Investment in key sectors will be assessed based on impact on citizens, says Tinubu

By Kunle Sanni

President Bola Tinubu has said that the federal government would ensure investments in key sectors of the economy follow clear timelines and significantly impact citizens’ lives.

Ajuri Ngelale, Special Adviser to the President (Media and Publicity), disclosed this in a statement on Friday.

Speaking at the State House after receiving the management of the Aluminium Smelter Company of Nigeria (ALSCON), led by Chairman Alexey Arnautov, President Tinubu emphasized the government’s commitment to reviving the smelter company in Ikot Abasi, Akwa Ibom State.

“It is good to have you at this meeting. Smelter is necessary for the development of the country,’’ the President stated.

President Tinubu stressed the importance of a clear vision and detailed plans in the steel and energy sectors, adding that “there must be timelines.”

In his remarks, ALSCON Chairman Alexey Arnautov assured the President of the management’s preparedness to turn around the company’s fortunes within a given period by injecting $500 million. Arnautov highlighted the centrality of aluminium in modern development, particularly for Nigeria, and pledged continued support for the country’s growth.

President Tinubu directed the Minister of Steel Development, Prince Shuaibu Audu, and the Special Adviser to the President on Energy, Ms. Olu Verheijen, to review and provide an update on the status of ALSCON.