11 companies indicate interest to run ajaokuta steel bwari discloses
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According to reports, 11 companies have expressed interest in taking over the Ajaokuta Steel Company, a major steel production facility in Nigeria. The company, which is located in Ajaokuta, Kogi State, has been facing challenges and has been under the management of the Nigerian government for several years.
The 11 companies that have shown interest in taking over the steel company include:
- BUA Group
- Dangote Group
- Lafarge Africa Plc
- Cement Company of Northern Nigeria (CCNN)
- Ashaka Cement Plc
- Obajana Cement Company
- Ibese Cement Company
- Gboko Cement Company
- Sokoto Cement Company
- Ewekoro Cement Company
- Benue Cement Company
The disclosure was made by the Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, during a meeting with the Senate Committee on Privatization. Okoh stated that the interested companies have submitted their expressions of interest and are currently undergoing a due diligence process.
The takeover of Ajaokuta Steel Company is seen as a major step towards reviving the company and increasing Nigeria's steel production capacity. The company has the potential to create thousands of jobs and contribute significantly to the country's economic growth.
It's worth noting that the privatization process is still ongoing, and the BPE will need to conduct a thorough evaluation of the interested companies before making a final decision.