- The speaker of House of Representatives, Yakubu Dogara, says the Ajaokuta Steel Complex is capable of transforming the country
- He says that there was no reason for the company to have failed
- Governor Bello calls for effective collaboration among the arms of government at the federal level in pursuit of development in the country
The speaker of House of Representatives, Yakubu Dogara, says the National Assembly will not allow concession of any national economic assets.
Dogara said this on Monday, February 12, in Ajaokuta, Kogi, after a facility tour of Ajaokuta Steel Complex in company with the state governor, Alhaji Yahaya Bello, the News Agency of Nigeria (NAN) reports.
He said that facilities at the complex were capable of transforming the country and blamed the collapse of the steel company over the years on lack of political leadership. The speaker said that there was no reason for the company to have failed.
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Dogara stressed that the National Assembly would complement President Muhammadu Buhari’s determination to revive the steel company, which had the potential to generate initial 10,000 jobs for Nigerian Engineers and another two million multi-sectoral jobs.
He remarked that with the willpower shown by the president, 500 million dollars required to complete the project could be sourced from many avenues, including Sovereign Wealth Fund, opened to the government.
On his part, Governor Bello called for effective collaboration among the arms of government at the federal level in pursuit of development in the country.
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Bello urged the Federal Government to use a fraction of the recovered looted funds to revive the Ajaokuta Steel Company.
Meanwhile, Kayode Fayemi, the minister of mines and steel development, has announced the appointment of Abdul-Akaba Sumaila, as the acting sole administrator of the Ajaokuta Steel Complex.
Sumaila replaced Joseph Isah, who retired from the civil service in September, having attained the mandatory 35 years in service.
NAIJ.com gathered this in a statement signed by Olayinka Oyebode, special assistant on media to the minister of mines and steel development.
He was until his appointment, a senior advisor, government relations with Shell Petroleum Development Company.
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Source: Naija.ng
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