Ajaokuta Steel Company To Provide 500,000 Employment In 2017
Ajaokuta Steel Company is set to employ 500,000 Upstream and Downstream in 2017, the federal government disclosed.
According to Federal Government, the first phase of Ajaokuta Steel Company will provide 500,000 upstream and downstream employment when it becomes operational.
This was made known by the Sole Administrator of the company, Mr Isah Onobere, during a media tour to the company on Friday.
Onobere noted that the first phase of the plant would also provide direct employment for 10,000 technical staff when inaugurated.
The Sole Administrator added that the first phase had been completed, adding that it was envisaged to produce 1.3 million tonnes of liquid steel per annum.
He said it would cost 400 million dollars to complete Ajaokuta steel, which had reached 98 per cent completion.
According to him, two billion dollars is needed for infrastructure rehabilitation and operational cost.
He however stressed that government had begun to commit resources toward the maintenance and preservation of the equipment and facilities of the plant recently and called for improved efforts.
"Government is considering the report on various options on the way forward for the completion of the project.
"These options include outright sales, concessioning and joint venture of Ajaokuta steel." He said
He, however, denied the rumour making round that the company equipment is obsolete, stressing that the company, with 98 per cent completed, could stand test of time, and all its equipment were functioning appropriately.
The News Agency of Nigeria (NAN), reports that the then President, Alhaji Shehu Shagari, laid the foundation of Ajaokuta in 1980 and within four years, it attained 84 per cent completion.
Ajaokuta steel company is located on 24,000 hectares of sprawling green-field landmass built on 800-hectares of land.
It is Nigeria's leading steel company and intended to be the leading supplier of quality steel products in all the major economic sectors, including construction, packaging, wire drawing and nail making industry among others.
According to Federal Government, the first phase of Ajaokuta Steel Company will provide 500,000 upstream and downstream employment when it becomes operational.
This was made known by the Sole Administrator of the company, Mr Isah Onobere, during a media tour to the company on Friday.
Onobere noted that the first phase of the plant would also provide direct employment for 10,000 technical staff when inaugurated.
The Sole Administrator added that the first phase had been completed, adding that it was envisaged to produce 1.3 million tonnes of liquid steel per annum.
He said it would cost 400 million dollars to complete Ajaokuta steel, which had reached 98 per cent completion.
According to him, two billion dollars is needed for infrastructure rehabilitation and operational cost.
He however stressed that government had begun to commit resources toward the maintenance and preservation of the equipment and facilities of the plant recently and called for improved efforts.
"Government is considering the report on various options on the way forward for the completion of the project.
"These options include outright sales, concessioning and joint venture of Ajaokuta steel." He said
He, however, denied the rumour making round that the company equipment is obsolete, stressing that the company, with 98 per cent completed, could stand test of time, and all its equipment were functioning appropriately.
The News Agency of Nigeria (NAN), reports that the then President, Alhaji Shehu Shagari, laid the foundation of Ajaokuta in 1980 and within four years, it attained 84 per cent completion.
Ajaokuta steel company is located on 24,000 hectares of sprawling green-field landmass built on 800-hectares of land.
It is Nigeria's leading steel company and intended to be the leading supplier of quality steel products in all the major economic sectors, including construction, packaging, wire drawing and nail making industry among others.
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