Why Ajaokuta Steel must go private
✨ AI Summary
A Punch editorial argues that the Ajaokuta Steel Company should be handed over to private investors. The company owes N5.46bn and now faces disconnection over the unpaid debt. The paper says state control has turned the plant into a drain on public money instead of the industrial engine it was meant to be.
An editorial on why the Ajaokuta Steel Company, facing disconnection over N5.46bn debt, should be privatised to end its drain on Nigeria’s economy. Read More: https://punchng.com/why-ajaokuta-steel-must-go-private/
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