Ukraine To Invest In Ajaokuta Steel Company

Ukrainian Ambassador to Nigeria, Valeriy Aleksandruk, has said that his country is ready to invest one billion dollars into Ajaokuta Steel Company in order to revive the plant.

ALeksandruk said this  according to a statement by Alex Okoh, Head, Public Communications, Bureau of Public Enterprises (BPE) in Abuja on Thursday.

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The statement said that the ambassador made the disclosure when he paid a courtesy call on the Acting Director General of the BPE, Vincent Akpotaire.

It also stated that Aleksandruk said that the Ukrainian company that built the plant -Tiajpromexport (TPE) – had presented a proposal to the Federal Government to that effect.

He said that the steel company has a lot of potentials which his country wanted to take advantage of and that already, meetings were on with relevant people in Nigeria for the realisation of the planned takeover of the plant.

Aleksandruk emphasised that Nigeria has a very good relationship with Ukraine especially in areas of trade and investments adding that there was a big Nigerian community in his country.

He, however, added that Ukraine was ready to “open a new page in its relationship with Nigeria” and pledged to assist the Bureau in its training needs to become a foremost privatisation agency in Africa.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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