Ajaokuta Steal company to function as private entity

   Minister of Mines and Steel Development, Dr Kayode Fayemi, says that the Ajaokuta Steel Company is to function as a purely private entity.

  He  reiterated this position on the steel complex during a facility tour of Abuja Steel Mill, a subsidiary of African Steel Company, along Abuja-Kaduna Road.
  Dr. Fayemi who stated that government is putting a lot in place to ensure that the Ajaokuta Steel Complex gets back to life, said the company would no longer be run as a public concern.
   He said experts with proven track records and required financial capability would be encouraged to key into the scheme through a competitive bidding process that would be transparent.
   The Minister said government is committed to ensuring Ajaokuta works, because it believes that a functional Ajaokuta Steel complex would greatly assist the country’s developmental drives.