Expectations from New MD of Ajaokuta Steel Company and Collaboration with AJACCIMA

By Oru Leonard Oru

The appointment of Nasir Abdulsalam as the new Managing Director of Ajaokuta Steel Company marks a significant milestone in the company’s history. With his wealth of experience in the steel industry, Nasir is expected to drive the company’s growth and development, aligning with President Bola Tinubu’s Renewed Hope Agenda.

Key Expectations from MD Nasi

• Revitalizing Ajaokuta Steel Company: Abdulsalam is expected to leverage his expertise to improve the company’s performance and productivity, making it a key player in Nigeria’s industrial sector.
• Driving Economic Diversification: The new MD is expected to contribute to President Tinubu’s Renewed Hope Agenda by promoting economic diversification and reducing dependence on oil revenue.
• Generating Employment Opportunities: The appointment is expected to create new job opportunities in the steel industry, aligning with the government’s goal of promoting economic growth and development.

• Positioning Nigeria as Africa’s Industrial Hub: Abdulsalam’s appointment is seen as a strategic move to establish Nigeria as a major industrial hub in Africa through the Steel Company, attracting investments and promoting economic cooperation with other countries.

Challenges Ahead

• Rehabilitating the Ajaokuta Steel Plant: The new MD will need to work with the Russian Consortium to complete the rehabilitation of the Ajaokuta steel plant, which is expected to boost the company’s production capacity.
• Addressing Industry-Wide Challenges: Abdulsalam will need to address industry-wide challenges, such as infrastructure deficits, insecurity, and policy inconsistencies, to ensure the company’s success.

Collaboration with Ajaokuta Chamber of Commerce, Industry, Mines, and Agriculture (AJACCIMA):

To achieve these expectations, Nasir will need to work closely with the Ajaokuta Chamber of Commerce and Industry. The chamber can provide valuable insights into the local business environment, facilitating partnerships and collaborations that can drive the company’s growth.

• Promoting Trade and Investment: The chamber can help promote trade and investment opportunities in the steel industry, connecting local businesses with global markets.
• Providing Business Support Services: The chamber can offer business support services, such as training and capacity-building programs, to enhance the skills of the company’s workforce.
• Advocating for Business-Friendly Policies: The chamber can advocate for business-friendly policies and regulations that support the growth and development of the steel industry.

Conclusion
The appointment of a man with wealth of experience and expertise like Nasir Abdulsalam as the new MD of Ajaokuta Steel Company is a significant step towards revitalizing the company’s fortunes and promoting economic growth in Nigeria.

By working closely with the Ajaokuta Chamber of Commerce and Industry and other relevant International Organizations, Nasir can drive the growth and development of Ajaokuta Steel Company, contributing to Nigeria’s economic diversification efforts and promoting economic growth and development.

Oru Leonard Oru (frpa.mnin), is a Media and Business Development Practitioner based in Abuja. He is the Publisher of News Dot Africa and Vice President (Business Development), of the Nigeria Bangladesh Business and Technology Forum (NBBTF).