Tag: Steel
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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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Steel: Tinubu receives brief on $10bn investment prospects
President Bola Tinubu on Thursday held a meeting with the Minister of Steel Development, Prince Shuaibu Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects in the steel sector.
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Speaker Dogara: Nigeria’s industrialisation unattainable without…
Speaker Yakubu Dogara has, again, called on the executive to give priority to steel development in Nigeria, saying it is the bedrock of the development of the country. He argued that the country keeps losing revenue through importation of steel, even more that the government is focused on implementing projects that are dependent on steel…