{"id":28354,"date":"2024-04-22T12:35:16","date_gmt":"2024-04-22T12:35:16","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=28354"},"modified":"2024-04-22T12:35:16","modified_gmt":"2024-04-22T12:35:16","slug":"3-2bn-alscon-project-in-nigeria-remains-dormant-for-27-years","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/04\/22\/3-2bn-alscon-project-in-nigeria-remains-dormant-for-27-years\/","title":{"rendered":"$3.2bn ALSCON Project in Nigeria Remains Dormant for 27 Years"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-lzear-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-lzear-1n7m0yu\">\n<div class=\"flex flex-col text-sm pb-9\">\n<div class=\"w-full text-token-text-primary\" dir=\"auto\" data-testid=\"conversation-turn-35\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 juice:gap-4 juice:md:gap-6 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"relative flex w-full flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"1632e46f-5bef-4b0d-b098-865dd08abad7\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Nigeria&#8217;s aspiration of establishing a thriving aluminium industry faces prolonged setbacks as the $3.2 billion Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, remains inactive, missing yet another revival deadline.<\/p>\n<p>Originally commissioned in 1999 with the objective of harnessing Nigeria&#8217;s abundant gas reserves to curb gas flaring and generate electricity for the smelter plant, ALSCON has been non-operational since 2007.<\/p>\n<p>Initially slated for resumption in 2020, subsequent delays pushed the deadline to 2023, which now seems improbable to achieve.<\/p>\n<p>The project has grappled with persistent delays, financial constraints, and contractual disputes spanning over two decades, with the most recent deadline being missed in the last quarter of 2023.<\/p>\n<p>Despite assurances from Nigeria&#8217;s vice president, Kashim Shettima, and disclosures from Gabriel Aduda, permanent secretary of political and economic affairs, regarding agreements with Russian Aluminium Company \u2013 UC Rusal, a partner in the project, the revival remains elusive.<\/p>\n<p>This latest setback has reignited skepticism among Nigerians, who question the project&#8217;s viability and its anticipated economic benefits, citing escalating costs, recurrent missed deadlines, and a lack of transparency as indicators of mismanagement and inadequate planning.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria&#8217;s aspiration of establishing a thriving aluminium industry faces prolonged setbacks as the $3.2 billion Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, remains inactive, missing yet another revival deadline. Originally commissioned in 1999 with the objective of harnessing Nigeria&#8217;s abundant gas reserves to curb gas flaring and generate electricity for [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":28355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[851],"class_list":["post-28354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alscon"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/28354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=28354"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/28354\/revisions"}],"predecessor-version":[{"id":28382,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/28354\/revisions\/28382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/28355"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=28354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=28354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=28354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}