Good news as FG, Russian firm to seal completion deal on Ajaokuta Steel January
Development reasons may have prevailed over political considerations as the Federal Government has shifted ground from its former stand on concessioning the moribund Ajaokuta Steel complex. Follow up to fruitful discussions at the recent Afro-Russia Summit in Moscow, all is…
Set up NNMC, run it like NNPC to end banditry in key mining states—AEEPM
Leading nongovernmental organization (NGO), the Africa Environmental & Economic Peace Mission (AEEPM), has called for the establishment of Nigerian National Mining Corporation (NNMC) that will be run like the Nigerian National Mining Corporation (NNPC) to tame the incessant banditry in…
FG should forget plans to sell Ajaokuta steel complex—NASS
Barely 24 hours after the Federal Government revealed its readiness to offer more of its assets for sale soon, under the ongoing privatisation programme including Ajaokuta Steel Complex, a federal lawmaker has cautioned against the move, saying “House of Representatives…
‘Ghanaian iron, steel sector growing faster than Nigeria’s solid minerals industry’
Strong indications have emerged showing that the volume of growth so far recorded in Ghanaian iron and steel sector has surpassed activities in the Nigerian solid minerals sector. Whereas the government is currently motionless in reviving the Ajaokuta Steel Complex,…
Funding steel dependent contracts with imported iron misplaced priority—Dogara
Speaker of the House of Representatives, Hon. Yakubu Dogara has argued that it amounts to misplacement of national priority when government is speeding up steel dependent projects without fixing Ajaokuta Steel complex, Delta Steel and others. He said the amount…
Nigeria can save $3bn yearly if it begins backward integration on steel—BUA chief
In his remarks at the opening plenary of the Africa CEO Forum in Abidjan, Cote d’Ivoire, the founder/Executive Chairman of BUA Group and Chairman of CCNN, Abdulsamad Rabiu, has advised the federal government to work towards implementing backward integration in…
State of Ajaokuta Steel Complex, a collective shame to Nigerian leaders—-Dogara
The Speaker of the Federal House of Representatives, Barr. Yakubu Dogara, has described the current leprous state of the supposed largest steel complex in Africa, the Ajaokuta Steel Complex, in Kogi State as a collective shame to all leaders. While…
Buhari may not resolve issues on Ajaokuta Steel Complex before end of tenure
Indications have emerged showing that efforts of the current administration in seeing that the moribund Ajaokuta Steel Complex comes to life before the end of tenure may remain a dream. This is based on the inability of the government to…
Endless concession of Ajaokuta Steel reenacted with fresh counter by Indian group
At a time the peace accord signed by the Federal Government and the Indian firm, Global Infrastructure Nigeria Limited (GINL), for the resolution of the Ajaokuta Steel Company’s legal tussle was expected to yield, the company has come up a…
Finally, FG gets set to sell Ajaokuta Steel Complex to private operators
Contrary to the advice of several economists, the Federal Government Wednesday said it will sell the Ajaokuta Steel Complex to a private sector operator with the capacity to turn around the fortunes of the beleaguered company. Minister of Mines and…
