…Bill passes first reading OpeOluwani Akintayo 13 July 2018, Sweetcrude, Lagos — The Ajaokuta Steel Company Limited, ASCL, is about to…
Browsing: National Iron Ore Mining Company
“The Federal Government does not need any mediation to determine its ownership of Ajaokuta Steel Complex as the integrated steel complex has always been the property of Federal Government of Nigeria.”
The member representing Ajaokuta federal constituency said in the last two years, he had raised motions on the need to avoid the sale of the steel company, adding that he had also presented a motion on the need for the federal government to renegotiate the completion of the steel company with its original builders.
Authorities want to revive it as part of Buhari’s efforts to lessen the economy’s dependence on crude, which accounts for 90% of export earnings and the price of which has dropped 62% from a 2008 record. Ajaokuta cost more than $4.5-billion from 1979 to 1993, according to the World Bank.
17 December 2015, Lagos – The Federal Government will soon unfold its blueprint for the rehabilitation of the Ajaokuta Steel Company…
05 October 2015, Abuja – The metallurgical, mining and materials division of the Nigerian Society of Engineers has called on…