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Buhari justifies money spent to rescue Ajaokuta Steel, Iron

AdminBy AdminDecember 29, 2022Updated:December 29, 2022No Comments2 Mins Read
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(R-L) President Muhammadu Buhari,Governor Yahaya Bello during the inauguration of legacy projects in Okene on Thursday.
By Correspondent in Okene.

President Muhammadu Buhari has says that the $400 million dollars, spent to rescue Ajaokuta Iron and Steel, is money well spent as he commissioned legacy projects executed by Kogi state governor, Alhaji Yahaya Bello.

Speaking in Okene, Kogi state during a town hall meeting at the newly renovated central Ohinoyi palace, he said his administration was working to reposition state as an investment/industrial hub through the activation of solid minerals in the state.His words.

“No project that is dare in our heart like the Ajaokuta steel company located in Kogi state which we inherited in moribund condition from previous administrations.

“The steel company has dispute both locally and internationally, I am glad to say that through our concerted efforts, we are able to settle the dispute by paying some money and the company is now ready for concessioning  to competent private investors that will operationalize it for the people of Kogi state and Nigerians at large.

“We are in talking with a reputable company in United State and by God grace, Ajaokuta very soon, will come back to serve the people of Nigeria.

“The significance of making Ajaokuta steel working again is enormous as it will generate over 500, 000 jobs for Nigerian youths and also generate high revenue for the state and the country in the tune of over 1.6 billion dollar annually

“Nigerians should be rest assured that my administration will pursue the issue of Ajaokuta steel company to logical conclusion before I leave office as president of Nigeria.,” he assured the nation.

Our Correspondent reports that the president used the occasion to inaugurate the Reference hospital in Okene and Flyover in Lokoja among other projects.

(C).Alyusra Ventures, Itakpe.

Edited by Dada Ahmed.

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