Director General and Chief Executive Officer of the National Steel Raw Materials Exploration Agency (NSRMEA), Mr Kola Ogunbiyi has revealed that the Performance Bond signed last March in the presence of the Hon. Minister of Steel Development, Prince Shuaibu Abubakar Audu, the Minister of State, HE. Uba Maigari Ahmadu, and Permanent Secretary, Dr Mary Ogbe is set to be adopted and implemented within the internal ranks and departments of the agency.
Speaking during a recent chat in his office in Kaduna, the DG said the Performance Bond signed before the leadership of the Ministry, in accordance to the presidential directive towards the full attainment of the deliverables that will bring about job creation, industrialisation, and poverty alleviation, will be scaled down to the departments and units within the agency.
"After the Performance Bond was signed in March 2024 in the presence of the Hon. Minister, Hon. Minister of State, and Permanent Secretary, we immediately domesticated its deliverables in the agency. We are now getting all heads of departments and units to sign Performance Bonds, while they will also do the same in their various departments and units for their staff. What we aim to do is to ensure that every member of staff is in tandem with the presidential deliverables and what is expected of the agency.
"We are already seeing the result of the pledge with our people across all the projects that we're implementing. We have the Silica Sand, Manganese, Bauxite, Iron Ore, and Coal exploration projects of different levels and we are achieving great results in many of these places, uncovering commercially viable resources which can turn around the economic fortunes of this nation," he said.
Speaking further, he said that the steel industry has the potential to drive the industrialisation agenda of government, diversify the revenue base, and help the President attain a $1 Trillion economy, while helping to lift 100 million Nigerians out of poverty.
"We know what our KPIs are. We understand what is required of us as an agency, and we have been able to trickle it down to the most junior member of staff, so that we can actualise the deliverables assigned to us. In the same vein, we are putting systems in place for reward and consequence, and those who fail to perform as required will face punitive measures as well," he said.
The Performance Bond is a pledge required by all MDAs under the President Tinubu administration, declaring that they know what is required of them and are committed to work towards achieving the deliverables set out by the administration. According to the Special Adviser to the President on Policy Coordination, the Bond contains key performance indicators (KPIs) to be reviewed quarterly.
"We will also be reviewing what our own departments and units will be doing based on spelt out KPIs and we will assess them on a continuous basis to ensure they act in line with expectations.
