The Federal Government is to restart operations at the Aluminium Smelter Company of Nigeria(ALSCON) in Ikot Abasi, Akwa Ibom by the end of 2023.
The Minister of State, Mines and Steel Development, Dr Uchechukwu Ogah, made this known when he paid a courtesy visit on Gov. Udom Emmanuel of Akwa Ibom in Government House in Uyo on Friday.
”President Muhammadu Buhari has directed that ALSCON in Ikot Abasi be revamped and reactivated before the end of the present administration.
“President Buhari has mandated that ALSCON should be reactivated as soon as possible, so we believe that before the end of this administration ALSCON will be running.
“A lot of approvals have been gotten from the Federal Executive Council, concession for the utilization of gas, so I believe with all the efforts put in place, ALSCON will be a glorious outcome,” Ogah explained.
He expressed optimism that at the end of the present administration, the company will commence operations.
The minister said that his two-day facility visit to ALSCON would ascertain the level of work at the company, and assured Akwa Ibom people that glorious days await the state soon.
He further explained that with the intervention of the Federal Government in the moribund status of the company, other legal issues would be resolved.
“It is a growing concern and we believe that they will be sorted out as we keep progressing, we believe that based on the intervention from the Federal Government all the legal issues will be resolved soon,” he noted.
He pointed out that the Federal Government seeks partnership with Akwa Ibom Government to create ease and a hitch-free atmosphere for solid mineral exploration in the state.
Ogah added that the collaboration would create opportunities for employment and wealth creation in the country.
Responding, Gov. Emmanel stated that the reactivation of ALSCON located in Ikot Abasi, Akwa Ibom would stimulate the entire economy in the country.
He promised that his administration would partner with the federal government to ensure that the Aluminium factory comes back to live.
The governor described the steps taken by the Federal Government as positive steps in the interest of the country and the masses.
“As a state we are willing to give all the necessary support so that the project can actually come on stream.
“Trust that we will work together and we will make it work, it is in the interest of the country, it is in the interest of the masses, it will help our economy,” he said.
Gov. Emmanuel maintained that the bringing back the project was beyond partisan politics and smacks development in governance.
The governor thanked President Buhari for approving steps to revamping the ALSCON, describing the move as efforts towards economic viability and the much needed diversification.
ALSCON is a joint venture project between the Federal Government and two foreign technical partners, Ferrostaal AG of Germany and Reynolds International Inc. U.S., with 70, 20 and 10 per cent holdings respectively.
ALSCON incorporated in 1989 is estimated that the plant when fully operational, would utilise close to one billion cubic metres of gas annually.
The federal government said the revival of ALSCON will create many downstream opportunities and support aluminium product operations that are dotted all over the country.
