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    SEC alerts Nigerians of illegal operator Silverkuun Investment Cooperative Society/Silverkuun Limited

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    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

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Soludo commissions steel manufacturing company in Anambra state

Saturday, 10 June 2023, 1:17 pm
in Business, Industry
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Soludo commissions steel manufacturing company in Anambra state
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Anambra State Governor, Chukwuma Soludo has reiterated his commitment in encouraging industrialization and technology development in the state.

Soludo, who commissioned Milton Steel Manufacturing Company Limited, located in Awkuzu, Oyi local government area of Anambra State on Friday, said his “administration’s objective is to transition from a primarily informal commercial sector to one that is industrialized, a technology hub, and a spot for leisure and entertainment.”

Milton Steel Manufacturing Company was founded by Hon. Innocent Ojike who is also the company’s majority shareholder and member-elect , Anambra State House  of Assembly, Oyi constituency.

“The company, which is the first steel facility in the south-east of Nigeria, is located in Awkuzu, Oyi LGA. It will manufacture rods and steel of all sizes, one of the basic resource required for full industrialization,” Soludo said while speaking at the event.

“As a government, we stand ready to provide every assistance. We have signed an agreement with EEDC to provide the state with 24-hour electricity. We will put in necessary infrastructure to make this happen now that power is on the concurrent list.

“My primary responsibility as a Governor is to serve as the chief marketing officer for everything produced in Anambra. The best way to create jobs is to buy items made in the state. When you buy products made in the diaspora, you are creating jobs in other countries.

“I am here to celebrate three things; the company, industry, and the homeland consciousness of the Founder. This is another reminder to Ndi Anambra in Diaspora and, indeed the world, that Anambra is ready for business. Come invest in Anambra!”

Speaking at the event, the the Chairman and Managing Director of the company, Innocent Ojike, implored Governor Soludo to allow the company connect to the Airport 33kv feeder, which it says will guarantee the 8-hour non-stop power supply needed by the heating and melting equipment.

“We at Milton Steel Manufacturing Company Limited are determined to take our place at the forefront against the twin evils of poverty and unemployment the country. The company which specializes in the production and manufacturing of steel rods of all sizes, currently has a strength of 200 employees including expatriates and also has capacity to employ over 2000 Anambrarians in the nearest future.
“Moreso, the Milton Steel Manufacturing Company Limited will collectively among other things, build a seamless Nail Plant, which will also create jobs that will improve the standard of living of all workers in the company and their households.
“We would like to use this opportunity to appeal to Mr Governor to grant us permission to connect to the Airport 33kv feeder as these will sustain the heating and melting equipment that are timed for eight hours nonstop processing, as the current Aguleri feeder cannot guarantee such hours of power supply. The equipment mechanism works in a way that, if they are interrupted during production, as a result of power outage, all raw materials in processing will become waste. We plead that our request will be considered to increase our productivity.”
Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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