The House of Representatives has mandated its relevant committees to get details of the agreement between Nigeria and Russia on the completion of the Ajaokuta Steel Company.

Mr Olamilekan Adegbite, the Minister of Mines and Steel Development says President Muhammadu Buhari has given marching orders to his ministry for the completion of Ajaokuta Steel Company.

Nigerian government has announced plans to ban the importation of steel products into the county to encourage local investors in the sector. “My ultimate aim is that we ban steel importation into the country totally," Nigeria's Mines and Steel Development said. "But before we do that, we must be able to satisfy local consumption from…

Given my preceding accreditation as a Domestic Electoral Observer by the Independent National Electoral Commission’s (INEC), I took an early trip on Saturday 23rd February to a particular polling unit in Lagos, South-west Nigeria, to observe the rescheduled Presidential, senatorial and the House of Representative elections. On that day, at that time, and in that place, I met…

Development Economist, and former Deputy Governor of Central Bank of Nigeria (CBN) in charge of Economic Policy, Dr. Obadiah Mailafia, is opposed to the Federal Government’s plan to privatise the Ajaokuta Steel Company Limited located in Kogi State. Mailafia, a career banker and international development specialist with over 25 years told Assistant Business Editor MATHIAS OKWE…

Genera Manager, Engineering Services of Ajaokuta Steel Company, Babajide Suru, says another $652million would be required to complete the project. Suru also disclosed that about $6billion has already been sunk into the project, which puts it at 95 per cent completion. He disclosed this while briefing Finance Correspondents and Business Editors at the weekend, when…

As the Federal Government steps up plans to offer more of its assets for sale under the ongoing privatisation programme, stakeholders in Nigeria’s capital have renewed the call to ensure that the exercise is done through the capital market.

Lawyer and social reformer, Natasha Akpoti, has commended the move by Kogi State governor, Yahaya Bello to revive the ailing Ajaokuta Steel Company.

The House of Representatives on Monday, advised the Federal Government to drop plans to concession Ajaokuta Steel Company to Global Steel Infrastructure Limited (GSIL).

The Nigeria Union of Mines Workers (NUMW) has called on President Muhammadu Buhari to heed the House of Representatives’ stance on completing Ajaokuta Steel Company Limited (ASCL) before privatisation or concessioning.

What Nigeria needs to fix Ajaokuta Steel Company Limited (ASCL) is strong political will from the Federal Government. It should treat the iron and steel sector as a strategic area of the economy and ensure that a clear vision and viable roadmap is articulated and implemented.....

These are parts of the communiqué reached at end of a three-day maiden meeting of the NCMMRD, which is scheduled for another meeting the first quarter of 2018, and to be hosted by one of the states.