The House of Representatives is set to collaborate with stakeholders to raise the $500million required to revive the moribund Ajaokuta Steel Company in Kogi State.
Speaker of the House, Yakubu Dogara disclosed this on Monday when he led members of the House Committee on Steel to the firm on an assessment tour.
Dogara bemoaned the present state of the steel company and promised to join forces with stakeholders in the industry to enisure the firm gets back on its feet.
According to him, the Ajaokuta Steel Company has the huge potential to boost the economy of the nation and provide more jobs for Nigerians.
“At inception of the eighth House of Representatives, we included diversification of the economy in our legislative agenda.
“In furtherance of this aim, we introduced sectoral debates and other initiatives and today, we embarked on a fact finding mission to Ajaokuta,” the Speaker said.
Dogara noted that, “Ajaokuta holds immense potential for job creation and economic development,” promising that the, “House will consult with stakeholders to work out ways to source for the $500 million needed to complete the last phase of the project.”
“The revival of moribund industries is of utmost importance to us at the House of Representatives and today’s fact finding mission has brought us one step closer to making Ajaokuta work again,” he said.
