FG to revitalize, reposition Ajaokuta Steel Company – Badaru

The administration of President Bola Ahmed Tinubu is committed to the revitalization and repositioning of Ajaokuta Steel Company.

The Minister of Defence, Mohammed Badaru Abubakar who made this known, explained that the repositioning will enable the ASC to be capable of producing military hardware to support the fight against insecurity in Nigeria.

The Minister gave the assurance when he received the Minister of Steel Development, Prince Shuaibu Abubakar Audu and the Managing Director of Ajaokuta Steel Company, Mr. Sumaila Abdul Akaba in his office, Ship House, Abuja.

Badaru said the Steel Company was known for the local production of military hardware and that there was the need to partner with the Ministry of Steel Development because 80/90 per cent of what is required for the production of military hardware was steel.

He said that strengthening the company to produce military hardware instead of relying on foreign production would boost the nation’s fight against insurgency and other related crimes.

“Local production of military hardware is critical because the crisis we have in the country at present will not allow us rely on other countries for military hardware,” he said.

The Minister of Steel Development, Prince Shuaibu Audu, submitted that reviving Ajaokuta Steel would be a game changer to the Nigerian industry and the economy as a whole.

He said that due to paucity of funds, production was stalled.

“But I believe that if initiatives are put in place, Ajaokuta Steel will be revived and work will resume within the first four years of the Present Bola Tinubu’s administration.

He stated that the company has about 48 production units and one of such units was for the production of military hardware, adding that if the Ministry of Defence collaborated with the company, it would have the capacity to produce military hardware that the nation would need.

Earlier in his opening remarks, the Permanent Secretary of the Ministry, Dr Ibrahim Abubakar Kana said that the essence of the meeting was to take the discussion to the stages where the company is and develop a step-by-step approach on how to actualize the dreams of reviving Ajaokuta Steel in the next four years.