Tag: Ajaokuta Steel

Nigeria, Russian Firms Sign MoU To Revive Ajaokuta Steel Plant, NIOMCO 
September 21, 2024 No Responses

Nigeria, Russian Firms Sign MoU To Revive Ajaokuta Steel Plant, NIOMCO 

The Nigerian Government, through the Ministry of Steel Development, has signed a Memorandum of Understanding (MoU) with a Russian consortium for the rehabilitation, completion, and operation of the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company (NIOMCO)....
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Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector
January 12, 2024 No Responses

Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector

President Bola Tinubu, on Thursday, at the State House in Abuja, held a meeting with the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects...
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FG To Raise N35b For Ajaokuta Light Steel
January 12, 2024 No Responses

FG To Raise N35b For Ajaokuta Light Steel

The Federal Government will raise about N35 billion for the Ajaokuta Light Steel mill through the local financial market. Mr Shuaibu Audu, Minister of Steel Development, disclosed this to State House Correspondents after a meeting with President Bola Tinubu on...
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Ajaokuta Steel To Generate $1.6b, 500,000 Jobs
December 30, 2022 No Responses

Ajaokuta Steel To Generate $1.6b, 500,000 Jobs

Ajaokuta Steel Complex will generate $1.6b annually and provide 500,000 jobs for Nigerian youths, President Muhammadu Buhari has said.  Malam Garba Shehu, the Presidential spokesperson in a statement, explained aid that Buhari said this at the Palace of t...
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