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Ajaokuta Steel To Come On Stream In 24 Months

-Ukrainians, Russians, Chinese want to revive plant -Why subsidy can’t continue —Kachikwu The Federal Government has set in motion strategies to resolve the court action by Global Infrastructure on Ajaokuta Steel Complex to get it operational in the next 24 months. Minister of Solid Minerals, Dr....

Nigeria can generate N5tn annually from Mining-Fayemi

The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector. He also said that the solid minerals sector had the potential to generate a lot of jobs. Fayemi stated this at the...

Reps Probe N49tr Yearly Loss in Mining Sector

Fayemi eyes 10% GDP contribution Why is Nigeria earning a paltry N31.449billion annually from the solid minerals sector when it could actually earn as much as N50 trillion? This is the mystery the House of Representatives is determined to solve as it braces to probe the...

‘$4.5b Ajaokuta Steel Mill ‘ll be completed this year’

Nigeria is aiming to hand over the $4.5 billion Ajaokuta steel complex to private operators this year as part of a plan to kick start its industrial and mining industries, Minister of Solid Minerals Development Dr Kayode Fayemi has said. Construction of Ajaokuta, which lies...