Tag: ajaokuta steel company
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How Nigeria imports $8bn steel yearly while Ajaokuta Steel Company rots away
The Minister of Steel Development, Mr Shuaib Abubakar, says Nigeria spends $8 billion to import steel into the country annually, saying it has become necessary for the Ajaokuta steel company to work.
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2023: What I will do with Ajaokuta Steel Company – Peter Obi
Mr Peter Obi, the Presidential Candidate of the Labour Party (LP), has promised to resuscitate the Ajaokuta Steel Company if elected Nigeria’s next president in 2023 general elections.
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2023: What my top agenda will be if elected president – Saraki
Sen. Bukola Saraki, a presidential aspirant on the Peoples Democratic Party (PDP) platform has opened up on what he will do in his first year in office if elected president of Nigeria in the 2023 general election.
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Nigeria imports N837bn steel despite spending over $8bn on Ajaokuta
Nigeria has imported steel worth over N837 billion despite having spent over $8 billion on Ajaokuta Steel Company Limited. Steelmakers are therefore sceptical about the planned concession of Ajaokuta Steel Company Limited after Nigeria imported iron, steel, and metals valued at N837.761bn in the third and the fourth quarters of 2021. According to the National…
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We’ll resuscitate Ajaokuta steel company soon – Osinbajo
The Ajaokuta Steel Complex in Kogi State will soon start working again for the benefits of the people, Vice President Yemi Osinbajo, has assured. He gave the assurance at the Civic Centre in the Palace of Attah of Igala, Dr. Michael Idakwo Ameh Oboni, as part of the administration’s campaign for the coming elections. Osinbajo…
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House joins bid to raise $500m for completion of Ajaokuta Steel project
The Speaker of the House of Representatives, Yakubu Dogara on Monday confirmed that the House will join in the bid to raise $500million needed to complete the last phase of the Ajaokuta Steel project. He said except the political will is lacking, getting the funds to complete the company should not be an issue, given…
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FG allocates 4.3bn for revival of Ajaokuta Steel Company
The federal government has allocated over N4 billion for the resuscitation of the Ajaokuta Steel Company. The allocation is contained in the 2017 appropriation budget which was presented to the National Assembly in December by President Muhammadu Buhari. According to the breakdown, a total sum of N4,272,797,371 was appropriated, higher than the N3.9 billion budgeted…