Minister of Mines and Steel Development, Olamilekan Adegbite, says Ajaokuta Steel Company Ltd. will function to capacity before the regime of Major General Muhammadu Buhari (retd.) comes to an end.
He said that the federal government had made effort to ensure that the Russian company that built the steel industry would come to Nigeria to conduct technical audit of the company.
He said that the Russian team would have been in Nigeria since 2020 for the technical audit but COVID-19 pandemic distorted the plan. NAN recalls that the minister had earlier said that a 60-man team from Russia would arrive in Nigeria to start technical audit of Ajaokuta steel. The agreement on how to revive the steel company was reached during a meeting between Buhari and President Vladimir Putin in Russia in 2019.
The Russian government had nominated TPE, the original builder of Ajaokuta Steel Company, to conduct technical audit of the steel company to ascertain the level of work remaining to be completed on the steel company.
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