Ajaokuta Steel Host Community Rejects Planned Sale — Leadership Newspaper
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Ajaokuta Steel Host Community Rejects Planned Sale

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A Kogi socio cultural group, Ebira People’s Association (EPA) has out rightly rejected the federal government’s planned sales of the 40 year-old steel company in Ajaokuta.

Addressing newsmen in Abuja, yesterday, the President of EPA, Dr Abdulrahmman Adeiza said, sales is not an option after 6.4 billion dollars has been expended on the project, with 98 per cent completion work on the steel complex has been achieved and only needed 600 million dollars to complete it.

Instead, Dr Adeiza appealed to the federal government to summon the necessary political will to source for the 600 million dollars needed to compete the remaining work on the steel complex in order to save Nigeria of the six billion dollars its spending on steel importation annually.

“As citizens of the Federal Republic of Nigeria and representatives of the host community, we are worried that instead of concerted efforts to complete the steel plant, the federal government has chosen to sell the plant.

“This step connotes lack of interest in developing the steel sector, and its multiplier benefits of wealth creation; to generate revenue and grow the economy,” Adeiza said.

He advised the federal government that the real solution to the Nigerian cash crunch is in the completion of Ajaokuta Steel plant. Dr Adeiza explained that, upon completion, the steel plant will generate enormous wealth for the Nigerian state as a full fledged industrialised nation, which exports steel and allied products to earn foreign exchange.

On the deplorable state of roads in Ebira land, the EPA president appealed to the federal government to give urgent attention to roads in the area, as it is the gateway between the north and south of Nigeria. 

He commended the governor of Kogi State for rising to the occasion by confronting the federal government on the proposed sales, where he received assurance from President Muhammadu Buhari that the steel will not be sold.



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