We pray Ajaokuta Steel Company Starts Production By 2022,Minister of Mines & Steel Development,Mr. Olamilekan Adegbite said
 

The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, has said that with the progress made during the Russia-Africa Summit in Sochi, the Federal Government is praying that production in Ajaokuta Steel company should begin within the next two or three years.

President Muhammadu Buhari in October, met with President Vladimir Putin during the summit to discuss opportunities in exploring and expanding security, trade and investment, science and technology, and gas production.

The highlights of the meeting include putting Nigeria-Russia relations on a fast track and pursue the completion of partially completed and abandoned projects initiated by both countries.

Mr Adegbite who was a guest on Channels Television’s Politics Todaygave more insight on the outcome of the meeting and what the mid-term expectations are about the Ajaokuta steel company located in Kogi state, which has gulped billions of naira by successive administrations since Nigeria returned to democracy in 1999.

The Minister explained that the Federal Government is looking at exploring the potentials of the mines and steel sector in its diversification drive, owing to what it can offer the country if properly harnessed.

He added that government in the past had adopted different methods, including the private and commercial sector to complete and ensure it produces steel, but all attempts have been futile.

“Government had tried in the past since Ajaokuta was completed to make sure that it produces steel; we tried with the private and commercial sector, but it never worked.

“We have tried using the private sector to kick-start Ajaokuta but it never worked, so we decided to go back to the original builders of Ajaokuta which was built by the Soviet Union in those days, particularly between Russian Federation and Ukraine, which is the request the President made to President Putin in Russia and he agreed on this government to government relationship to bring Ajaokuta back on stream.”

We pray Ajaokuta Steel Company Starts Production By 2022,Minister of Mines & Steel Development,Mr. Olamilekan Adegbite said

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