Nigeria will become steel powerhouse by 2030 – Tinubu
President Bola Tinubu has announced that Nigeria aims to become a major steel producer by 2030, with a goal of producing 10 million tonnes of liquid steel each year. Speaking in Abuja on August 13 at the first steel sector stakeholders’ summit, Tinubu, through Vice-President Kashim Shettima, emphasized that his government is determined to make […]
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 […]