=== (AGENDAWATCHDOG) === The Federal Government has disclosed its plans to recommence operations at the Aluminium Smelter Company of Nigeria(ALSCON) in Ikot Abasi, Akwa Ibom by the end of 2023.
This was disclosed by the Minister of State, Mines and Steel Development, Dr Uchechukwu Ogah, during a courtesy visit to Governor. Udom Emmanuel of Akwa Ibom in Government House in Uyo on Friday.
”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.
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While expressing optimism that at the end of the present administration, the company will commence operations, the minister also said that his two-day facility visit to ALSCON was to ascertain the level of work at the company, assuring Akwa Ibom people that glorious days await the state soon, and that with the intervention of the Federal Government in the moribund status of the company, other legal issues would be resolved.
Responding, Gov. Emmanel stated that the reactivation of ALSCON located in Ikot Abasi, Akwa Ibom would stimulate the entire economy in the country, promising that his administration would partner with the federal government to ensure that the Aluminium factory comes back to live, describing the steps taken by the Federal Government as positive steps in the interest of the country and the masses.
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 was incorporated in 1989. It is estimated that the plant when fully operational, would utilise close to one billion cubic metres of gas annually.
PROJECTED IMPACT: The federal government said the revival of ALSCON will create many downstream opportunities and support aluminium product operations that are dotted all over the country. The collaboration would create opportunities for employment and wealth creation in the country.