Tanko Mohammed<\/p>\n\n\n
Prof. Benjamin Adewuyi, Department of Metallurgical Engineering, Federal University of Technology, Akure, has advised Nigeria to resuscitate Ajaokuta steel company as it will serve as a catalyst for economic growth.<\/p>\n\n\n
Adewuyi gave the advice in Abuja where he said that the Ajaokuta steel was a national asset that required adequate attention given to ensure that it was revived to contribute to the economy of Nigeria.<\/p>\n\n\n
He said that no country could record economic growth without a viable metallurgical sector put in place, adding that Nigeria should revive its moribund metal sector.<\/p>\n\n\n
He said that the silence on Ajaokuta steel had become worrisome as nothing had been heard about the Russian team expected to arrive Nigeria and take audit of the company.<\/p>\n\n\n
He said that the conspiracy of silence on the company \u201cis back on course\u201d, adding that the company had always suffered setback.<\/p>\n\n\n
\u201cThe conspiracy of silence of the company is back on course, our economy cannot grow if we don\u2019t have a base for production of steel, we will continue to grow the economy where we buy steel.<\/p>\n\n\n
\u201cThe company is stagnant; we spoke with the Minister of Mines and Steel Development, Mr Olamilekan Adegbite, few weeks ago and he said that the Russia team that will take audit of the company will soon arrive in Nigeria,\u201d he said.<\/p>\n\n\n
The accord to revive Ajaokuta steel company was reached during a meeting between President Muhammadu Buhari and President Vladimir Putin in Russia in 2019.<\/p>\n\n\n
The Russian government had nominated TYAZHPROMEXPORT (TPE), a Russian company, the original builder of Ajaokuta steel to conduct technical audit of the steel company to ascertain the level of work to be completed.<\/p>\n\n\n
On Delta Steel in Aladja, he said that it would take political will to correct the mistake made on the company at its initial concession to an Indian company.<\/p>\n\n\n
He said that nothing had changed about Delta steel since the administration of late Umar Ya\u2019adua retrieved Delta steel from the Indian company called Global Infrastructure (Nigeria) Ltd. and later sold to another company by this current administration<\/p>\n\n\n
\u201cThe original concept of the company is not what it is being used for as the company is meant to produce liquid, specialised steel quality that could be used in auto mobile not to roll billets.<\/p>\n\n\n
\u201cWhatever production that is going on in the company right now is not the original concept designed for it to produce.<\/p>\n\n\n
\u201cHow are we even sure that steel production is even going on there.<\/p>\n\n\n
\u201cThe last time we visited the place as an association, the area was desolate and we were prevented from entering the compound; if it is working everyone will know that it is working.<\/p>\n\n
Tanko Mohammed Prof. Benjamin Adewuyi, Department of Metallurgical Engineering, Federal University of Technology, Akure, has advised Nigeria to resuscitate Ajaokuta steel company as it will serve as a catalyst for economic growth. Adewuyi gave the advice in Abuja where he said that the Ajaokuta steel was a national asset that required adequate attention given to […]<\/p>\n","protected":false},"author":1,"featured_media":18664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[461,126],"tags":[],"class_list":["post-29975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-ict","category-trade-and-industry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n