FG Targets 12m Tonnes Of Liquid Steel By 2020

President Goodluck Jonathan, yesterday, said Federal Government had developed an industrial blue-print to ensure the complete development of the iron and steel industry to serve as a catalyst for the domestic and industrial development of the country.

Jonathan spoke after commissioning the 700,000 tonnes 5-Stand Tandem Cold Rolled Steel Plant, built by Wempco Steel Mill Limited at Ibafon, Ogun State, noting that the country would be producing about 12 million tonnes of liquid steel by 2020.

He said steel was one of the most important materials used widely for both domestic and industrial purposes throughout the world, explaining that this was why the Federal Government planned to develop the complete ecosystem of this sub-sector.

The President said his “administration has approved the Minerals and Metals Development Road Map, which was recently presented to the public stipulating time-bound targets for the sector,” pointing out that the strategies to be adopted would ensure the accomplishment of the set objectives of increasing steel production of three million tonnes of liquid steel by the end of this year and progressively increase to 12 million tonnes by 2020.

According to him, the steel sector was at the heart of his administration’s national development endeavour.

He described the building of the steel plant as the single largest private sector investment in the steel sector, and a another milestone in “our determination to reposition our steel sector to play a pivotal role in our match towards industrialisation and national transformation.”

On WEMPCO
Commending WEMPCO for its efforts in developing the country, he said: “By constructing this 700,000 metric tonnes per annum cold rolled steel here to compliment your existing investments in the country, Wempco has demonstrated strong belief and confidence in our economy. I thank you for keeping faith in our country.

“Steel is at the heart of any national economic development endeavour. As we all know, a vibrant steel sector contributes to GDP growth, facilitates exploitation of natural resources and generates economic activities in downstream industries.

“It also promotes job creation, the acquisition of technical skills, transfer of technology and the provision of machine parts and tools. In fact, no nation can industrialise without a vibrant iron and steel sector.

“With increasing globalisation and the growing strategic importance of Nigeria as a key emerging market, we are determined to provide the necessary incentives and support for the growth of the private sector. The steel sector offers immense economic opportunities for our country, which we have not fully exploited.

Industrial revolution plan
“This administration, however, aims to reposition this industry. The Ministry of Industry, Trade and Investment in conjunction with other MDAs, has developed an industrial revolution plan, which has identified the iron and steel industry as a focal sector.

“We are committed to improving our investment climate by providing and upgrading necessary infrastructure such as power, roads and rail. Our aim is to keep attracting foreign and local Direct Investment, DI, into key sectors of the economy that will create jobs, stimulate private sector growth, and contribute technology transfer and, ultimately, economic growth and wealth for Nigerians and Nigeria.

“Government will continue to encourage investors and investments in this and other sectors for the good of our country and her great people. We shall continue to support genuine investors that show interest in investing in Nigeria.
“We expect investors to reciprocate this gesture by showing greater dedication as well as transparency in their investment operations.

Security, self-sufficiency
“We are also working assiduously to bring the security challenges currently facing us under control. Reports from around the world indicate an unacceptable manifestation of insecurity largely orchestrated by individuals, who have no love peace and harmony among members of humanity.
“In this regard, we will continue to collaborate with our friends and allies to bring this menace of insecurity to an end.
“I would like to assure existing and prospective investors of government support as we strive for self-sufficience in local steel production.”

I strongly believe that self-sufficiency will open major downstream sector activities with the attendant massive job opportunities and economic empowerment for our engineers, technicians, artisans, fabricators, alike.”

“You all may recall that a few years ago, we had less than five functioning steel rolling mills and no cold rolling steel mill, but today, there are more than 15 functioning steel rolling mills producing reinforcing bars and three functioning cold rolled steel mills producing cold rolled flat sheet of which WEMPCO is one of them

http://www.vanguardngr.com/2013/04/fg-targets-12m-tonnes-of-liquid-steel-by-2020/

It doesn't sound like a SMART target to me.

quick to talk. what is the current capacity now ?

Sincere 9gerian: FG Targets 12m Tonnes Of Liquid Steel By 2020

President Goodluck Jonathan, yesterday, said Federal Government had developed an industrial blue-print to ensure the complete development of the iron and steel industry to serve as a catalyst for the domestic and industrial development of the country.

Jonathan spoke after commissioning the 700,000 tonnes 5-Stand Tandem Cold Rolled Steel Plant, built by Wempco Steel Mill Limited at Ibafon, Ogun State, noting that the country would be producing about 12 million tonnes of liquid steel by 2020.

He said steel was one of the most important materials used widely for both domestic and industrial purposes throughout the world, explaining that this was why the Federal Government planned to develop the complete ecosystem of this sub-sector.

The President said his “administration has approved the Minerals and Metals Development Road Map, which was recently presented to the public stipulating time-bound targets for the sector,” pointing out that the strategies to be adopted would ensure the accomplishment of the set objectives of increasing steel production of three million tonnes of liquid steel by the end of this year and progressively increase to 12 million tonnes by 2020.

According to him, the steel sector was at the heart of his administration’s national development endeavour.

He described the building of the steel plant as the single largest private sector investment in the steel sector, and a another milestone in “our determination to reposition our steel sector to play a pivotal role in our match towards industrialisation and national transformation.”

On WEMPCO
Commending WEMPCO for its efforts in developing the country, he said: “By constructing this 700,000 metric tonnes per annum cold rolled steel here to compliment your existing investments in the country, Wempco has demonstrated strong belief and confidence in our economy. I thank you for keeping faith in our country.

“Steel is at the heart of any national economic development endeavour. As we all know, a vibrant steel sector contributes to GDP growth, facilitates exploitation of natural resources and generates economic activities in downstream industries.

“It also promotes job creation, the acquisition of technical skills, transfer of technology and the provision of machine parts and tools. In fact, no nation can industrialise without a vibrant iron and steel sector.

“With increasing globalisation and the growing strategic importance of Nigeria as a key emerging market, we are determined to provide the necessary incentives and support for the growth of the private sector. The steel sector offers immense economic opportunities for our country, which we have not fully exploited.

Industrial revolution plan
“This administration, however, aims to reposition this industry. The Ministry of Industry, Trade and Investment in conjunction with other MDAs, has developed an industrial revolution plan, which has identified the iron and steel industry as a focal sector.

“We are committed to improving our investment climate by providing and upgrading necessary infrastructure such as power, roads and rail. Our aim is to keep attracting foreign and local Direct Investment, DI, into key sectors of the economy that will create jobs, stimulate private sector growth, and contribute technology transfer and, ultimately, economic growth and wealth for Nigerians and Nigeria.

“Government will continue to encourage investors and investments in this and other sectors for the good of our country and her great people. We shall continue to support genuine investors that show interest in investing in Nigeria.
“We expect investors to reciprocate this gesture by showing greater dedication as well as transparency in their investment operations.

Security, self-sufficiency
“We are also working assiduously to bring the security challenges currently facing us under control. Reports from around the world indicate an unacceptable manifestation of insecurity largely orchestrated by individuals, who have no love peace and harmony among members of humanity.
“In this regard, we will continue to collaborate with our friends and allies to bring this menace of insecurity to an end.
“I would like to assure existing and prospective investors of government support as we strive for self-sufficience in local steel production.”

I strongly believe that self-sufficiency will open major downstream sector activities with the attendant massive job opportunities and economic empowerment for our engineers, technicians, artisans, fabricators, alike.”

“You all may recall that a few years ago, we had less than five functioning steel rolling mills and no cold rolling steel mill, but today, there are more than 15 functioning steel rolling mills producing reinforcing bars and three functioning cold rolled steel mills producing cold rolled flat sheet of which WEMPCO is one of them

http://www.vanguardngr.com/2013/04/fg-targets-12m-tonnes-of-liquid-steel-by-2020/

k











pls am sorry i quote the whole page, forgive me, and grant me amnesty

Target,Target and Target.

when will we hear of achievement.

SEIO Oil & Gas Co. Plc is a
company owned by some Nigerian
entrepreneurs. The Company was
incorporated in 1999, but commenced
operations in 2005. SEIO’s mission is to
create value through successful
exploration, development and production
of oil and gas resources whilst
contributing to the socio-economic
development of its host societies and
maintaining environmental sustainability.
Graduate Trainee Program 2013
SEIO is looking to expand operations to
Imo, Calabar, Lagos and Delta.
Our Graduate Program is expected to
generate 13,000 jobs . It is an intensive
program and one of a kind opportunity
for young people who are serious about a
career in Oil and Gas to get on the fast
track.
Required Skills and Qualifications
• HND/B.Sc degree in any course from an
accredited Polytechnic/University
•
Minimum of 5 credits (Mathematics and
English inclusive) in WASSCE, GCE, NECO.
•
Applicants should not be more than 26
years of age as at December 2012.
•
Applicants must have concluded NYSC,
and must have discharge certificate in
hand.
•
Excellent verbal and written
communication skills
• Computer literacy is a must.
Available Departments
• Finance/Administrative Department
• Accounts Department
• HSES Department
• Maintenance Department
• Operations Department
• IT Department
• Procurement Department
•
Quality Assurance/Quality Control
Department
Application Closing Date - 7th May, 2013
Interested applicants should send their
updated CV’s to
careers@seiooilandgas.com using the Job
Title as the subject header of the mail.

SEIO Oil & Gas Co. Plc is a
company owned by some Nigerian
entrepreneurs. The Company was
incorporated in 1999, but commenced
operations in 2005. SEIO’s mission is to
create value through successful
exploration, development and production
of oil and gas resources whilst
contributing to the socio-economic
development of its host societies and
maintaining environmental sustainability.
Graduate Trainee Program 2013
SEIO is looking to expand operations to
Imo, Calabar, Lagos and Delta.
Our Graduate Program is expected to
generate 13,000 jobs . It is an intensive
program and one of a kind opportunity
for young people who are serious about a
career in Oil and Gas to get on the fast
track.
Required Skills and Qualifications
• HND/B.Sc degree in any course from an
accredited Polytechnic/University
•
Minimum of 5 credits (Mathematics and
English inclusive) in WASSCE, GCE, NECO.
•
Applicants should not be more than 26
years of age as at December 2012.
•
Applicants must have concluded NYSC,
and must have discharge certificate in
hand.
•
Excellent verbal and written
communication skills
• Computer literacy is a must.
Available Departments
• Finance/Administrative Department
• Accounts Department
• HSES Department
• Maintenance Department
• Operations Department
• IT Department
• Procurement Department
•
Quality Assurance/Quality Control
Department
Application Closing Date - 7th May, 2013
Interested applicants should send their
updated CV’s to
careers@seiooilandgas.com using the Job
Title as the subject header of the mail.

I wonder how many things FG is targeting at 2020...aimless and empty oga's at the top.

Frm 2020 ? I hope dy won't push forward to 2040

bayooooooo: It doesn't sound like a SMART target to me.

Yeah.. I'm having that train of thought too

RiKKies: No do. No do. GEJ they move ooooo...

What's this 1 blabbing?

under which government? Remember there is no continuity of government in Nigeria
They are just deceiving people

Why must it be a round figure year?
2000, 2010, 2015, 2020 etc.

hrmkz: Target,Target and Target.

when will we hear of achievement.

^^^Maybe if previous gov'ts had been honest and proactive regarding Nigerias' steel industry, we wouldn't still be talking of 'targets' by now.

(Jonathan spoke after commissioning the 700,000 tonnes 5-Stand Tandem Cold Rolled Steel Plant, built by Wempco Steel Mill Limited at Ibafon, Ogun State, noting that the country would be producing about 12 million tonnes of liquid steel by 2020.)

[b]This is a very wellcome development. Steel production is very important and critical for any Nation that is aiming at massive industrialization. If the privatisation and reforms going on in the Electricity sector results in the expected major upliftment of electricity production and transmission, plus the rehabilitation of the Rails going on across the country, then the local and foreign investments into this economy that we seek shall be a reality sooner than we think.
The second Niger bridge should be started and let us see it being done. I have read a lot resently about it so I want to see it started so that we start counting that into GEJ's steadily climbing achievements.
Jonathan does not inspire confidense as a Leader should, neither does he have the charisma or the boldness that a leader should have, but truth be told, Jonathan is getting it right in very critical sectors of the economy, and that is what matters. So Mr president, you are not doing badly, but you can do a lot more. Thank you.[/b]

Why is 'FG' targetting something something, isnt it a private company handling this?

Sincere 9gerian: FG Targets 12m Tonnes Of Liquid Steel By 2020

President Goodluck Jonathan, yesterday, said Federal Government had developed an industrial blue-print to ensure the complete development of the iron and steel industry to serve as a catalyst for the domestic and industrial development of the country.

Jonathan spoke after commissioning the 700,000 tonnes 5-Stand Tandem Cold Rolled Steel Plant, built by Wempco Steel Mill Limited at Ibafon, Ogun State, noting that the country would be producing about 12 million tonnes of liquid steel by 2020.

IBAFO

Dax a wlcme dvelopmnt mr jona,may allah bless u sir. Less i 4gt i wil stil vote 4 jonathan in 2015 walai talahi

well best of luck make evrybody come dey invest in d southwest dats wat i want whether gej or acn we yorubas want development hope we stand to gain from dis and not some few individuals like d niger delta.hmm dats all

Nothing new, they are just recycling steel scraps and rolling. They should complete the steel plants in Nigeria so that we can produce steel from the iron-ore.

So GEJ even went to Ogun to commission such a huge project? No wonder Lai Lai muhamid tried unsuccessfully to distract us with the Lagos Traffic story. Chai!! it shall not be well with ACN and APC.

[size=13pt]Shey "YANSH" still dey back? ..Abeg commot from road jor.[/size]..

1. Delta Steel Company Ovwian Aladja, Delta Steel
2. Jos Steel Rolling Company, Jos Plateau State

3. Katsina Steel Rolling Company, Katsina State

4. Oshogbo Steel Rolling Company, Osun State

5. Ajaokuta Steel Company, Kogi State

6. National Iron Ore Mining Company Itakpe, Kogi State

7. National Steel Raw Materials Exploration Agency, Kaduna State

8. National Metallurgical development Center, Jos Plateau State

9. Metallurgical Training Institute Onitsha, Anambra State 

Lying idol,


Waiting for 2020 again!

hrmkz: Target,Target and Target.

when will we hear of achievement.

What a dumb and stup.id comment. Is the establishment of a fully functional 700,000 tonne per year steel plant for the first time in the nation's history not the first achievement, which you've ignored to type this gibberish? You're too busy looking for what to criticize to notice the achievement staring you in the face right now. smh.

Bunch of liars! This is a propaganda... A rolling mill is not the same as Nigeria producing steel. Which Iron Ore is WEMCO exploiting?
What happens to Ajaokuta steel company ltd?

Rossikk:

What a dumb and stup.id comment. Is the establishment of a fully functional 700,000 tonne per year steel plant for the first time in the nation's history not the first achievement, which you've ignored to type this gibberish? You're too busy looking for what to criticize to notice the achievement staring you in the face right now. smh.

You're the dumbest! Functional steel plant, Where are they digging the iron ore from? Did you say for the first time in Nations history? Does the name Ajaokuta reminds u of anything? A rolling mill is not the same as asteel plant, Ajaokuta steel company has steel plant, a blast furnace, 5 auxilliary units, a power plant,
6 rolliing mills, the billet mill, light section mill, medium section mill, strip mill, angle and wire rod mills, flat sheet mill.
One of these mills is bigger than your funny 700000 tonne plant. There's a national iron ore mining company at Itapke with a direct rail link to Warri and Ajaokuta.
If u've ever been to Ajaokuta you will know what i'm talking about.

we re fed up with pdp and thier swindling stategies. with d major steel company (DSC ovwian -aladja)nw grunded & other major ones, hw kud this target b achieve?

Arogba:
You're the dumbest! Functional steel plant, Where are they digging the iron ore from?

No, they have nowhere to dig the iron ore from. They just woke up one morning and decided to build a 700,000 ton per year steel plant and then wonder about the iron ore later. DAFT FOOL.

Did you say for the first time in Nations history? Does the name Ajaokuta reminds u of anything?

I said FUNCTIONAL. Does that word mean anything to you?

A rolling mill is not the same as asteel plant, Ajaokuta steel company has steel plant, a blast furnace, 5 auxilliary units, a power plant,
6 rolliing mills, the billet mill, light section mill, medium section mill, strip mill, angle and wire rod mills, flat sheet mill.
One of these mills is bigger than your funny 700000 tonne plant. There's a national iron ore mining company at Itapke with a direct rail link to Warri and Ajaokuta.
If u've ever been to Ajaokuta you will know what i'm talking about.

You reason like a COW. What has all this got to do with the new steel mill being commissioned? How many tonnes of steel has Ajaokuta produced so far, for you to be coming here and listing all this nonsense? A steel plant is only as good as the products that come out of it. If Ajaokuta is not yet ready to produce, STFU.

Wit president GEJ in 2011, it was fresh Air. I think if he's given anoda 4yrs to continue his journey we will hv FRESHER AIR. GEJ more grease to ur joints.

2020? ok na, till then!

Rossikk:

No, they have nowhere to dig the iron ore from. They just woke up one morning and decided to build a 700,000 ton per year steel plant and then wonder about the iron ore later. DAFT FOOL

When you don't know about something, you learn! He is lecturing you for free and you refuse to learn. WEMCO is just a cold rolling plant. They don't produce steel from iron ore. The only way they can get liqiud steel is from recycling steel scrap,