Ajaokuta Steel
The Federal Government says President Muhammadu Buhari administration will no longer complete the Ajaokuta steel plant in 2022, as earlier promised.
The COVID-19 pandemic and the Russia-Ukraine war were blamed for frustrating the project on several fronts.
Olamilekan Adegbite, minister of mines and steel development, disclosed this on Thursday while addressing state house correspondents in Abuja.
He said the FG had, before the pandemic, successfully convinced Russia to complete the steel facility but could not proceed with the negotiations due to what he called “force-majeure brought about by the COVID-19 pandemic”.
The deal with Russia involved a $2 million fee for technical audit required to ascertain the state of the facility before work would begin.
EFCC Opens Mambilla Probe as Atiku, Malami, Others Named in ICC Arbitration Award The Economic…
Aproko Doctor Warns Nigerians Against Rinsing Mouth With Untreated Borehole Water Nigerian doctor and health…
JAMB Sacks Staff Over Candidate Extortion, Warns Against Abuse of Office The Joint Admissions and…
Kidnapped Female Police Officer Found Dead in Ebonyi as Suspect Leads Police to Remains A…
CNN, MS NOW, Politico Sue Trump Over White House Access Ban CNN, MS NOW and…
Jetour T1 Set to debut in Abuja as Expansion Gains Momentum Following a successful debut…