Ajaokuta Steel Will Bounce Back Soon – Rep
A member of the House of Representatives has assured Nigerians that the long-abandoned Ajaokuta Steel Company will soon return to full operations. He explained that the federal government is already making moves to revive the project, which has the potential to create jobs, boost industrialization, and reduce Nigeria’s dependence on imported steel. The lawmaker noted […]
Moribund Ajaokuta Steel Workers Allocated ₦6 Billion for 2025 Salaries
In the 2025 federal budget, the Nigerian government has allocated ₦6.21 billion to cover the salaries of workers at the Ajaokuta Steel Company. This is a significant increase from the ₦4.29 billion earmarked in 2024, marking a 45% rise despite the steel plant’s long-standing inactivity. The plant has not produced any steel since its creation […]