Reps ask Buhari government to halt “last minute” concession of Ajaokuta Steel Co.

The House of Representatives has asked President Muhammadu Buhari to suspend the “last minute” concession of Ajaokuta Steel Company.

Mr Halims, in his motion, said the planned concession at the eleventh hour of the current administration is self-serving and not in the national interest.PREMIUM TIMES reported that the Nigerian government agreed to pay $496 million to settle a multibillion-dollar claim by Global Steel Holdings Limited.

“Why now? Why the hurry to concession such strategic national assets within a narrow window of less than six weeks? Why the rush to consummate a concession deal during this transitional period and not leave it for the incoming administration which stands inaugurated on the 29th of May 2023,” he said.

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