President Mohammadu Buhari recently affirmed his determination to diversify the Nigerian economy by approving the revival of the Ajaokuta steel rolling mill abandoned for over 40 years in its location in Kogi state. The late President Shehu Shagari and Leonid Brezhnev, leader of the old Soviet Union started to build theAjaokuta Steel Rolling mill in 1979 to produce as much as 5mn metric tons of steel a year.
The government must this time try to keep her own aspect of thesteel company resuscitation deal. Work stalled on the Ajaokuta steel project in the first place due to government’s failure to pay thebuilders on schedule This tragedy must not repeat itself with this new deal. In addition to reviving the Ajaokuta steel project , Adegbite said the federal Government is discussing with state governments to resolve the conflicts on minerals deposits scattered in nearly every state in the country, stating that some governors have misconstrued the existence of the minerals in their domain to mean that they have propriety rights to the revenues accruing from the exports of the minerals.
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