Political Will Hindering Completion Of Ajaokuta Steel Company- House Of Reps

Lack of political will has been identified as one of the reasons delaying the completion of the Ajaokuta Steel company.

The Leader of the House of Representatives, Mr Femi Gbajabiamila stated this during an investigative hearing on the reasons for the failure of Ajaokuta steel company to commence operation fully since nineteen seventy eight to date in Abuja.

Mr Gbajabiamila who is the chairman of the adhoc committee questioned the rational behind the non completion of the steel company which has achieved ninety eight percent completion.

The lawmaker who expressed concern on the slowing down of efforts on the part of federal government to complete the work, questioned why the needed funds were not included in the twenty eighteen budget by the Ministry to ensure that the work was completed.

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The leader of the house however reminded the Federal Government of the House of Representatives existing resolution stopping them from concessioning the Ajaokuta steel company to any foreign company and urged them not to contravene the resolution.

In his submission, the minister of state for mines and steel, Alhaji Bawa Bwari, disclosed that the present administration resolved not to invest further into Ajaokuta Steel Company because of the spate of corruption after the initial 8 billion dollars spent on the complex which has attained ninety eight percent completion level.

The minister who confirmed that the audit report on Ajaokuta Steel Company Limited was completed and submitted last week noted that there was need to study the report before making public the actual figure needed for the completion of the company.

He added that work cannot commence immediately in Ajaokuta even if the company was hundred percent completed, without addressing the internal and external infrastructure challenges.

 

 

By/ Aisha Adesanya/Abuja

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