FG To Spend $1.45bn On Ajaokuta Steel, Iron Ore Coy     The Minister of Mines and Steel Development, Olamilekan Adegbite, on Monday, hinted that the resuscitation of the Ajaokuta Steel Company and the National Iron Ore Mining Company (NIOMCO) projects will gulp about $1.45 billion (about...

The Legislative Impetus for Ajaokuta Steel Revival By Abdullahi O Haruna Haruspice     Over the years, successive governments had made efforts to resuscitate one of the biggest steel companies in Africa, but a reality check would reveal that such efforts have never yielded any tangible results as...

Russians To Return For Ajaokuta Steel Completion   The Minister of Mines and Steel Development, Olamelakan Adegbite, has said the Federal Government is logically processing the return of the Russians for the completion, rehabilitation, and operation of the Ajaokuta Steel Plant, in Kogi state. Speaking yesterday at...

NSIA Interested In Reviving Ajaokuta Steel, Others   The Nigeria Sovereign Investment Authority says it is interested in reviving the Ajaokuta Steel Company. Apart from the Ajaokuta Steel Company, the agency is also interested in reviving other moribund assets to enable the country to reap the benefits...

Ajaokuta Needs Rail Line, Seaport To Thrive, Says Russia   A rail line and a functional sea port would be needed for Ajaokuta Steel Complex to thrive whenever it starts production, an on-the-spot assessment of the steel mill has shown. The on-the-spot assessment, which involved a facility...

Russian Firm In New Bid To Restore Ajaokuta Steel   A Russian Company, MetProm Group, has made a fresh offer to the Federal Government to finally put the Ajaokuta Steel Complex into operation. The company also indicated interest in maintaining the steel mill when fully operational. Our correspondent...