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Jonathan resuscitates Ajaokuta steel, NIOMCO

By Oscarline Onwuemenyi

ABUJA – The Acting President, Dr. Goodluck Jonathan, may have chosen to breathe new life into the moribund national steel complex of Ajaokuta Steel Company Ltd and the National Iron Ore Mining Company, Itakpe, with the approval for the re-operationalisation of both entities.

Disclosing the Acting President’s decision in a briefing in Abuja, yesterday, the Minister of Mines and Steel Development, Mrs. Diezani Alison-Madueke, said government has made available about N650 million for the resuscitation of completed units of both entities.

According to her, the units include a portion of the Thermal Power Plant, the light section rolling mill and the wire rod mill, the engineering workshops at ASCL, and the Bergeaud Plant, as well as minimal mining operations and processing at the NIOMCO.


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