The Tinubu administration is once again committed to reviving the Aluminium Smelter Company of Nigeria (ALSCON), notably by interacting with important industry stakeholders, according to Vice President Kashim Shettima.
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On the eve of the upcoming Russia-Africa Summit in St. Petersburg, Russia, he addressed the management of the Russian Aluminium Company – UC RUSAL and other project stakeholders.
Following a presentation by UC RUSAL management, the vice president stated that the economic benefits were substantial in a variety of areas, including the area of energy transition, the creation of both direct and indirect jobs, and its impact on the growth of small enterprises.
The Vice President, in a statement by Olusola Abiola Director of Information, Office of the Vice President, urged all the stakeholders to expedite work on the plan of action to restart production at the company.
Earlier, Vice President Shettima joined other African leaders at the Russia-Africa Economic and Humanitarian Forum declared open by Russian President, Vladimir Putin.
President Putin noted in his opening remarks that the potential for trade and economic cooperation between Russia and African countries was much higher than the trade turnover of USD 18 billion seen in 2022.
He restated his country’s commitment to food security in Africa and beyond, stressing that “Russia will continue to work towards shaping a more equitable global food distribution system.”
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