Ajaokuta Steel Company To Become Functional This Year–FG

By Ikenga Chronicles September 12, 2019

Ajaokuta Steel Company To Become Functional This Year–FG

The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite, has said that the FG is doing all it can to make sure that some sections of the Ajaokuta Steel Company will work before the end of the year.

He said this when he received the Russian Ambassador to Nigeria, Alexey Shebarshir in his office.

In a statement from the ministry yesterday, Adegbite was quoted as saying that the Federal Government is working round the clock to ensure that some sections of the company start production before the end of the year.

“The federal government will revitalize the Ajaokuta Steel Company to produce optimally,”Adegbite said.

The minister pointed out that government did not deliberately abandon the company but that due to some legal encumbrances, it has not been producing optimally.

He said government has been expending huge amounts of money to ensure that the assets at the company are not vandalized.

Adegbite assured the Russian ambassador of government’s readiness to welcome any collaboration aimed at revitalising the steel industry to operate at full capacity.

The minister said the plan on ground is to engage relevant companies on meaningful discussions with a view to employing strategic approaches on the best ways to reinvigorate the Ajaokuta Steel into full production so as a achieve the vision of making it the hub of industrialization not only to Nigeria but Africa at large.

Source: Daily Trust