The attention of the Federal Ministry of Steel Development has been drawn to recent media reports regarding the future of the Ajaokuta Steel Company Limited (ASCL) by a certain individual from certain quarters.

The ministry therefore, noted that the rescucitation of the company was on course as there is no cause for any worry.

In a statement by Salamatu Jibaniya, head of Press and Public Relations Department on Thursday, it noted that, “While we note the concerns expressed, it is important to state that the federal government remains firmly committed to the development of Nigeria’s steel sector, including the resuscitation of ASCL.

“A comprehensive technical and financial audit of the plant is presently underway to ensure that any decision taken is transparent, data-driven and in the best interest of Nigeria. The overall assessment of the previous technical audit report dated 2018 maintained that the general status of the steel plant is in robust condition except for normal deterioration of replaceable parts and recommended automation of manual control systems for improved efficiency.

“The ministry therefore remains confident that the updated audit would provide a sound basis for decisive action that advances Nigeria’s industrial aspirations.”

To that extent, the statement noted that the federal government is determined to build a competitive and modern steel industry that supports national industrialisation and infrastructure growth.