Federal Government Faults Atiku Over Ajaokuta Steel Comments
He said of the amount, the current administration made a bulk payment of $250 million and agreed to pay the balance in five instalments.“We will make the last payment of $50 million next month and Ajaokuta will revert fully to us – ending the shameful and failed concession by the Administration in which Alhaji Atiku Abubakar served as the VP.”According to him, “Now, we are talking to investors who are ready to bring their money into Ajaokuta to make sure it works.
“What I am saying in essence is that the problems facing Ajaokuta was the poorly-thought-out and poorly-executed concession by the regime in which Alhaji Atiku was Vice President, and a regime under which he presided over the failed privatization programme.” He stressed that if the former vice president had any solution to the Ajaokuta challenge, and he didn’t execute it in 2004, why should Nigerians trust him to do so in 2023, almost 20 years later?
Consequently, he said the former VP is not even aware of the current status of Ajaokuta, the settlement reached with the concessionaire and the payments made. “Without this information, how does he want to revive the steel company? Nigerians should beware of snake oil salesmen, who engage in deceit just to swindle them,” he said.
He said the solution to Ajaokuta does not lie in the hands of the same people who scuttled the development of the country’s steel industry through a questionable concession.
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