The Ajaokuta Steel Controversy Rages - THISDAYLIVE

Kingsley Nwezeh examines the sorry state of the Ajaokuta Steel Complex envisioned as Africa’s industrial hub 38 years ago, its potential, attempts to resuscitate it the approval of $1 billion by the National Assembly and President Muhammadu Buhari’s refusal to sign the bill into law

The Minister of Mines and Steel Development, Alhaji Abubakar Bawa Bwari, said as a government on a rescue mission, the Buhari administration was determined to complete the projects before the end of its tenure. “The Lokoja and Warri Ports are being worked on and the Onne seaport is there. These are some of the things that will make Ajaokuta 100 per cent functional

The bill, which was passed in December last year, states that all monies that may from time to time be appropriated and authorised by any tier of government should be part of the funding for the completion of the company. “The nation cannot afford to commit such an amount in the midst of competing priorities with long-term social and economic impact that the funds can be alternatively deployed towards.

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Source: Daily Trust - 🏆 13. / 51 Read more »