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Kwara State Governor AbdulRahman AbdulRazaq has recommended that KAM Holdings Limited, a prominent Kwara-based steel company, be considered to take over the operation of the Ajaokuta Steel Production as part of the ongoing effort to revitalize Nigeria’s steel industry.

This recommendation was made during the Governor’s meeting with the Honourable Minister of Steel, Prince Audu Shuaib Abubakar, who visited Kwara State to assess the potential for industrialization and steel sector development.

Governor AbdulRazaq highlighted the significance of the Federal Government’s plan to rejuvenate the Ajaokuta Steel Company, emphasizing that the revival of the steel sector is crucial to Nigeria’s industrialization efforts.

He stressed that KAM Holdings, led by Alhaji Kamoru Yusuf, has made notable contributions to the steel industry and should play a leading role in this revitalization effort.

During his remarks, the Governor outlined the strong case for KAM Holdings’ involvement, pointing out that Kwara is currently the second-largest steel producer in Nigeria, thanks to KAM Holdings’ extensive operations.

He noted that the company’s investment in Kwara State runs into trillions of naira, which is a testament to the commitment and patriotism of its founder, Alhaji Kamoru Yusuf.

Governor AbdulRazaq explained that KAM Holdings’ success in steel production, coupled with its deep-rooted connection to Kwara, makes it an ideal candidate to manage Ajaokuta Steel Production.

He encouraged the Minister to consider KAM Holdings’ track record and potential as a significant boost to Nigeria’s industrialization drive.

The Governor’s strong endorsement of KAM Holdings was met with support from key cabinet members and business leaders in attendance, reinforcing the company’s pivotal role in the state’s economy.

In response, Minister Prince Audu Shuaib Abubakar commended Governor AbdulRazaq’s leadership and the state’s progress in various sectors, including healthcare, education, and infrastructure.

He acknowledged that the partnership with KAM Holdings could significantly contribute to Nigeria’s goal of creating 80 million jobs over the next eight years, in line with President Tinubu’s vision to expand Nigeria’s GDP to over $1 trillion.

1 thought on “Gov AbdulRazaq advocates for KAM holdings to manage Ajaokuta steel production

  1. It’s a welcome idea and a plus to Kwara State if KAM Holdings is considered to take over the operation of the Ajaokuta Steel Company

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