Cancel Ajaokuta steel privatization, revive it with Abacha loot, Reps tell FG
The National Assembly and particularly the House of Representatives on Thursday, called on the Federal Government to “demonstrate a strong political will, just like the United States President did recently in the steel sector, to resuscitate the Ajaokuta Integrated Steel…
Confusion still rages on fate of Ajaokuta Steel Complex
Contrary to claims by the Federal Government that it will soon take decision on what happens to the Ajaokuta Steel Complex, there are serious indications that the matter surrounding the re-concessioning, may linger till next year. Whereas a director of…
How FG abandoned completion of Ajaokuta Steel complex at 98% in 1994
The bitter truth is that in 1994, the firm was just in need of $400m for completion, but now, it will need more than $1.21bn to revive it. The said facility will come in two trenches. First; about $513m to…
FG looking at concession, outright sale, or JVP for revival of Ajaokuta Steel complex
As the complexity of the back-to-life plan of the moribund the Ajaokuta Steel Company Limited lingers, fresh report submitted by the appointed consultant, Greenwich Trust Limited, has put three revival options on the table for the government to pick one….
