Nigeria’s Minister of Mines and Steel Development, Olamilekan Adegbite, has announced that before the end of the tenure of President Muhammadu Buhari, the Ajaokuta Steel Company Ltd that is being built to produce liquid steel and improve the nation’s economy will be completed and set for optimum operation.
The Minister also revealed that the Russian company that built the steel industry will be visiting Nigeria soon to conduct technical audit of the company.
He noted that the Russian team would have visited in 2020 to carry out the technical audit but the team could not come as a result of the global pandemic.
Adegbite during a media briefing on the progress of the Nigerian Steel Company Project had revealed that a 60-man team from Russia will be visiting Nigeria to carryout technical audit of Ajaokuta steel.
A move on how to revive the steel company was birthed during a meeting held in Russia in 2019 between Nigeria’s President, Muhammadu Buhari and Russian President, Vladimir Putin.
Upon reaching the agreement, the Russian government nominated TPE, the original builder of Ajaokuta Steel Company, to conduct technical audit of the steel company to ascertain the level of work remaining to be completed on the steel company.
Speaking on while it is expedient to complete the steel company in Nigeria, Adegbite explained that liquid steel could be used for building aeroplane and car engine parts, among others.
“The steel company has worked in the past whereby billet were imported to produce reinforcement but that was not what Ajaokuta steel was built for,” he added.
He also said that the ministry had recently trained some youths in the metal sub-sector on national development to ensure human capital development with special emphasis on vibrant metals operators.
He said that the workshop was an appropriate strategy meant to launch and mainstream youths into the sector, adding that the three weeks intensive workshop was to work towards the development of the sector.