By Dipo Olowookere
Speaker of the House of Representatives, Mr Yakubu Dogara, has expressed willingness of the green chamber to collaborate with stakeholders to raise the $500 million needed to finally revive the moribund Ajaokuta Steel Company in Kogi State.
Mr Dogara made this known on Monday when he led members of the House Committee on Steel to the firm on an assessment tour.
The Speaker lamented the present state of the steel company and promised to join forces with stakeholders in the industry to ensure the firm gets back on its feet.
He said 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.
Commenting further, Mr Dogara pointed out 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.”
He said, “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.”
Also on the entourage to the Ajaokuta Steel Company on Monday was the Governor of the state, Mr Yahaya Bello, who commended the Speaker for the intervention.
more recommended stories
NASD Introduces Trade Alert Notification Service
By Modupe Gbadeyanka The management of.
Asian Stocks Fall after Trump Cancels US-North Korea Summit
By Investors Hub Asian stocks ended.
European Equities Rebound as Investors Take Trade Concerns in Stride
By Investors Hub European stocks have.
Developments on North Korea Talks in Focus on Wall Street
The major U.S. index futures are.