Nigeria’s Vice President Professor Yemi Osinbajo has announced the readiness of the federal government to break the jinx associated with the non-completion of the Ajaokuta Steel Company more than 40 years after its conception by naming transaction adviser for the concessioning of the steel company. He said “To this end, a transaction adviser has been appointed to concession the Ajaokuta Steel Company and the Nigerian Iron Ore Mining Company, Itakpe. The selection process is ongoing. Our commitment is to break the jinx and actualize the dream of a vibrant steel sector.” He emphasized that the development of the steel sector remains a huge priority of the present administration. He said “Our vision for an industrialized nation cannot be achieved without a vibrant steel sector. We understand the huge demand for steel and iron in our domestic markets and across the sub-region.” Professor Osinbajo added that a fully developed mines and steel sector would not only surpass other sectors of the economy in terms of export earnings, but would also create more lucrative jobs and opportunities for many Nigerians
Nigeria’s Vice President Professor Yemi Osinbajo has announced the readiness of the federal government to break the jinx associated with the non-completion of the Ajaokuta Steel Company more than 40 years after its conception by naming transaction adviser for the concessioning of the steel company. He said “To this end, a transaction adviser has been appointed to concession the Ajaokuta Steel Company and the Nigerian Iron Ore Mining Company, Itakpe. The selection process is ongoing. Our commitment is to break the jinx and actualize the dream of a vibrant steel sector.” He emphasized that the development of the steel sector remains a huge priority of the present administration. He said “Our vision for an industrialized nation cannot be achieved without a vibrant steel sector. We understand the huge demand for steel and iron in our domestic markets and across the sub-region.” Professor Osinbajo added that a fully developed mines and steel sector would not only surpass other sectors of the economy in terms of export earnings, but would also create more lucrative jobs and opportunities for many Nigerians
