphasized the necessity of coordination, cooperation, coherence, and complementarity in executing the Federal Government's plans for national development.
Minister Umahi revealed that the Ministry of Steel Development would play a pivotal role in the envisioned road infrastructure revolution by supplying more than 16% of the materials required for Nigeria's road construction, particularly in concrete pavement.
This move is anticipated to create jobs, generate wealth, establish a global market within Nigeria, and foster industrialization.
The plan involves reactivating Ajaokuta Steel for the production of steel, a vital component in the concrete roads.
Minister Umahi acknowledged the financial requirements and proposed a strategic approach involving commercial banks, subject to endorsement by the Federal Executive Council.
Umahi praised Minister Audu's efforts in developing the steel sector, recognizing its significance as the cornerstone of Nigeria's industrialization and a catalyst for national development.
Expressing confidence in President Tinubu's leadership, Umahi emphasized the commitment to thinking outside the box to address challenges inherited from previous administrations.
Minister Audu reiterated the commitment to implementing the Renewed Hope Agenda, particularly in restarting steel production at Ajaokuta Steel Plant, aligning with the extensive road development plans.
The Ministers anticipate that this initiative will boost the nation's economy, generate revenue, and create a substantial number of direct and indirect jobs, contributing to Nigeria's overall development.