A Non Governmental Organization, NGO Network, working under the aegis of CSO Coalition for the Revitalization of Ajaokuta Steel Plant, has stated that Ajaokuta Steel Plant is the bedrock of Nigerian Industrialization for economy booster. This was made known via interview conducted with the Project Director of the CSO, Mohammed B Attah as a follow up to the letter of 11 June 2020 addressed to the Chairman, Ajaokuta Presidential Implementation Committee.
The group revealed that Ajaokuta Steel Plant was conceived and steadily developed with the vision of erecting a metallurgical Process Plant cum Engineering Complex and to generate upstream and downstream industrial, noting that economic activities critical to the diversification of the economy of the country into an industrial one.
While arguing that It is Nigeria’s biggest industrial investment in one location , the group added that Ajaokuta Steel Plant was designed to produce liquid steel via the blast furnace, a major and current technology for steel production around the world.
The group also noted that for several years till date, over 70% of world steel production is via the Blast Furnace Process Technology.
The choice of technology, Blast Furnace – Basic Oxygen Process (BF=BOF) is still the best and the most popular worldwide:
It remains the most acceptable and applied technology in Iron making process.
Most established technology
Quite Energy efficient
Capability of processing even the least acceptable grades of iron ore
Quite flexible in operation
Easily adaptable to modernization and automation.
Speaking on the gap between the developed and less developed nations the group cited that a product of the technological and scientific superiority of the Developed Nations is the key adding that the developed Nations are the industrialized nations
and industrialization is driven by technology.
The group argued that the steel sector is very critical to our national development because of its catalytic role and linkage effects on other sector of the national economy and It is an employment generator.