FG seeks N35bn to revive Ajaokuta steel company

The Minister of Steel Development, Shuaibu Audu, has requested N35bn funding from financial institutions to revive the moribund Ajaokuta Steel Company. Audu said the collaboration with financial institutions was to seek the best financing options to re-start the light Steel Mill in Ajaokuta and kick-start iron rod production. The ministry’s Chief Information Officer, Tine-Iulun Maureen,

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