Yakubu Dogara, speaker of the house of representatives, says the national assembly will resist any move to concession Ajaokuta Steel Company Limited.
He said concessioning the company would amount to “concessioning Nigeria’s future.”
Dogara said this on Monday when he led members of the house committee on steel to the company in Kogi state.
The steel company has been under construction since 1979 when it was established.
The speaker said it is a “collective shame” to all leaders that the project is yet to be completed after many years.
“Imagine if this plant had been completed in 1986, where Nigeria would be at the moment,” he said.
“Any patriotic Nigerian that visits this place will shed tears irrespective of the part the person is from and for a foreigner that visits here, when he hears people describe this place as a shithole, he will go with the impression that it may be true.
“You cannot concession your future, it is never done. I’m yet to see a nation that even concessions its bedrock and still succeeded. And that’s why previous attempts to concession it were not possible.”
Dogara said anyone who plans to outsource the completion of this plant “will definitely run into problems with us.”
He said as part of efforts to source for the $500 million needed to complete the last phase of the project, the house will consult with stakeholders to work out ways to source for the
According to him, why the steel company has not been completed was due to leadership problem.
“Where there is competent leadership, ways to source funding for such a multi potential company will not be a problem,” he added.