A Call to Protect National Heritage: CSO Urges FG to Retain Ajaokuta Steel Ownership
The Social Integrity Network (SINET), a Civil Society Organisation (CSO), has issued a strong recommendation to the Federal Government to refrain from transferring ownership of the ailing Ajaokuta steel plant to foreign entities. This move, led by the Federal Ministry of Steel Development and other relevant agencies, has raised concerns about the potential loss of national heritage and the implications for the country’s future.
In a press statement released by SINET following an emergency meeting in Kaduna, the organisation highlighted the need to protect Nigeria’s industrial assets, emphasizing the duty to safeguard national heritage and support local enterprises. The statement also referenced the recent resolution by the National Assembly Joint Committee on Steel Development to investigate the $496 million payment made by the Federal Government to an Indian firm for the revitalisation of the Itakpe Iron Ore company, which ultimately did not materialize after three years.
SINET expressed disappointment in the lack of support for national companies in the pursuit of revitalising essential industrial plants and resources, pointing out that past attempts to engage foreign entities have resulted in financial losses and minimal benefits for the country. The organisation urged the government to reconsider the decision to involve foreign companies in the operations of Ajaokuta steel and the Itakpe mines, citing historical instances where such partnerships have not yielded the expected results.
Furthermore, SINET raised concerns about the potential takeover of Ajaokuta and Delta Steel Company by Jindal-India, emphasizing the need for transparent and thorough evaluation of any proposed business plans or investment agreements. The organisation cautioned against exaggerated claims of investment and urged the government to involve independent agencies and local business leaders in the decision-making process.
The stance taken by SINET reflects a growing sentiment among various stakeholders in Nigeria, who are advocating for the protection of local industries and the safeguarding of national assets. The call to retain ownership of the Ajaokuta steel plant resonates with the broader objective of promoting self-sufficiency and economic stability within the country.
As discussions and deliberations regarding the future of Ajaokuta steel continue, it is imperative for the government to consider the long-term implications of any agreements or partnerships formed with foreign entities. The lessons from past engagements with international firms should serve as a guiding principle in prioritising the interests of Nigeria and its citizens.
In conclusion, the recommendation put forth by SINET underscores the importance of preserving and nurturing local industries, particularly in vital sectors such as steel production. The decision to retain ownership of Ajaokuta steel represents a commitment to national development and the protection of Nigeria’s industrial legacy.
It is essential for the government to approach this matter with careful consideration and thorough assessment of the potential impact on the country’s economy and industrial landscape. By prioritising the interests of Nigerian companies and citizens, the government can pave the way for sustainable growth and prosperity in the steel industry, as well as set a precedent for the protection of other national assets.
Source: Nigerian Tribune
