The Federal Government has described the problem with the Ajaokuta Steel Company as very complex.
Director-General of Bureau of Public Enterprises (BPE), Alex Okoh, who spoke to journalists in Abuja on Monday while presenting updates on the bureau’s 2021 work plan, assured that efforts were ongoing to resolve the issues.
“Currently there are negotiations with GINL, who are the original concessionaires of Ajaokuta and it is a very complex problem to untangle.
“But I can, without divulging too many details, state that we are close to being able to resolve the issue, especially the litigation around Ajaokuta and once that is done we can then go ahead and take a decision on what to do with Ajaokuta,” he said.
In 2019, Okoh expressed the willingness of President Muhammadu Buhari’s administration to resolve ongoing legal issues between federal government and Global Infrastructure Nigeria Limited (GINL) on Ajaokuta Steel Company Limited.
He said the government was desirous to see that ASCL was completed and made operational.
He solicited the support of the National Assembly, management of ASCL and other stakeholders in achieving the goal under the administration.
