FG to restart Aluminum Coy by end of 2023
The Federal Government is to restart operations at the Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom by the end of 2023.
”President Muhammadu Buhari has directed that ALSCON in Ikot Abasi be revamped and reactivated before the end of the present administration.
“President Buhari has mandated that ALSCON should be reactivated as soon as possible, so we believe that before the end of this administration ALSCON will be running.
“A lot of approvals have been gotten from the Federal Executive Council, the concession for the utilization of gas, so I believe with all the efforts put in place, ALSCON will be a glorious outcome,” Ogah explained.
He expressed optimism that at the end of the present administration, the company will commence operations.
The minister said that his two-day facility visit to ALSCON would ascertain the level of work at the company, and assured Akwa Ibom people that glorious days await the state soon.
He further explained that with the intervention of the Federal Government in the moribund status of the company, other legal issues would be resolved.
“It is a growing concern and we believe that they will be sorted out as we keep progressing, we believe that based on the intervention from the Federal Government all the legal issues will be resolved soon,” he noted.
He pointed out that the Federal Government seeks partnership with Akwa Ibom Government to create ease and a hitch-free atmosphere for solid mineral exploration in the state.
Ogah added that the collaboration would create opportunities for employment and wealth creation in the country.
“We believe that it’s time for Akwa Ibom to develop the solid minerals in the state, we are looking at how to synergize, to collaborate with the state government so that we can have good relationship between the Ministry of Mines and Steel and the state so that exploration of minerals in the state will be with ease and hitch-free.
“We seeking synergy and collaboration between the state and the Federal Government on how we can work together to harness the potentials of solid minerals in the state.
“There are a lot of solid minerals abundant in Akwa Ibom and we believe that the synergy we are creating will give rise to great opportunities that will lead to massive employment of the Nigerian youths and wealth creation for people,” he said.
Responding, Governor Emmanuel stated that the reactivation of ALSCON located in Ikot Abasi, Akwa Ibom would stimulate the entire economy in the country.
He promised that his administration would partner with the federal government to ensure that the Aluminum factory comes back to live.
The governor described the steps taken by the Federal Government as positive steps in the interest of the country and the masses.
“As a state, we are willing to give all the necessary support so that the project can actually come on stream.
“Trust that we will work together and we will make it work, it is in the interest of the country, it is in the interest of the masses, it will help our economy,” he said.
Governor Emmanuel maintained that the bringing back the project was beyond partisan politics and smacks development in governance.
The governor thanked President Buhari for approving steps to revamping the ALSCON, describing the move as efforts towards economic viability and the much-needed diversification.
ALSCON is a joint venture project between the Federal Government and two foreign technical partners, Ferrostaal AG of Germany and Reynolds International Inc. U.S., with 70, 20 and 10 per cent holdings respectively.
ALSCON incorporated in 1989 is estimated that the plant when fully operational, would utilize close to one billion cubic meters of gas annually.
The federal government said the revival of ALSCON will create many downstream opportunities and support aluminum product operations that are dotted all over the country.
COURTESY VISIT BY MINISTER OF STATE FOR SOLID MINERAL
Akwa Ibom State Governor, Mr Udom Emmanuel Thursday, played host to the Honourable Minister of State, Mines and Steel Development Dr. Uchechukwu Sampson Ogah at his office, Government House, Uyo . pic.twitter.com/YNGxupRuQy
— Akwa Ibom State Govt (@aksgovt) May 6, 2021