Fed Govt, GINL to resolve Ajaokuta Steel dispute
The Director-General, Bureau of Public Enterprises , Mr. Alex Okoh, has expressed the willingness of President Muhammadu Buhari’s administration to resolve ongoing legal issues between Federal Government and Global Infrastructure Nigeria Limited on Ajaokuta Steel Company Limited.
A statement yesterday noted that the Federal Government has not relented on its effort to address the issues of the steel industry and rescue it from its current state, foremost among which is the completion and operations of the plant.It added that the government is desirous to achieve this through a robust framework to drive and guide the process for the revitalisation of ASCL and the steel industry in general.
“The main objective of the visit was to ensure the country taps into the potential of the steel sector to transform the economy. “Other objectives of the visit were to avail members the opportunity to physically inspect the complex in order to appreciate the quantum of investments made; meet with the management and obtain the management’s option on the issues that affect the plant with the view to enriching the strategy to be adopted for resuscitating the complex.
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