Nigeria’s annual importation of steel into the country, gulps $8 billion, bringing into focus the urgent need to revamp the Ajaokuta Steel Company, Shuaib Abubakar, Minister of Steel Development, has said. Abubakar disclosed this Thursday in Abuja, at an interactive session with the House of Representatives Committee on Steel Development. The minister said the revival of Ajaokuta steel would cost money, adding that a 10-year document for its revival had been written, to be presented to President Bola Ahmed Tinubu. He said the Federal Government paid $500 million to terminate…
Share This