President Muhammadu Buhari has painted a picture of how his government successfully rescued Ajaokuta Steel Company in Kogi from legal Entanglements and is ready to commence operations.
He said that when the project comes on stream, it will employ about 500,000 people and generate over $1.6 billion in annual income to the Nigerian economy.
President Buhari, who spoke today, December 29 after commissioning the ultramodern Reference Hospital and Ohinoyi’s palace in Okene, Kogi State said that no other single project holds the key to unlocking the vast potential as much as the Ajaokuta Steel Complex “which we inherited as a long moribund complex strangulating under a tangle of local and international commercial disputes.
“I am glad to report that as we begin to round off in office, we can genuinely say that our administration has rescued Ajaokuta from all legal disabilities and it is now ready for concessioning to a private investor with the right profiles to put it to work for Nigeria in general and Kogi State in particular.
“The process has cost this Federal Government over 400m US Dollars so far, but I consider it money well spent as we move closer to achieving our objective of transforming Kogi State into Nigeria’s iron and steel powerhouse.
“The benefits of getting Ajaokuta Steel Complex working again are numerous. It would provide over 500,000 estimated jobs and more than $1.6 billion in annual income to the Nigerian economy. Nigerians can rest assured that I remain committed to seeing this process to a logical conclusion before the end of my tenure in Office.”
President Buhari added that Kogi State also stands to benefit in diverse ways when the 614 km (384 mile) AKK gas pipeline which traverses the State starts operations next year.
He commended Governor Yahaya Bello “for rising up to the occasion in many sectors especially security. We are proud of him and I encourage the people of Kogi State to continue to support him and his team as they are working hard to ensure peace, security and development in the state.”
Projects commissioned by the President included:
a. The Reference Hospital Okene, which boasts of the first ever hyperbaric treatment chamber in Nigeria and the fleet of ambulances attached to it;
b. The new Ohinoyi’s Palace at Okene;
c. The Ganaja Junction Flyover and interchange at Lokoja;
d. The GYB Model Science Secondary School, Adankolo, Lokoja;
e. The Muhammadu Buhari Square (Civic Centre) at Lokoja and
f. A fleet of high – tech security vehicles to combat crimes and criminalities.
Earlier in his welcome address, the Governor of Kogi State, Yahaya Bello thanked President Buhari for showing leadership and for the various programmes and interventions which had positively impacted on the State and her people.
These, the Governor said, included the Itakpe – Warri Rail Line which he noted, had brought relief to travellers and business owners in the state.
Governor Bello informed President Buhari that the projects inaugurated were in response to his commitment to serve, stating that since his swearing -in on 27th January, 2016, his administration constituted a multi-sectoral committee that went round the nooks and crannies of the State, identifying the needs of the people.
“This document has been our guide,” the Governor stated.
While acknowledging the commitment of President Buhari towards the resuscitation of the Ajaokuta Steel Complex, the Governor thanked the President for his unrelenting interest in the project.
Governor Bello also stated that his administration has a cordial relationship with the traditional institution in the State, adding that the new Ohinoyi’s Palace being commissioned by President Buhari is a testimony to this.
Earlier, the Ohinoyi of Ebiraland, Dr. Ibrahim Ado, represented by the Ohi of Okengwe, Alhaji Mohammed Tijjani Anage, on behalf of the traditional rulers of the Central Senatorial Zone of the State, thanked President Buhari for his support to Governor Yahaya Bello’s administration and for being the first sitting President of Nigeria to visit Kogi State on a working visit.