6 min read
In this interview with journalists, the Chairman Basic Metal, Iron and Steel and Fabricated Metal Products sector of the Manufacturers Association of Nigeria (MAN),
Dr. Kamoru Yusuf, speaks on the impending issues affecting the sector especially the ongoing process to resuscitate Ajaokuta Steel Rolling Complex by the Federal Government.
Your take on the ongoing process to resuscitate Ajaokuta Steel Complex
I have taken my time to study and assessed the Federal Government’s efforts to resuscitate Ajaokuta Steel Company Limited and my conclusion is that it may be difficult for any foreign investor(s) to successfully operate Ajaokuta Steel Complex without the full support of the local industry operators.
Use Chinese model to resuscitate Ajaokuta Steel Company, FG urged
On
By Jimoh Babatunde
The Federal Government has been urged to adopt the model used by the Peoples of the Republic of China to transform its Steel industry in the resuscitation of Ajaokuta Steel Company.
The Chairman Basic Metal, Iron and Steel and Fabricated Metal Products sector of the Manufacturers Association of Nigeria (MAN), Dr Kamoru Yusuf, who gave the advice, said no foreign investors can bring Ajaokuta Steel Company back to operation.
He said the process of resuscitating Ajaokuta Steel Company which is our nation’s heritage was not properly structured as owners of existing steel plants, who would have given clearer narrations of the issues in the industry, were not consulted.
I have taken my time to study and assessed the Federal Government’s efforts to resuscitate Ajaokuta Steel Company Limited and my conclusion is that it may be difficult for any foreign investor to successfully operate Ajaokuta Steel Complex without the full support of the local industry operators.
The drive to revive Ajaokuta Steel Complex is to set the stage for Nigeria as the leading industrial nation in the continent as earlier envisioned, which is being driven through the development of the Steel sector under the able leadership of the Honourable Minister of Mines and Steel Development, Arc. Olamilekan Adegbite; who has demonstrated passion and capability in promoting the steel sector in Nigeria, through his resolve that there is the need for the Federal Government to declare Iron and Steel as National Products for Rapid Economic Growth.
No foreign investor can make Ajaokuta Steel Complex work - Dr Kamoru Yusuf vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.