As private investors begin the running of the National Iron Oil Mining Company (NIOMCO) in Itakpe, Kogi state, the state governor, Alhaji Yahaya Bello, has appealed to the communities hosting the project to support and cooperate with the investor to enable them bring life back into the company.
Apart from this, the governor said the state would partner with the Bank of Infrastructure for the development and rehabilitation of the infrastructural facilities in The state
The governor, who said this on Friday after a meeting with the management of the Global Holding Infrastructure Company Limited, said the organisation was expected to take charge of the Itakpe mine field and Ajabanoku mine field serving the mining company.
According to him, all arrangements had been concluded to ensure that the company commence operations and embark on due diligence on August 2.
He said when fully on track, the company also partner with the state government to develop the coal deposit in the state to energy to generate electricity for the state.
He noted that the state government was prepared to partner with the investors in their quest to bring back the company by injecting funds into it and further aid the economic development of the state.
He explained that government had already put in place the necessary machinery to ensure adequate security for lives and equipment to be deployed for the successful reinvigoration of the moribund company.
Bello explained that part of the agreement for the take off of the project was the renovation of the expansive housing estates of the company, this, he said would be in the interest of the state.
He added that the revamping of the company would bring immense benefit to the state as it would lead to employment opportunities, skill transfer, wealth creation and multiplier effects on the economic development of the state.
Also speaking, the state commissioner for finance, Idris Ashiru, said the state government was poised to ensure a peaceful and sustainable community relationship to aid the operations of the company.
He said the coming on board of NIOMCO would help the state government to achieve some of the objectives of its “New Direction” mantra by making life more meaningful for the people through gainful employment.