Ajaokuta Steel project’s revival gets panel
The Secretary to the Government of the Federation SGF, Mr Boss Mustapha, who also doubled as the Chairman of the Team, said the government intended to create opportunities for the development of national capacity for real industrialisation.
“The pressing need to redress these avoidable challenges has necessitated this Presidential intervention at this time. This is further underscored by difficulties being witnessed with present challenges in the global oil industry,” he said. He pointed out that the Ajaokuta Steel project was ‘’to be resuscitated on the basis of a government-to-government agreement with funding from the Afrexim bank and the Russian Export Centre. However, one of the key issues discussed by the parties was the Technical Audit, Upgrade, Completion and Operation of the Ajaokuta Steel Company.
iii.
Earlier, the Minister for Mines and Steel Development, Olamilekan Adegbite, gave the background to the resuscitation of the Ajaokuta steel project and noted that the series of event has been long in coming but emphasised that “it is better later than never.”
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