Steel Industry Necessary for Economic Growth—Ibezim

The Chairman, Governing Board of National Metallurgical Development Centre, Jos, Dr Sabastian Ibezim, has disclosed that the Steel Industry is indispensable to the growth of any nation.

The Chairman made this assertion while answering questions from the press crew of NMDC after the Board’s regular meeting at the centre.

He further noted that Nigeria is blessed to have NMDC as a Solid Mineral Research and Development Centre with the right facilities to revamp the economy through metallurgical and beneficiation processes.

Ibezim applauded the creative and revolutionary strides of the Director General/Chief Executive of the center Engr. Prof. Linus Asuquo and his team for bringing the centre to an international standard within one year of his leadership.

He called on the Federal Government and investors to harness the potential of the centre to move the metal and Steel industry to enviable heights.

Also, he decried poor funding of the center by the Federal Government as the major challenge militating against the rapid development of the centre.

The Chairman appealed to the Federal Government to increase the financial subventions to the centre which according to him, will motivate the DG/CE and his team to do more in their developmental strides.

Earlier the Director- General/Chief Executive of NMDC, Jos, Engr. Prof Linus Asuquo while welcoming the board members on their two-regular meeting, said that with the resuscitation of Ajaokuta Steel Company in sight, it has become pertinent to have more investors,institution of higher learning and similar research institutes to partner with the Center in order to give Ajaokuta the needed assistance when fully operational.

Asuquo, said that with proper funding and encouragement, the center is poised to contribute in no mean way towards the realization of President Muhammadu Buhari’s move of bringing out more than one hundred thousand Nigerians out of poverty in a few years time.

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