Group Appeals To PMB To Revive Ajaokuta Steel Industry

A group under the aegis of Builder Hub Foundation has appealed to President Muhammadu Buhari to revive the Ajaokuta Steel industry, saying that the country is in desperate need to diversify the economy due to the dwindling revenue accruable from crude oil.

In a letter addressed to the Permanent secretary, Mines and Steel Development and signed by the founder of the foundation, Natasha Akpoti, the foundation stated that it is regrettable that Nigeria has continued to suffer monumental losses from the multibillion dollar investment due to assets depreciation, brain drain of man power that were trained in Russia, Bulgaria, and India for the steel plant.

In the letter which was also copied to Buhari, Akpoti stated that Ajaokuta steel plant has the capacity to produce over 5 million metric tonnes of steel per annum once the first, second and third phases are completed.

Credit: Leadership