Browsing Tag
ajaokuta steel
3 posts
Ajaokuta Steel Company Pays N38.9 Billion in Salaries Without producing a single sheet of steel – Investigation reveals
Despite being a moribund company, the Ajaokuta Steel Company has received a staggering sum of N38.9 billion in salaries and allowances over the past 10 years.
The company, which was conceived in 1979 to be a major player in Nigeria’s … Continue Reading
Federal Government Plans Military Hardware Production at Ajaokuta Steel Mill, Says Minister
The Minister of Steel Development, Prince Shuaibu Audu, announced on Monday that the Federal Government is set to initiate the production of military hardware at the Ajaokuta Steel Mill.
The long-standing steel complex, built over 40 years ago, has … Continue Reading
Nigeria Enters Strategic Partnership with Chinese Firm for Ajaokuta Steel Plant Revival
In a significant move, the Federal Government of Nigeria has joined forces with Luan Steel Holding Group, a prominent Chinese company, to breathe new life into the dormant Ajaokuta Steel Plant.
The collaborative effort aims to establish a cutting-edge … Continue Reading