Council chairman tasks AMCON on Premium Steel & Mines Ltd

Hon. Chief Solomon Kpomah, Chairman Udu Local Government Council has made it known that the potential for income generation and development of the Udu Local Government Area can only be enhanced when operations at the Premium Steel & Mines Limited plant are resumed; a reality that can only come to be when the Assets Management Company of Nigeria (AMCON) plays its part in settling the liabilities owed various stakeholders.

Vanguard reports that Hon. Chief Solomon Kpomah, Chairman Udu Local Government Council said this recently at a ceremony where the Steel giant as part of its needs-based CSR, presented the LGA with a fully fitted ultra-modern ambulance and a three-bedroom bungalow to serve as a primary health center.

As part of providing quality medical service to the community, 2 doctors will also be engaged to deliver much needed service to the residents of the community.

According to him, as part of the strategy to ensure the improvement of the economic lot of the LGA and indigenes, he had had a survey conducted into the intent of the PSML team and found that the desire to resuscitate the plant and begin productions is palpable.

“However, a little-known fact is that the contract of sale to Premium Steel, was for the assets of the plant only and AMCON has the contractual duty to settle all outstanding debts accrued by previous owners as relates to power, gas, contractors and past members of staff.”

“Therefore, AMCON needs, as a matter of urgency, to resolve these debts and pave the way for the revival of our priced Plant.”

Thanking the PSML team, Kpomah acknowledged their continuous contributions to the community even when operations had not commenced and, however looked forward to a more cordial and mutually beneficial relationship in the future.

In his words, “when this plant is fully operational, we foresee a wide spectrum value chain of opportunities and engagement with our restive youth and budding entrepreneurs who will in the long term contribute to the local and Delta State government via an increase in internally generated revenue.”

Vanguard also reports that the Chief Executive Officer Premium Steel & Mines Ltd, Mr. Prasanta Mishra, speaking at the presentation, reaffirmed the dedication in being a partner in the progress of the community and providing the pillars for the establishment of an all-inclusive way of life.

According to him, “We have made these donations in recognition of the pivotal role the health and wellbeing of a community plays in any economy. A healthy people will contribute actively to the growth of our community and the state as a whole.”

Also in attendance at the presentation were the Chairman’s council members, members of the community and some key management staff of the steel company.

Source: Vanguard