Pandemic Stalling Ajaokuta Steel Revival Efforts - Fed Govt     Although the Senate last month, expressed its readiness to work with the executive arm in reviving the Ajaokuta Steel Company (ASC) project, the Federal Government has said that global travel restriction occasioned by the COVID-19 pandemic,...

Nigeria'll Become West Africa’s Gold-producing Hub, Says FG     Nigeria is on its way to becoming a major gold-producing hub in the West African region, the Federal Government declared on Monday. According to the government, this would diversify the country’s revenue base from crude oil and create...

Fed Govt Signs MoU On Ajaokuta Port     The Federal Government has signed a Memorandum of Understanding with Sealink Promotional Company Limited on the use of Ajaokuta jetty landing port. It said the MoU would enhance government’s bid to develop the economy and diversify the economy. The Federal...

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...

COVID-19 Delaying Ajaokuta Technical Audit - Minister   The Minister of Mines and Steel Development, Olamilekan Adegbite, says a technical audit of the Ajaokuta Steel Plant was delayed due to the coronavirus pandemic. He said the audit which was meant to start in March and end in...

FG Sets Up Panel To Revive Ajaokuta Steel Plant   The Federal Government has inaugurated the Ajaokuta Presidential Project Implementation Team with the aim of diversifying the economy. The Secretary to the Government of the Federation, Boss Mustapha, is the chairman of the team while the Minister...