The Federal Government, Friday, disclosed engaging original contractors, Tyamzhpromexport, TPE, to resuscitate Ajaokuta Steel Company Limited, ASCL.
This was made known by the Minister of Steel Development, Prince Shuaibu Abubakar, in a statement signed by the Head, Press and Public Relations Department, Salamotu Jibaniya.
He urged them to put together a blueprint for the revival of the Steel Plant within the shortest possible time in accordance with President Bola Tinubu’s ‘Renewed Hope Agenda’, which is keen on ensuring the production of steel in the country and industrialising Nigeria through the Steel Sector before the end of his first term in office.
The Minister appreciated the Embassy of the Russian Federation in Nigeria for facilitating the meeting with the TPE Consortium, which, if gotten right, will be a monumental success in driving Nigeria’s economy through industrialisation. According to the statement, Egorov and his team of technical experts, who had earlier gone on a tour of the Steel Complex a few days earlier, noted that the plant was still in a state of possible resuscitation, indicating their interest in putting together a business case for the government.
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