…as KAM Steel acquires N60bn plant, targets 10,000 jobs
A call has gone to the federal government to expedite actions towards supporting indigenous manufacturers in local capacity building for the steel industry in Nigeria.
The Chairperson of KAM Holding, Alhaja Bolanle Yusuf, who made the call at the official takeover of the Standard Metallurgical Company (SMC) by KAM Steel Integrated Company Limited at Igbafa village in Sagamu local government area of Ogun State.
The transfer of ownership to KAM Steel, an Integrated Company under the KAM Holding, an indigenous investment specialized in the manufacturing of iron and steel products, was witnessed by major stakeholders in the industry.
Alhaja Yusuf said the acquisition was part of the KAM Steel to increase its capacities and reposition Nigeria as a self-sufficient nation, with the target to create 10,000 jobs for Nigerians.
She noted that “If Nigeria must come out of the wilderness of poverty, unemployment…
Source: Vanguard Newspaper