301 Reps kick Against Ajaokuta’s Privatisation     A Bill for an Act to amend the Public Enterprise (Privatisation and Commercialisation) Act to review the list of enterprises to be privatised passed second reading at the House of Representatives. The bill which was sponsored by Rep. Nkem Abonta...

The Federal Government is strategising on Ajaokuta Steel Company in Kogi and the Aluminium Smelting Company (ALSCON) in Ikot Abasi as The Minister of Mines and Steel Development Mr Kayode Fayemi visited President Muhammadu Buhari. Nigeria’s only aluminium smelting plant, ALSCON, was  shut down in 2014...

The federal government has allocated over N4 billion for the resuscitation of the Ajaokuta Steel Company. The allocation is contained in the 2017 appropriation budget which was presented to the National Assembly in December by President Muhammadu Buhari. According to the breakdown, a total sum...

The neglect and lack of political will to resuscitate the abandoned Ajaokuta Steel Company Limited (ASCL) and other inland rolling mills in the country has cost the nation a whopping N589.41 billion in iron and steel imports within the eighteen (18) months of the...