House of Representatives to resist move to concession Ajaokuta Steel Company Limited

Speaker of the House of Representatives, Yakubu Dogara has disclosed that the parliament will resist any move to concession Ajaokuta Steel Company Limited, saying that doing so would amount to concessing Nigeria’s future.

The speaker, who said it is a collective shame to all leaders that the project is yet to be completed after so many years, made these statements when he led members of the House Committee on Steel to the company in Kogi State.

Dogara also announced that the House will consult with stakeholders to work out ways to source for the $500 million needed to complete the last phase of the project, while noting that except the political will is lacking, getting the funds to complete the company should not be an issue.

He explained that his determination to ensure that the steel company is revived is borne out of the promises that the company holds for Nigeria’s teeming population in the form of power and gas development, economic boost, thousands of jobs creation, development of manufacturing sector, development of infrastructure, investor appeal, among others.

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