Ajaokuta Steel Company to function as a private entity.
The Minister of Mines and Steel Development, Dr Kayode Fayemi says the Ajaokuta Steel Company is to function as a purely private entity.
Dr.Fayemi who stated this at the steel complex during a facility tour of Abuja Steel Mill, a subsidiary of African Steel Company, along Abuja-Kaduna Road, noted that government is putting a lot in place to ensure that the Ajaokuta Steel Complex gets back to life and run as a private 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 pledged the support of government to the companies that are manufacturing locally and urged them to develop training programmes that would empower and groom young graduates, indigenous engineers and artisans.