The Federal Government has dismissed recent media reports suggesting that Ajaokuta Steel Company Limited (ASCL) is in decline, affirming that the facility remains in good condition.
The statement, issued by Salamatu Jibaniya, Head of Press and Public Relations at the Ministry of Steel Development, emphasized the government’s commitment to Nigeria’s steel sector and the revitalization of ASCL.
“The Federal Ministry of Steel Development has noted recent reports regarding the future of Ajaokuta Steel Company. While we acknowledge public concern, the government remains dedicated to the development and resuscitation of the steel sector,” the statement said.
A comprehensive technical and financial audit of the plant is currently underway to ensure decisions are transparent, data-driven, and aligned with national interests. The statement referenced a 2018 technical audit, which found the plant in generally robust condition, noting only normal wear and tear of replaceable components and recommending automation of manual control systems to improve efficiency.
“The ministry is confident that the updated audit will provide a sound basis for decisive action to advance Nigeria’s industrial ambitions,” the statement added.
The assurance comes amid ongoing discussions about Nigeria’s broader industrial development strategy and the critical role of ASCL in the country’s steel production.
