Ajaokuta Steel Plant

NASS Boosts Ajaokuta Steel Company’s 2024 Budget with N730 Million for Community Initiatives Beyond Kogi State

by
NASS adds N730 million to dormant Ajaokuta Steel Company’s 2024 budget for community projects in Lagos, Kwara, Niger

In a noteworthy development, the National Assembly has augmented the proposed 2024 budget for the dormant Ajaokuta Steel Company, elevating the allocation from N4.45 billion to N5.18 billion. This increase of N730 million is aimed at rejuvenating the inactive steel plant, which has remained dormant for over four decades. A significant portion of the budget, … Read more

FG Plans N35 Billion Local Financing to Revitalize Ajaokuta Steel Plant

by
FG Plans N35 Billion Local Financing to Revitalize Ajaokuta Steel Plant

In a strategic move to rejuvenate the Ajaokuta Light Steel mill, the Federal Government is set to raise approximately N35 billion through local financing. This announcement was made by the Minister of Steel Development, Mr. Shuaibu Audu, following a crucial meeting with President Bola Tinubu in Abuja on Thursday. The primary focus of the Ajaokuta … Read more