President Muhammadu Buhari has directed the resuscitation of the Ajaokuta Steel Plant in Kogi State.
He made this known on Friday, in a national broadcast to mark 2020 Democracy day.
The President said this was in line with his administration’s commitment to expanding the mining sector.
“We remain committed to expanding our mining sector. To this end, I have directed the resuscitation of the Ajaokuta Steel Plant based on Government-to-Government financing and a Public-Private Sector financing,” the president said.
Buhari said with foreign and domestic investments and the participation of Small Scale Miners, his government was harnessing the supply value chain in gold production.
He also disclosed that government would be launching a fully digitised mineral rights management platform for quick processing of mineral rights application, digitisation of records and plugging revenue leakages.