15 November 2012

Nigeria: Jonathan Appoints Sole Administrators for Ajaokuta, Itape Steel

President Goodluck Ebele Jonathan has approved the appointment of Engineer Isa Joseph and Engineer Abubakar Yaro Ibrahim as the sole administrators for the moribund Ajaokuta Steel Company and National Iron Mining Company (NIOMCO) respectively.

A statement made available to LEADERSHIP yesterday, revealed that the appointments were announced by the Minister of Mines and Steel Development Architect Mohammed Musa Sada when he issued the letters of appointment in Abuja, yesterday.

According to Sada the appointments take immediate effect.

Sada said that "Their appointments were on the basis of their experiences and professionalism in the metals sector, and they should be able to bring about the expected turnaround in the two facilities"

According to him, what informed the federal government decision was the need to inject new ideas into the two facilities to make them operate in line with the present dispensation transformation agenda on service delivery".

He advised the new appointees "to add value to the two companies by making them operational, to select their management teams on the basis of seniority, experience and competence while urging them to carry along the labour unions in the discharge of their duties".

While the sole administrator for Ajaokuta is an experienced metallurgical Engineer and a top management staff of the company, who hails from Kogi state, his counterpart is Engineer Abubakar Yaro Ibrahim seasoned Mining Engineer from Taraba state

The handing and taking over ceremonies between the new administrators and the former interim management committee on the two companies are expected to be completed within the week.

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