Reps seek details of Nigeria-Russia agreement on Ajaokuta Steel Company
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.
Buhari gives marching orders to complete Ajaokuta steel coy
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.
Nigeria to ban importation of steel products
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…
A Lagos polling unit conversation
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…
Mailafia: Planned sale of Ajaokuta Steel complex, manifestation of Nation’s tragedy
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…
‘Ajaokuta Steel project requires $652m to be operational’
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…
‘Why government must use capital market for privatisation’
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.
Legal practitioner wants Ajaokuta Steel revived
Lawyer and social reformer, Natasha Akpoti, has commended the move by Kogi State governor, Yahaya Bello to revive the ailing Ajaokuta Steel Company.
Mines workers task Buhari on Ajaokuta Steel
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.
Strong political will needed to rescue Ajaokuta Steel project, says Esezobor
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.....