A proposal for the phased completion of the troubled Ajaokuta Steel Company in Kogi State will soon be sent to the Presidency.
Sen. Nurudeen Abatemi, representing Kogi Central in the Upper legislative chamber, made the declaration after an inspection tour of the steel complex that the proposal would ensure adequate funding needed for the completion of the company within three years.
He expressed regret that the nation had yet to enjoy any returns from the $5 billion investment in the company over the years.
Abatemi expressed shock that the company and the National Iron Ore Mining Company at Itakpe, Kogi could be allowed to waste away since 2009. He promised to work “with other progressive-minded senators to ensure that the company reopens for business as soon as possible’’.
The senator, who was conducted round the company by some workers, stressed the importance of the two companies to the growth and development of the nation’s economy.
He said that the transformation agenda of the present administration would not be complete without a vibrant steel sector, and commended the workers for their patience and perseverance, while urging them to remain calm as government was making efforts to reopen the companies.