May 20, 2020
I am posting below in English and French, an interesting article by PD Lawton, a journalist and creator of the website: African Agenda-A new perspective on Africa– African Agenda. Lawton’s article brings to our attention the importance for developing nations to have an iron and steel industry. The lack of steel production along with the absence of a vibrant manufacturing sector has prevented African nations from escaping underdevelopment imposed on them by colonialism.
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“The role of the Iron and Steel Industry in national industrialization is pre-eminent. This is because steel remains the basic raw material for a host of manufacturing activities and hence the material backbone for national economic development in general.”
“They [ steel industries] are basically strategic industries that serve the long term industrial needs of a nation through their unique role as feeder channels to myriads of other key establishments. No serious programme of industrialization can be contemplated without a strong steel base, at least a steel base that would grow with the visualized scope of general industrialization over a set period.”
“The Steel Industry will continue to serve as stimulus to national development and economy booster to industrial development of a country. The industry will serve as the backbone of industrialization of our great country, Nigeria if all the necessary parameters are put in place. The benefits of having a functional steel industry will translate to a functional country. It should also be noted that steel industry will contribute to all the facets of the economy, including the important role steel plays in economic development and growth.”
Read complete article below: