The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, weekend hinted that despite Nigeria being the second largest producer of steel and iron ore in Africa, the federal government commits over N500 billion ($3.3 billion) every year to importion of roofing sheets, nails, rooof tiles, headpans, wire gauze among others, which are produced from steel and iron minerals. Aganga stated this in Ilorin, Kwara state capital, during a pre-commissioning visit to the cold roll mill project of Kamwire Steel Industries, Ilorin. According to him, "the money spent on the importation may increase from $3.3 billion to $15 billion in the next decades if necessary measures were not put in place in the nation's industrial policy". Aganga, noted that any country that relies entirely on exporting raw materials without having a strong industrial and related services sector would remain poor. "So, if people like Alhaji Kamaldeen Yusuf and others do not do what they are