Reps Urge FG To Shelve Further Concession Plans On Ajaokuta Steel Company

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The House of Representatives on Thursday called on the  executive arm of the federal government, to shelve further plans of concessions of the Ajaokuta Steel Company.

The House has therefore, urged the government to seek alternative sources of funding the completion of the company, including the usage of part of returned Abacha loot.

The House further called on the federal government should demonstrate a strong political will in the manner the United States did in its steel sector, to resuscitate the company.

The position was taken based on the consideration and adoption of report of the Ad hoc committee of the House, which investigated failure of the company to commence operations since the company was put place.

Also, recommended that the federal government should revive relations with the original builders of the company, TPE of Russia with a view to “wooing them back to continue and complete the good work they started alongside the current management of indigenous sole administrators who have shown expertise and practical knowledge in the integrated steel plants management and production”.

The House said “both the company, Global Infrastructure Nigeria Limited and all indicted local collaborators should be made to pay damages to the host communities that suffered loss of lives when the company used brutal force against the workers (most of whom were community youths) who tried to stop the company from stripping and vandalizing the assets of the concessioned plants”.

The House therefore resolved that there would be an accelerated legislative work in both chambers of the National Assembly, to ensure that both the Ajaokuta Steel Company, and the National Iron Ore Manufacturing Company, Itakpe are removed from the list of companies listed for privatization.


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