Gom Mirian
In a bid to revitalise the Nigerian economy and tackle persisting unemployment in the country, the Federal Government has revealed a plan to harness the vast potential of the nation’s mineral resources.
The Minister of Mines and Steel Development, Prince Shuaibu Abubakar Audu, in a press conference held on Thursday, expressed confidence particularly in the steel sector’s capacity to generate economic prosperity.
He said: “Nigeria’s abundant mineral resources hold the key to reshaping the nation’s economic landscape, extending the benefits of democracy to every Nigerian. By tapping into the latent potential of the steel sector and channelling it into lucrative ventures, we can ensure that the dividends of democracy reach every citizen.”
The minister stressed that the government is fully dedicated to implementing an array of measures designed to attract reputable international investors with “an array of favourable incentives, including streamlined business procedures.”
Audu assured that “the Federal government remains resolute in its mission to fuel economic growth and empower its citizens through the potential of the steel sector,” adding that “by fostering strategic alliances, facilitating investment inflow, and cultivating a business-friendly atmosphere, the government envisions a future marked by prosperity, progress, and collective advancement.
“As Nigeria positions itself to take a leading role in the global steel market, the transformative journey is poised to reshape the nation’s economic trajectory, ensuring that the benefits of democracy are tangible and accessible to all.”
