FG seeks partnership to revitalise Ajaokuta Steel Coy

The Minister of Mines and Steel Development, Mr Musa Sada, has called for collaboration between investors and the federal government to develop the Ajaokuta steel mill.

A statement from the ministry in Abuja on Saturday said the collaboration would boost the country’s economic development.

The statement said the minister, who was represented by the Permanent Secretary in the ministry, Mr John Jegede, made the appeal when he visited the company.

It said the government planned alternative ways to fund the completion of the company so that it could begin operation.

The statement said the plant was crucial to the realisation of the transformation agenda of the government as it would contribute to industrial growth and job creation.

“The federal government and the ministry are looking for alternative ways of funding the completion of the steel plant as it is the bedrock of the nation’s industrialisation.

“Currently, we have signed a memorandum of understanding to complete some segments of the project and those that were not working before are now functioning,’’ the statement quoted the minister as saying.

It said he commended the company’s workers for their efforts in making the plant viable in spite of its long abandonment.

It said the minister also urged the management of the company to come up with concepts that could encourage the signing of more memoranda to revitalise the plant.

The statement said that Sada also visited the National Iron Ore Mining Company, Itakpe, one of the agencies under the ministry where he said the government was determined to utilise the company to its full capacity.

It quoted the Sole Administrator of the Ajaokuta steel mill, Mr Joseph Onobere, as saying that the plant would put the country on the path of industrialisation if completed. (NAN)

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