The reactivation of Ajaokuta Steel Company alone could create jobs for no fewer than 140,000 Nigerians.
The Iron and Steel Senior Staff Association of Nigeria, ISSSAN, said on Wednesday that the reactivation of the country’s steel industry would be one of the solutions to Nigeria’s unemployment problem.
The ISSSAN Deputy-General Secretary, Adewale Okesola, who said the revival of the steel sector was the hope for the country to resolve her unemployment problem, said the reactivation of Ajaokuta Steel Company alone could create jobs for no fewer than 140,000 Nigerians.
“If Ajaokuta Steel Company alone can absorb so much unemployed Nigerians, then we can be sure that the other steel firms, if also revived, would employ much more,” Mr. Okesola said.
“So, let the government ensure the revival of the steel companies scattered around the country. By the time Ajaokuta, Delta, Osogbo, Jos and Kastina steel firms are revived, we will not be talking of unemployment in the
Mr. Okesola said tapart from creating direct employment, the revival of the steel sector would also create indirect employment for millions of other Nigerians.
He said the revival of the industry would definitely aid the growth of the country’s new automobile industry and the transformation of the epileptic Nigerian Railway Corporation, NRC.
He said government was aware of the genesis of the nation’s unemployment problems, adding that if government could focus on the sector and inject money into reactivation of the steel industry, the country would experience an immediate turnaround.
The union blamed the deplorable situation in the sector on lack of commitment by government to facilitate a turnaround, corruption and politicisation of the steel sector.
The problem, he said, has also hindered all efforts to transform the industry and the growth of other sectors of the economy that depended on it for survival.