Aliko Dangote, President and Chief Executive Officer of Dangote Refinery, has stated that the Ajaokuta Steel Company is unlikely to succeed.
Speaking in a video shared on social media, he expressed doubts about the plant’s viability, stressing that no nation can thrive without a functional steel industry.
He said: “There is no nation that you can build without a steel industry and honestly within us here, Ajaokuta Steel Company will not work.
“We can keep deceiving ourselves and keep being passionate about it, but it’s not possible.
“It’s like you now, if you remember those vehicles we used to produce for Volkswagen, Igala. If you bring Igala now, will you compare it with the current Kia? No.
“Things have changed, I was waiting for my driver in Italy and we didn’t see him on Tuesday and my assistant called an Uber going to a restaurant. The guy was nice to us and gave us mint but I said no thank you.
“I said this vehicle is nice and he said no it’s Tesla electric and our electricity is very expensive here. I said what does it cost you? He said about €20 to fully charge to run 500km.
“Things have changed and all of us have to keep changing or you will become archaic, it’s like you going to the grave yards to try being a d ad person or you go hospital to bring somebody from his dying bed to run 100 meters, it’s impossible.
“I love Nigerians because it’s only Nigerians who would rush to the airport without having a confirmed booking and he would make much noise.”
