Senate Must Intervene In Planned Concession Of Nigerian Steel Companies In Ajaokuta, Itakpe To Private Investors – Civic Group | Sahara Reporters

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A civil society group, the Social Integrity Network (SINET), has called on the leadership of the Nigerian Senate to intervene and halt the plan trade-out of Ajaokuta Steel Company Limited and Itakpe Iron Ore Company to capitalists, warning against a repeat of Delta Steel Company scenario.

SINET which made the appeal after it emergency national meeting in Jos, Plateau State, North Central Nigeria, also requested that a committee be set up to look into the ongoing plan for concession with a view to ensuring that the process would equally be of beneficial to the greater good of Nigerian people.

According to the group, the senate president should ensure that the process is halted, reversed and handed over to the incoming administration for proper scrutiny and consideration with the national interest. The concession of national heritages such as National Iron Ore Company Limited, Itakpe, and Ajaokuta Steel Company Limited, according to the group, should be subjected to thorough Legislative Processes and Contributions from major stakeholders such as the Manufacturers of Association of Nigeria, with considerable time frame.

"There is a need for the leadership of the National Assembly, Civil Society Organizations, Independent Corrupt Practices Commission, Bureau of Public Enterprises, , and Economic and Financial Crimes Commission, to quickly intervene and order immediate reversal of the process in the interest of over 200million Nigerians. Failure to do this is tantamount to the fact that Nigeria is sitting on the keg of gunpowder and only waiting to explode.

 

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