The Chairman of the National Conference Committee on Science and Technology, Dr. Daniel Maddo, on Thursday in Abuja presented the report of the committee for consideration and adoption with a submission that the Ajaokuta Steel Complex required $1.2bn to be revived.
According to him, the conference should mandate the Federal Government to provide the sum of $500m needed to complete the steel complex.
Apart from the $500m, Maddo said theonfab should ask the government to provide additional $700m for the infrastructure required by the steel plant to fast-tract the acquisition of skills in the fabrication and foundry industry.
Most delegates in their contributions agreed with the committee that ASC should be revamped to boost the economic development of the country.
Meanwhile, delegates have written off the ability of the Federal Government to effectively fund the development of nuclear technology in Nigeria.
Part of the recommendations contained in the report was that adequate funding should be provided by government for nuclear technology.
They were of the opinion that utilisation and funding of nuclear technology were capital intensive, considering the complexities that were associated with the management and maintenance of nuclear technology.
A delegate on the platform of Civil Society Organisations, Mr. Nnimmo Bassey, said with Nigeria’s inability to manage her hydro-electricity technology, the country could not attempt to go into the nuclear sector which was more complex. (Punch)