The Minister of Industry, Trade and investment, Olusegun Agaga, has said that Ajaokuta Steel Company is not obsolete, saying federal government is committed to its revitalisation to transform the nation’s economy

Agaga, who was on facility tour of the steel plant alongside Minister of Power and steel development, Arc. Musa Muhammed Shadda, stated this on Monday at the steel complex in Ajaokuta in Ajaokuta Local Government of Kogi State.

He said contrary to some insinuations, Ajaokuta Steel Company is not obsolete and that it is not a waste of fund to make it functioning, adding that with the comprehensive and strategic facilities there, it is an accent to the nation in its industrial revolution drive.

“Ajaokuta has become more important today than before, because it will now move the country in the new direction. And the president has launched industrial revolution drive of the country in February and there is no way you can revolutionized your industry without a wider steel industry and Ajaokuta provides an answer to that,” he said.

He assured that the government will provide an enabling environment for the private sectors to drive the economy and also maximize the potential of Ajaokuta steel for the benefit of the nation.

The Minister of Industry, Trade and Investment also described Kogi State as confluence of opportunities, adding that Kogi is the home of solid minerals and largest producer of cassava in the world.

He added that Kogi will soon be largest producer of cement in the world by 2015,stressing that the Minister of Mines and Power, Minister of Agriculture and Industry Trade and Investment are working hand in hands explore all opportunities availed to kick start industrial revolution in the country.

Dr Aganga noted that the government under President Goodluck Ebele Jonathan had launched industrial revolution through the comparative advantage in Agriculture and solid minerals.

The Minister of Mines and Power, Alhaji Isah Mohammed Saddada and Minister of Industry, Trade and Investment, Dr. Olusegun Aganga who had   paid courtesy visit on Governor Idris Wada at the Government House in Lokoja Tuesday, stated the present administration is determined to revive the Ajaokuta Steel Company to kick start industrial revolution in the Country.

The Minister Mines and Power, Alhaji Isah Mohammed Sadda explained that the federal government was very serious about the revival of iron and steel sector, adding that it has been doing everything possible to move Ajaokuta forward.

While welcoming the ministers at the Government House, the Kogi State Governor, Captain Idris Wada commended the ministers for visit to Ajaokuta to see things for themselves

Wada also commended the federal government for resolving the issue of arbitrator on concessioning which has remained clog in the wheel of progress in last few years.

The governor maintained that the state government will key into any role for revival of Ajaokuta Steel Company,

Earlier, the Sole Administration of the company, Engr. Isah Joseph Osobere, said poor funding has been the bane of the steel plant, as capital allocation to the plant has remain a mirage.

According to him, the plant is still very sound as the blast furnace method adopted by the plant account for over 70 percent of the world steel production.


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