Nigeria stands at a point where industrial diversification has become more urgent than ever. Reviving ALSCON would stimulate downstream aluminium industries, cable manufacturing, automotive components, building materials, packaging, and trigger high-value job creation across the Niger Delta and beyond. It would also improve Nigeria’s non-oil export earnings and reposition the country within the global metals market.
A significant shift is underway in Nigeria’s solid minerals landscape, with Ekiti State emerging as a focal point. Long recognized for its intellectual capital and serene environment, the state is now attracting investors for a more tangible reason: scientifically verified deposits of bauxite, the primary ore for aluminum production. As Nigeria seeks to diversify its economy and reduce its reliance on imported raw materials, Ekiti’s emergence as a bauxite hub represents a compelling frontier for industrial investment.
The long and unfinished journey of the Aluminium Smelter Company of Nigeria (ALSCON) remains one of the most important industrial stories in the country’s recent history.
Amid rising global crude prices fueled by hostilities involving the US, Israel, and Iran, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria’s daily crude oil production rose significantly from 1.48 mbpd in February to 1.84 mbpd in March.
In 2022, the factory was inaugurated and presented as ready for operation. However, while the building and equipment were in place, the plant did not undergo the full technical commissioning required for industrial production.
“Beyond that marine transportation, I want commercial activities to be back here so that our fishermen can practise their trade. We have cold room facility, dry storage facility and fish drying facility so that that business can thrive. We have to make this place very conducive and lucrative,”
According to Taiwo Oyedele, this is a last resort. It should only happen after all administrative processes, audits, and court appeals have been fully exhausted.
ShareShareTweetPin0 Shares Eno signs ₦1,584 tn 2026 budget into law Akwa Ibom State Government is to spend ₦1,584,271,856,630 in the 2026 fiscal year, and this is official. This emerged yesterday, 5 January 2026, as State Governor Umo Eno signed into law the year’s budget during the enlarged State Executive Council meeting held at the…
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ShareShareTweetPin0 SharesUbong King Foundation unveils youth empowerment plan, skill development programme By Emmanuel Ntekim The Ubong King Foundation, a non-profit organisation committed to youth development across Africa, has announced preparations for its 2026 Thinkation event, themed “Reinvent the Future!”, scheduled to hold in Uyo, Akwa Ibom State. The event, tagged “The Home Coming,” marks…
