Nigeria/Kogi: Iron And Steel As The Economy's Backbone


There is no doubt that Nigeria is now at a critical crossroad concerning her economy. Noisy discussions have continued to remind us about the enormous wealth in the country, which until now has remained untapped or tapped in an unserious manner. Nigeria is blessed with solid mineral resources, which have not been explored in ways that had been anticipated. Iron ore remains one of such sources of national wealth, but past administrations did not take full advantage of its rich potentials as a building block for industrialisation.
Structures built for the purpose of extracting and processing Iron Ore are today abandoned with disused, dilapidated buildings and rusty equipment to show for it. I speak specifically about the Nigerian Iron Ore Mining Company (NIOMCO) in Itakpe, and the abandoned Itakpe-Ajaokuta Rail link. These two edifices located in Kogi State now lie in shambles; the sobriquet "Land of Mining", virtually meaningless. The vision of the rail link was for the steel plant in Ajaokuta to be connected to its supplier of Iron Ore, in Itakpe. A drive past the rail link station reveals that right now that laudable vision is off-track, but I hope not permanently.
My concern for the untapped iron ore resources in Itakpe, Kogi State are written from the perspective that my State, Kogi, like many other states, suffers from high rates of youth unemployment. Can we imagine what impact the revival of economic and commercial activities would have, if NIOMCO and Ajaokuta Steel Complex also in Kogi State, roll back into life to reignite the dream of Nigeria becoming a force in the global iron and steel sector? The Steel sector is the heartbeat of any national development plan for industrialization.(THE GUARDIAN)

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