5,000 jobs possible as Premium takes over from Delta Steel Company


By Kasarachi Azuka/Asaba

Over 5000 direct and indirect jobs are said to be possible as the long-dead Delta Steel Company (DSC) Plc rebounced through Premium Steel Rolling Mill.

This has brought joy right from the top to the grassroots.

Details: Delta State and its people, last week, witnessed a new era in the life of the moribund state-owned steel company, the Delta Steel Company (DSC) Plc, as the firm gave way to a re-tooled plant with state-of-the-art equipment. The steel plant now operates as Premium Steel Rolling Mill, Ovian-Aladja, and it is expected to boost the economy of the state, Nigeria, and Africa at large,

“With the company’s one million ton liquid steel capacity plant responsible for reinforcing Nigeria with steel and allied products, the company is targeting at least 5,000 direct and indirect jobs that would touch 30 lives in the first instance before we start calculating the secondary opportunities it creates”, said Prasnata Mishra, chief executive officer of Premium Steel Rolling Mill at the commissioning of the plant.

Mishra expressed shock that the legacy of the erstwhile Delta Steel Company originally commissioned in 1982 was left in terrible state as the plant was in total shambles and deplorable shape when Premium Steel acquired it but said it is now retooled with state-of–the art equipment for competitive production.

Delta State Governor, Ifeanyi Okowa, who commissioned the project, observed that functionality of the steel company was very vital to the technological development of the nation. “This is the right step if we must develop in Nigeria. As a nation, we must encourage development of infrastructure”. He too was sad that the place was abandoned for years.

He went on to say that the reopening of the structure has brought excitement to Delta State government and the people of Udu in particular just as he expressed hope that the company’s production output would surpass the previous output.”

According to him, the management of Premium Rolling Mill would harness the huge oil and gas deposit in the area to also establish a petrochemical company in the area.

An elated Okowa commended the federal government, the Asset Management Corporation of Nigeria (AMCON) and other stakeholders for the different roles they played for the company to be back on stream and assured that the people of the state would remain peaceful as the company takes note of local content in their activities.

Minister of mines and steel,  Kayode Fayemi, and the managing director of AMCON, Ahmed Kuru, who spoke through Okoronkwo Onwukwe thanked Gov Okowa’s administration for the  supportive roles it played for the steel company to be back to life. They assured thus; “We must do everything in our power to protect this industry”.

Economic watchers believe that with the rebirth of the steel company and many more firms that are being established, Deltans, especially the jobless youths, have no reason to live below poverty line.