The Kogi Elders Forum have vehemently opposed the plan by Federal Government to sell Ajaokuta Steel Company located in Ajaokuta, Kogi State to fund the 2018 budget.

Chairman of the Forum, Chief Julius Elukpo and the elders vowed to resist any attempt to sell the steel complex through constitutional means.

It will be recalled that the Federal Government said it was ready to offer more of its assets for sale soon, under the ongoing privatisation programme aimed at raising more money to implement the country’s 2018 deficits based budget.

The group said it would resist any attempt to put the multi-billion naira Ajaokuta Steel Company located in the State for sale.

According to the group, concerted efforts, including constitutional means would be employed to stop the sale of the integrated steel company.

READ ALSO: Another Veteran Yoruba Actor Is Dead

Elukpo said its position was sequel to a statement credited to the governor of the Central Bank of Nigeria, Godwin Emiefele that government intends to sell the company and others to fund the 2018 budget.


He described the government’s proposal as “a rude shock”, saying an outright sale of the steel plant would not be in the best interest of the nation.

Elukpo warned that the forum would make the company a campaign issue for the 2019 election, saying that the people of the state would be mobilized to vote for any presidential candidate ready to complete the project.

He deplored the state of federal roads in the state, calling on the Federal Road Maintenance Agency to fix them as soon as possible.

Meanwhile, a recent audit report revealed that a reactivation of the steel company would cost $652 million.

Don’t forget to please share this story with your friends and family