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Mines and Steel Development

 

 Mines and Steel Development Dept

 
The Mines & Steel Development (M & SD) Department of the BPE is responsible for the privatization and reform activities in the Mining and Steel Sectors. The Department consists of three (3) units:
 
1.    Coal:
The unit handles the privatization of the Nigerian Coal Corporation, which involves the sale of the core and the non-core assets of the Corporation. The core assets consist of nine coal blocks. The non-core assets include movable non-core assets that include office equipment, furniture and fittings. The immovable non-core assets are undeveloped land, residential and commercial buildings and plantations located in Enugu and Kogi States.
 
2.    Mines:
The unit oversees the privatisation of the core and non-core assets of the Nigerian Mining Corporation, (NMC). The core assets are made up of subsidiaries and Joint Ventures/Associated Companies and some mineral titles. The non-core assets are made up of landed properties, that is, residential houses, commercial buildings and undeveloped plots of land. NMC had about twenty-one (21) subsidiaries, forty (40) Associated Companies/Joint Ventures and over sixty (60) mining titles that are slated for privatization; majority of which have been privatized.
 
3.    Steel:
The Steel unit is responsible for the privatization of seven steel enterprises; five of which have been privatized. Only Ajaokuta Steel Company (ASCL) and National Iron Ore Mining Company (NIOMCO) are yet to be privatized.
 
Enterprises in the Department
1.    Coal:
a.    Okaba Coal Block;
b.    Ogboyega Coal Block I;  
c.    Ogboyega Coal Block II;
 
These have been successfully concessioned and handed- over to the core investors in 2007;
d.    Ezimo Coal Block
 
There is a Memorandum of Understanding (MOU) between the Federal Government and an investor, HTG-Pacific Energy Consortium since 2012 to carry out studies and investigations and prepare reports for the development and mining of the coal block and the construction and operation of a 1200MW Coal-fired power plant.
e.    Ogwashi-Azagba Coal Block;
f.      Inyi Coal Block;
g.    Amansiodo Coal Block;
h.    Okpara Coal Block;
i.     Onyeama Coal Block;
 
These coal blocks are yet to be privatised.
j.     Owukpa Coal Block
 
This Coal block was determined as green field and was returned to the Mining Cadastre Office (MCO) in 2014
 
2.    Mines:
a.    Naraguta Bricks & Clay Company Ltd, Jos ,Plateau State;
b.    Maiduguri Bricks & Clay Products Ltd, Maiduguri, Borno State;
c.    Terrazzo Company Limited (NTL), Gurum, Jos, Plateau State;
d.    Kujama Quarry, Kaduna;
e.    Gano Quarry, Kano; and
f.     Gubi Quarry, Bauchi State
 
The unit also oversees the sale of the NMC residential/commercial houses and plots of land located in Jos, Plateau and Madalla, Niger States respectively.
 
3.    Steel:
a.    Ajaokuta Steel Company (ASCL) / National Iron Ore Mining Company  (NIOMCO)
Following the termination in 2007 of a 10 –year Concession Agreement for ASCL and NIOMCO that was signed with Global Infrastructure Nigeria Limited (GINL) in 2004, under the direct supervision and control of the then Federal Ministry of Power and Steel, an arbitration challenge ensued when GINL went to the London International Chamber of Commerce Arbitration (LICCA) Tribunal seeking redress against the revocation. The Concession Agreement was to be revalidated as part of the Settlement Agreement with GINL. Consequently, a Modified Concession Agreement (MCA) was signed in 2016 between GINL and FGN, transferring NIOMCO to GINL; thereby making ASCL available to FGN for privatization.
 
b.    Delta Steel Company (DSC)
In 2005, the FGN privatized 80% of DSC’s equity to Global Infrastructure (Nigeria) Limited (GINL)/Global Infrastructure Holdings Limited (GIHL). However, the company has been sold to Premium Steel & Mines Limited (PSML) by the Receiver/Manager on behalf of Asset Management Company of Nigeria (AMCON).
 
c.    Aluminium Smelter Company of Nigeria of Nigeria (ALSCON)
There are currently legal issues on the sale of ALSCON and the ownership of ALSCON between BFIG and RUSAL which are still unresolved.
d.    Steel Rolling Mills:
                                     i.        Jos Steel Rolling Mill;
                                    ii.        Katsina Steel Rolling Mill; and
                                   iii.        Oshogbo Steel Rolling Mill
The liabilities of the three-Inland Rolling Mills informed the decision of the NCP to liquidate the companies through a court-appointed liquidator process.
 
 

 Director's Profile

 
MUHAMMAD DIKKO ABDULLAHI is the Director, Mines and Steel Development (M & SD) Department. He joined the Bureau in October 2000 and has worked in various Departments and units of the Bureau, where he participated in the successful privatisation of enterprises like Savannah Sugar Company, Sunti Sugar Company, and National Sugar Companies, Bacita.
 
As a Deputy Director, Dikko was in charge of Budget Design in the Bureau and was the pioneer Finance Manager of the International Development Association (IDA) Unit. He was also part of the team that started the World Bank Privatisation Support Project (PSP) that was implemented by the Bureau and other agencies.
 
Dikko, who holds a Bachelor of Science Degree in Economics and a Master’s in Business Administration from the Ahmadu Bello University, Zaria, was at different times the Head of the Central Account and Audit Units of the Bureau. He also holds a Diploma in Financial Management and Disbursement in the IFI-financed projects from the International Training Centre, International Labour Organization, Turin, Italy and Post- Graduate Diploma in Islamic Banking & Insurance from the Institute of Islamic Banking & Insurance, London in the United Kingdom.
 
He was a lecturer with the Hassan Usman Polytechnic, Katsina, where he taught Economics, Mathematics and Statistics.  He was also with the Katsina State Civil Service, where he served in various capacities with different Ministries and Parastatals, as an Accountant. Before joining the Bureau, he was the Financial Controller of the Katsina State Agricultural and Community Development Project (KSACDP) which was supervised by the World Bank.
Dikko is a member of the Nigerian Institute of Management (MNIM) (Chartered) and the Chartered Institute of Cost and Management Accountants (ACMA). He is also an Associate Fellow, Institute of Islamic Banking & Insurance (AFIIBI). He has attended several short courses including “International Procurement” by the International Law Institute (ILI) in Washington D. C which he attended in March 2011. In 2003, he attended the “Financial Analysis, Budgeting, Advanced Auditing and Evaluation” by the London Management School, United Kingdom.
 
He also attended the “Tally Financial Accounting Programmme” by the Tally Institute in Bangalore, India in 2007 and the Strategic Management Training programme by The Graduate School of Business Leadership (GSBL) at University of South Africa (UNISA), Johannesburg, South Africa in 2008. Similarly, in 2009, he attended the “Training on E-procurement” by Euro Training Limited, Dubai, UAE.
 
Dikko, who is married with children, likes sports and has played football actively in the past. His hobbies include reading, music, movies and travelling.