The Ajaokuta Steel Project is to be resuscitated on the basis of a government-to-government agreement with funding from the Afreximbank and the Russian Export Centre.
Chairman Commerce Trade Group of KADCCIMA, Mr Ishaya Idi, stated this in Abuja yesterday while speaking with the News Agency of Nigeria on the constitution of a committee for the revival of the steel company.
The committee, Ajaokuta Presidential Project Implementation Team , is aimed at the diversification agenda of the President Muhammadu Buhari-led administration. “This is a welcome development, this move is laudable and I commend the government for the initiative.
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