By Ephraim Oseji

Chairman/CEO DAS Energy Services Limited, Chief Sunny Onuesoke, has commended move by President Bola Tinubu to facilitate the revival of moribund Premium Steel and Mines Limited, former Delta Steel Company, DSC, located in Ovwian-Aladja, Delta State.

Recall that Minister of Steel Development, Abubakar Audu, during his recent inspection visit to the facility assured that the Federal Government has restated its resolve to facilitate and support the revival of moribund Premium Steel and Mines Limited to run at full capacity in order to provide 5,000 direct and 10,000 indirect jobs, targeted at the economic growth and development.

Reacting to the Minister’s statement, Onuesoke, who attended the inspection exercise by the Minister at Ovwian/Aladja, commended Tinubu-led government’s desire to revive the moribund steel company.

Onuesoke said: “Steel is the bedrock of any development in the world. It is used for vehicles, space craft manufacturing and heavy machinery. No country can grow without steel. Every technology in the world has elements of steel, even the chips of computers. It is a strategic asset. Its revival will serve as a catalyst for allied industries and significantly reduce unemployment.

“The resuscitation of steel companies will create over twenty one thousand jobs minus the multiplier effect. It will make Warri an economic hub. It will attract a lot of subsidiary companies dealing with scrabs and mechanisms. The railway which is already there will be an additional gain in assisting the company development.”

Onuesoke, who also commended Delta State governor Sheriff Oborevwori on infrastructural development in the state, equally used the opportunity to urge the governor to exert more pressure on the federal government to fast track the move to resuscitate the steel company.