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Sole Administrator Defends Budget Allocation, Insist Ajaokuta as Scrap Can Generate $6bn

The Sole Administrator of the Ajaokuta Steel Company, Sumaila Abdul-Akaba, on Wednesday said privatisation of the plant is the best option to revitalise it and make it...

Ajaokuta Steel Project and the Cabal Fighting For Its Soul

A cautious optimism greeted a recent news by the Federal Ministry of Mines and Steel Development (FMMSD) that the Federal Government of Nigeria (FGN) and Global...

Coalition Declares Support for Local Investors, Kicks Against Concessioning Ajaokuta Steel

The coalition of civil society organizations working for the revival of Ajaokuta Steel Company Limited (ASCL) has declared its support for the privatization of the steel...

FG Exploring Ways to Resuscitate Ajaokuta Steel – Nigeria’s Ambassador to Russia

By Lizzy Okoji Prof. Abdullahi Shehu, Nigeria’s Ambassador to the Russian Federation, says the Federal Government is exploring ways to resuscitate one of Nigeria’s...

8 Foreign Investors, Local Coys Interested in Ajaokuta Steel as FG Move to Privatise Firm

The Federal government says it is planning to privatise the 43-year-old year Ajaokuta steel company in kogi state. The Minister of Mines and Steel, Olamilekan Adegbite,...

Ajaokuta Steel Settlement: Nigeria Release $250m as First Tranche to GSHL

The Federal Government of Nigeria has released $250m to Global Steel Holding Limited (GSHL) as part of first tranche of the $496m agreed upon by both parties over the...

FG Agrees to Pay $496m Settlement Claims on Ajaokuta Steel

The federal government yesterday disclosed that it had agreed to pay $496 million to settle a multi-billion dollar claim from Global Steel Holdings Limited following the...

NASENI Berates IMF, World Bank for Ajaokuta Steel Plant Failure

The Executive Vice Chairman of the National Agency For Science Engineering and Infrastructure (NASENI) Prof. Mohammed Sani Haruna, has disclosed that the abysmal...

Reps Seek to Make Ajaokuta Steel Mill Operational

The House of Representatives Committee on Steel on Friday called for concerted efforts by relevant authorities to ensure that the Ajaokuta Steel Mill located in Kogi...

Scraping, Abandoning Ajaokuta Steel Coy Will be a Waste — DG Metallurgic Devt Centre

Prof. Linus Asuquo, the Director-General, National Metallurgical Development Centre (NMDC), says scraping or abandoning Ajaokuta Steel Company will be a great waste....