The Niger Delta Ethnic Nationalities Youth Leaders Council has called on the federal government to prioritize the resuscitation of the Ajaokuta Steel Company to generate employment opportunities for Nigeria’s youth.
Key Points:
- Council’s Request: The Council, led by President-General Comrade Terry Obieh, has urged the federal government and the Economic and Financial Crimes Commission (EFCC) to focus on the longstanding issues at Ajaokuta Steel Company.
- Concerns: The statement highlights concerns about persistent neglect, corruption, financial mismanagement, and lack of accountability at the steel plant. The Ajaokuta Steel project, intended to drive industrialization and economic growth, has been marred by cost overruns, misappropriation of funds, and delays.
- Financial Issues: The project’s costs have reportedly exceeded $8 billion with minimal progress. There have been issues with transparency regarding spending and contract details, along with allegations of job racketeering, inflated contracts, and diversion of funds.
- Call to Action: The Council demands the federal government to bypass international arbitration and take legal action against Global Steel Holdings Ltd. They also urge the government to investigate and hold accountable those involved in mismanaging the Ajaokuta project, including officials from the Federal Ministry of Steel Development and other related bodies.
- Employment Focus: Reviving the Ajaokuta Steel Company is seen as crucial for creating job opportunities for Nigeria’s youth, addressing unemployment, and contributing to the country’s industrial and economic development.
The call emphasizes the need for transparency and accountability in handling the Ajaokuta Steel project to ensure it fulfills its intended purpose and benefits the Nigerian economy.
