{"id":4852,"date":"2022-10-24T10:53:25","date_gmt":"2022-10-24T10:53:25","guid":{"rendered":"https:\/\/ebirareporters.com\/?p=4852"},"modified":"2022-11-01T15:59:17","modified_gmt":"2022-11-01T14:59:17","slug":"ajaokuta-steel-company-russia","status":"publish","type":"post","link":"https:\/\/ebirareporters.com\/ajaokuta-steel-company-russia\/","title":{"rendered":"Nigeria&#8217;s Ambassador to Russia Speaks on Resuscitation of Ajaokuta Steel Company\u00a0"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>&#8211; makes case for original builders\u00a0<\/em><\/p>\n<p style=\"text-align: justify;\">Nigeria\u2019s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, has said that the Federal Government is exploring ways to resuscitate one of Nigeria\u2019s largest assets: Ajaokuta Steel Company, with potential Russian investors.<\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8080026755787218\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-8080026755787218\" data-ad-slot=\"7193833156\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p style=\"text-align: justify;\">The Ambassador made this known in an interview with the News Agency of Nigeria on Sunday in Moscow.<\/p>\n<p style=\"text-align: justify;\">He stated that Russia has always been very good technical partners of Nigeria.<\/p>\n<p style=\"text-align: justify;\">Shehu said that resuscitating Ajaokuta Steel Company was one of the agendas of discussion between Nigeria\u2019s President, Muhammadu Buhari, and Russia\u2019s President, Vladimir Putin, when they met during the First Africa-Russia Summit in Sochi, Russia in 2019.<\/p>\n<p style=\"text-align: justify;\">He said that although a Russian company, under the then Soviet Union, built the steel plant to over 90 per cent completion before they left in 1983, the Federal Government has strategies in place on how the company would be revived.<\/p>\n<p style=\"text-align: justify;\">Shehu, however, noted that it would be wiser to engage the company that had an understanding of the setting up of the steel plant to resuscitate it.<\/p>\n<p style=\"text-align: justify;\">He said: \u201cThe Nigeria of our dream is our choice to be made by Nigerians themselves.<\/p>\n<p style=\"text-align: justify;\">\u201cSo there is nothing sacrosanct that it must be the Russians to construct or finish Ajaokuta.<\/p>\n<p style=\"text-align: justify;\">\u201cBut it is important that you bring back the people who built something, who know the history, who have the in and out knowledge about it, who have the template to do something for you that is sustainable, but that also has to be decided by Nigeria, not by another person.<\/p>\n<p style=\"text-align: justify;\">\u201cSo during the Africa-Russian Summit that was held in Sochi here in Russia, President Buhari met with President Putin and they discussed the possibility of resuscitating the Ajaokuta steel.<\/p>\n<p style=\"text-align: justify;\">\u201cNow, this responsibility lies with the Ministry of Mines and Steel Development.<\/p>\n<p style=\"text-align: justify;\">\u201cThe company that constructed Ajaokuta was a Soviet company at that time.<\/p>\n<p style=\"text-align: justify;\">\u201cWith the collapse of the Soviet Union, of course the company is still here in Russia.<\/p>\n<p style=\"text-align: justify;\">\u201cIt is called Tyazpromoexport.<\/p>\n<p style=\"text-align: justify;\">\u201cSo discussion started with Tyazpromoexport, and there was the need for a tripartite agreement between Nigeria, Tyazpromoexport and the Afro-Exim bank.<\/p>\n<p style=\"text-align: justify;\">\u201cThat started but again, we are still at the level of discussion until now.<\/p>\n<p style=\"text-align: justify;\">\u201cUntil the Nigerian Government says come and do this, the company cannot just come on its own.\u201d<\/p>\n<p style=\"text-align: justify;\">When asked on <a href=\"https:\/\/ebirareporters.com\/2022\/10\/21\/ajaokuta-steel-company-minister\/\">the alleged privatisation of the Ajaokuta Steel Company<\/a> by the Federal Government, Shehu said that the government knows the best policies to put in place to manage all its national assets.<\/p>\n<p style=\"text-align: justify;\">He said: \u201cI heard recently that there was a discussion by government to privatise the company or to do an assessment or something like that.<\/p>\n<p style=\"text-align: justify;\">\u201cI do not know.<\/p>\n<p style=\"text-align: justify;\">\u201cBut as at when I came last year, there was a proposal for the Russian company to go and audit the company, to do an assessment to determine the status before giving the cost implication for resuscitating the company.<\/p>\n<p style=\"text-align: justify;\">\u201cI think government has its own strategies.<\/p>\n<p style=\"text-align: justify;\">\u201cMay be they are going to leave it open for other companies to bid.<\/p>\n<p style=\"text-align: justify;\">\u201cThat I do not know.\u201d<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8080026755787218\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-8080026755787218\" data-ad-slot=\"7193833156\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p style=\"text-align: justify;\">NAN reports that as Nigeria looks towards diversifying its economy and moving from an oil-reliant nation, the Federal Government has been looking at revamping other sectors of the economy.<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"&#8211; makes case for original builders\u00a0 Nigeria\u2019s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, has said that&hellip;\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[65,273],"class_list":{"0":"post-4852","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"tag-ajaokuta-steel-company","8":"tag-russia"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria&#039;s Ambassador to Russia Speaks on Resuscitation of Ajaokuta Steel Company\u00a0 - Ebira Reporters<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s Ambassador to the Russian Federation, Prof. 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