BY REUBEN AYODELE
Nigeria is blessed country with abundant human and natural resources. Iron ore Is the raw material for making steel .Ajaokuta is a steel company that is located in Kogi state precisely in the central senatorial district of the state.Ajaokuta steel company was conceptualize by former president shehu shagari in 1979 but the inauguration of the steel company was in 1983.
Iron ore are rocks from which metallic iron can be economically extracted. Iron ore is one of the most abundant rocks forming element, constituting about 5% of the earth crust. The importance of iron cannot be over emphasized. It is the most important commodity after oil; it is the fourth most abundant elements in the world after oxygen, silicon and aluminum.
Modernization and industrialization depends on iron ore that is why the Ajaokuta steel company deserve the most important attention, if Nigeria is to be taking seriously about it’s becoming one of the 20 top economy by the year 2020.
Since inception Ajaokuta steel Company has been a moribund company, which has become a protracted national embarrassment. Ajaokuta has gulp close to $5 billion of our common wealth since it was founded .Ajaokuta was a company which was formed to project Nigeria towards industrial revolution. Yet it as been the bane of monumental waste and corruption from successive rudderless policies of government, who have refused to key in into the founding ideas that gave birth to this neglected steel company.
Iron and steel are very importance variables any country needs if it truly wants to develop.98% of world iron ore production is used to make iron in the form of steel. Example iron ore provided the foundation for Australia major export and economic development.
Australia is the third largest exporter of iron ore after China and Brazil which accounted for the developmental status accorded these developed countries. Iron and steel are the most used mental in our lives, every home no matter their economic status of the family have one form of iron and steel instrument. Iron ore is essential for the production steel which in turn is essential to maintain strong industrial base.
Iron can be used to generate electricity, most of the components use in the power sector are gotten from iron, iron contribute to the gas industry, automobile industry, construction industry and every sphere of life. Most importantly the Ajaokuta steel company can generate close to five hundred thousand jobs including skilled, semi-skilled and unskilled work force.
There are ready markets willing to tap into this critical sector of the economy, like the general industrial sector which encompasses every engineering aspect and technical aspect of human endeavors.
However, as good as this project Ajaokuta steel company is power supply is still a major challenge. Without power steel mill cannot function that is why the onion is now on the president-elect, General Muhammadu Buhari to fulfill his promise to Kogi state and Nigeria in general that he will revamp, restructure and bring back Ajaokuta steel company to life. Doing this will diversify Nigeria economy andf open up Nigeria to the world which will invariably create jobs to the teeming unemployed Nigeria youths across tribes, religion and political divides .Because poverty those not recognized race, gender or religion .General Muhammadu Buhari change administration should urgently take action because the dream of making ajaokuta steel company the industrial hub of Nigeria and Africa is fading away daily. This sleeping lion of Africa must wake up.
Source:http://bnaijatalks..com/2015/05/by-reubenayodele-ajaokuta-steel-company.html

i hope GMB lives up to my expectations...sooo many things to fix!

The steel mill, isn't the only enterprise that has been put to sleep due to a lot of administrative problems and chiefly erratic or no power supply. I think it's the whole nation at large. Someone on nairaland here once said that if the power sector could be revived, then a lot of things will automatically fall into place. And i quite agree with it.
Good power supply is the prince charming that can rouse the sleeping beauty of our economy.

If GMB can revamp that steel company and our refineries....He wil become a god in Africa

Throughout d campaign, i keep askin myself, y d much talk about USA not wantin to sell arms to nigeria? Amin, we've got Ajaokuta steel company so vase a company 4 anybdy dt have bn dia and seen d company, wil knw dt arms are things we can do here. Plus no country in the world has ever achieved industrialization without its iron and steel industry. Here Ajaokuta needs just $1.5billion to start working. I knw foreign conspiracy dont want it to work but I seriously pray the incoming government works on it.

Typing

You people should make proper investigation about Ajaokuta Steel Complex.

As it is, OBJ vandalised the plant. He carried off a lot of machines to his steel mill. OBJ carnnibalised the ajaokuta steel complex. The new buyers are out of cash presently because they never expected that the plant was this carnnibalised.

The new owners are even owing more than 1 year salary.

I have an authentic insider.

Obj killed that plant through Globe Steel that he fronted during his regime.

hassan85:
Throughout d campaign, i keep askin myself, y d much talk about USA not wantin to sell arms to nigeria? Amin, we've got Ajaokuta steel company so vase a company 4 anybdy dt have bn dia and seen d company, wil knw dt arms are things we can do here. Plus no country in the world has ever achieved industrialization without its iron and steel industry. Here Ajaokuta needs just $1.5billion to start working. I knw foreign conspiracy dont want it to work but I seriously pray the incoming government works on it.

Forget foreign conspiracy thing. Obj stole most vital equipment from that plant.

Obj should be held responsible for the present state of that plant. He used Globe Steel to finish that plant.

If the steel plant can reduce the high rate of unemployment in nigeria,then it worths giving immediate priority.......oil boom has made nigeria blind to every other sector.....#revive the steel plant

Unfortunately GMB has not fulfilled his campaign promise.
so far,he has done nothing to revamp the company!


NIGERIA IS CURSED!

hassan85:
Throughout d campaign, i keep askin myself, y d much talk about USA not wantin to sell arms to nigeria? Amin, we've got Ajaokuta steel company so vase a company 4 anybdy dt have bn dia and seen d company, wil knw dt arms are things we can do here. Plus no country in the world has ever achieved industrialization without its iron and steel industry. Here Ajaokuta needs just $1.5billion to start working. I knw foreign conspiracy dont want it to work but I seriously pray the incoming government works on it.

Abeg leave the foreign conspiracy matter that's the reserve of lazy minds. Is North Korea not developing nuclear weapons and missile technology despite the intense opposition of USA the most powerful nation in the world and the entire EU.
We are not even insisting we should develop steel technology ourselves o, just to buy the technology that is common everywhere, yet we] cannot.
The number one issue is that our resolve to industrialise is too weak

Let's pray Ajaokuta wakes up! The technology used in building that plant is already obsolete. It may need to be rebuilt completely