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FG audits Ajaokuta Steel Company

By Isiaka Oyibo

LOKOJA — FOLLOWING the failing  infrastructures at the nation’s multi-billion naira Ajaokuta Steel Company, ASCL, the Federal Government has instituted an audit panel to ascertain the viability of the industry.

The technical audit awarded to Reprom Nigeria Limited, an Ukrainian-based firm, has three months to submit its report.

The audit panel is to undertake holistic technical inspection of facilities at the company with a view to repositioning it for maximum performance.

Speaking yesterday at an interactive session with newsmen,  Managing Director/Chief Executive Officer of Reprom, Mr. Attah Achimugu, expressed sadness over the state of facilities at the plant, saying most of the equipment have been grounded.

Achimugu lamented that the steel company which was strategic to the nation quest for technological advancement could be left to rot away just as he advised the Federal Government to award the contract of turning around the plant to Reprom Nigeria Limited.

He assured that the light section of the rolling mills would become fully operational within two months if given the mandate.


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