Monday, 13 Jun 2011
It is reported that Mr Goodluck Jonathan President of Nigeria has been urged to hand over the National Iron Ore Mining Company Itakpe to the management of Global Infrastructures Nigeria Limited to enable them put Delta Steel Company, Aladja into maximal production.
An Abuja based business group, Small Scale Metal, Iron and Steel Marketers Association of Nigeria made the call recently. It was reacting to a recent statement credited to the Bureau of Public Enterprises which admitted that the Delta Steel is currently operating at 30% of installed capacity and that it would double its output if it is granted access to the National Iron Ore Mining Company, Itakpe.
Mr Cletus Ibeneme Ohakwue Chairman of SSMISMAN lamented the deplorable condition of NIOMCO which, he said has been totally abandoned and overgrown by weeds. He described as counterproductive, a situation where steel companies are left to rot away while government pays billions of naira every year as salaries to thousands of workers who are doing nothing.
He said this is more especially so when an investor took the burden off the national economy while running the companies in very hostile business environment.
He added that "The admission by BPE that DSC is operating at 30% of installed capacity and that the company would operate at double that level if it has access to NIOMCO is a clear evidence that politics, rather than national interest has been the influencing factor in government's failure to allow DSC management operate NIOMCO.”
He also said "It also exposes all the lies being peddled by anti-privatisation campaigners that DSC is not working."
(Sourced from AllAfrica)
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