The Federal Government says it is partnering the Russian government to revive Ajaokuta Steel Company.

Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy in Abuja on Friday.

He further said that the main feature of President Muhammadu Buhari’s visit to Russia next week is to discuss the reviving of the steel company.

According to the minister, the Russians have shown interest to help Nigeria revive Ajaokuta with their own money.

“They want to put Ajaokuta back and we are looking at different methods to engage them.
“Because it is almost completed, they bring in some money to finish what is there and operate it for a while; realise their investment, profit and transfer it back to Nigeria.

“I think this is the best path to revive Ajaokuta and I believe within the tenure of our time, we will achieve this,” Adegbite said.

The minister said that Ajaokuta Company was never vandalised contrary to reports but it was concessioned to a particular firm.

Adegbite, however, noted that invasion of the mining industry by foreign nationals was being encouraged by some state governments.
“A lot of effort is going on to check illegal mining in the country,” he said

https://www.dailytrust.com.ng/fg-russian-government-to-partner-in-reviving-ajaokuta-coy-minister.html?

if the government shows commitment Russia will be willing to deliver, my fear is America will find a way to make sure it did not work

If we ever get it to work then we would be engaging thousands of youth and professionals to next level

Government should look for investors to buy it off

All advanced country don’t own companies anymore

Nigeria can retain 20 to 25 percent share

Otherwise it’s futa jalo

Guess the APC lied in the early days of this govt that Ajaokuta has roared back to life? So what happened again? Another corruption loading.
https://brandspurng.com/ajaokuta-roars-to-life-after-40-years-video/


This structure just like NNPC has been a cesspool of unimaginable corruption by successive governments.Well, lies have a beginning & end.Your sin will always find you out.

Buhari, you toooo much jare, Baba too sure, Tormentor of Wailers and Conqueror of the Flat Heads..... Time will tell, your great work will never be forgotten....God bless Muhammadu Buhari, oko Aisha....Amen

Nice move but it's just Audio Partnering

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wow
another medium of embezzlement
they want to do half way job so that they can loot
crazy people!

They should succeed then come and tell us

[s]

sarrki:
Government should look for investors to buy it off.All advanced country don’t own companies anymore.Nigeria can retain 20 to 25 percent share.Otherwise it’s futa jalo

[/s]
After your failed propaganda that Ajaokuta Steel Company roared back to life here on NL?

If this ajaokuta works upto it's capacity, Nigeria will never remain the same. Even it will affect the electricity positively, but the truth is, will it work ?
If it works, it's just like Nigeria gained it's independence.

Every project the government brings up,is another avenue for some set of miscreants to embezzle the nation's wealth

That's good, I think.

But I just wonder if we in Africa can ever do anything by ourselves without involving the whites.

Chinese, Germans, Americans, Russians, Britons, etc.

What's wrong with us? Are we truly monkeys?

Better

indians ang lebanes don do dier own run now na russia dey d redar nw,it is well

Ok

Russia again? Weren't they behind the failed concession the last time, a deal in which we lost tens of millions of dollars.

This is stupid IMO.

Good news!

Russians built it and they are the best to rehabilitate it

Audio partnership

They have been talking about this Ajaokuta steel since last year yet we haven't seen any work in progress pictures. Audio promises. I think, it will be better for them to start a project first and show us pictures. Let's be seeing pictures. Pictures of work in progress! Ajaokuta steel! We need you to come back to life!


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Another money embezzling Avenue

Shame !after how many years ? Even Buhari !

PropertyBase:
Good one, but Russia

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they were 5he ones that built it..most of the steel plants in Asia are built by russians

ManirBK:
The Federal Government says it is partnering the Russian government to revive Ajaokuta Steel Company.
Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy in Abuja on Friday.

He further said that the main feature of President Muhammadu Buhari’s visit to Russia next week is to discuss the reviving of the steel company.

According to the minister, the Russians have shown interest to help Nigeria revive Ajaokuta with their own money.
“They want to put Ajaokuta back and we are looking at different methods to engage them.
“Because it is almost completed, they bring in some money to finish what is there and operate it for a while; realise their investment, profit and transfer it back to Nigeria.
“I think this is the best path to revive Ajaokuta and I believe within the tenure of our time, we will achieve this,” Adegbite said.
The minister said that Ajaokuta Company was never vandalised contrary to reports but it was concessioned to a particular firm.
Adegbite, however, noted that invasion of the mining industry by foreign nationals was being encouraged by some state governments.
“A lot of effort is going on to check illegal mining in the country,” he said

https://www.dailytrust.com.ng/fg-russian-government-to-partner-in-reviving-ajaokuta-coy-minister.html?

Same lie every 2 yrs

Another scam by the FG

I have been hearing this since I was small

Any serious Nigerian president should focus on Ajaokuta Steel and revive it. It will do us greater good.

Forget all the noise about the cost of production being greater than the value in market. The politicians said the same thing on NAFCON.

You all can now see how NAFCON (NOTORE CHEMICALS) is performing.