Solid Mineral Minister Explains How Nigeria Spends Billions Importing Steel Annually

 The Minister of Solid Mineral Development, Mr. Kayode Fayemi while speaking at the foundation laying ceremony of the ultra modern Steel Melt Shop in Kwara state, he explained how Nigeria spends about 887 billion Naira to import steel.

 He said the country imported basic metals made up of  processed steel, aluminium products and associated derivatives consumed in the country. He aid Nigeria imported about 25 million tonnes of steel every year.

 The Minister said the Federal Government was doing everything to turn on all the keys and push all the buttons to ensure that the steel sector was brought back to its rightful place in national development.