Business
FG To Streamline Two Agencies For Better Performance
The Federal Government is to streamline two agencies in the Ministry of Mines and Steel Development to promote effective and efficient service delivery.
The plan was announced on Friday in Abuja by Minister, Alhaji Musa Sada, when he received a delegation from the Council of Nigerian Metallurgical Society, led by its President, Dr Linus Asuquo.
According to a statement by Mr Marshall Gundu, Head of Press Unit of the ministry, the affected agencies are the National Steel and Raw Materials Exploration Agency in Kaduna and National Metallurgical Development Centre, Jos.
The minister, said the agencies had overlapping functions which was limiting their performances and promised that “when streamlined they will be better utilised’’.
While commenting on the current state of rolling mills, the minister said: “It is wrong for investors to acquire companies from government without operating them.’’
The minister said the ministry would liaise with the Bureau for Public Enterprises and the management of the steel rolling companies to address the challenges militating against their operations.
The rolling mills are Jos Steel Rolling, now Zuma Steel West Africa Ltd and Oshogbo Steel Rolling, now Kura Integrated Steel Mill Ltd.
The government would resuscitate the Ajaokuta Steel Company to achieve its Vision 2020, the minister said.
“Itakpe Iron-Ore mine should be dedicated as a captive mine for the Ajaokuta Steel Complex, with the proviso that excess production be sold to other plants.