Nigeria: 'Ajaokuta Steel Company Can Create 600,000 Jobs'

11 October 2019

When the Ajaokuta Steel Company is working in its full capacity, it can generate about 600,000 jobs, national chairman of the Nigerian Institution of Metallurgical, Mining and Materials (NIMMME) Engr. Dr Ayodeji Adeyemo has said.

Adeyemo said this during his investiture and public lecture as the new chairman of the association in Abuja, yesterday.

"Mining is tasking and you need huge investment. However, when you know what you are going to get is profitable, you can take the risk. For example Ajaokuta Steel Company can generate over one 100,000 directly and indirectly 500,000.

"If 600,000 jobs are generated, the economy will be better. As you expand, you employ more," he said.

He commended government's National Integrated Minerals Exploration Project (NIMEP), noting that the more money you spend to discover the minerals, the better the results, and more profitable the products will be.

"The more you have precise location of the mineral, you are able to design the way of exploiting it. The ministry spending more money to discover more minerals is okay," Adeyemo said.

He said as the 10th national chairman of the institution, he will provide solutions to its three main challenges namely membership drive, funding and publicity.

See What Everyone is Watching

More From: Daily Trust

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.