Tag: Steel importation into Nigeria
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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…