2026 Budget: Ajaokuta Steel gets highest allocation of N6.5bn in steel sector despite inactivity
More than four decades after its abandonment, the Ajaokuta Steel Company Limited, ASCL, remains Nigeria’s most heavily funded yet unproductive industrial project, continuing to attract huge budgetary allocations without contributing to the nation’s Gross Domestic Product, GDP.
Unions want Buhari sign Ajaokuta Steel Company Completion Fund Bill
The two unions in the iron and steel industry have said that completion and functioning of the Ajaokuta Steel Company Ltd. will reduce unemployment and improve the economy.
Senate passes amnesty bill
ABUJA—THE Senate, yesterday passed a bill to provide a legal and institutional framework for the implementation and management of the Presidential Amnesty Programme in the country.
Senator says Ajaokuta Steel Company will not be sold
Sen. Ahmed Ogembe (PDP/Kogi Central), has expressed optimism that the Ajaokuta Steel Complex (ASC), would not be sold, and enjoined his constituents to ignore rumours to that effect.
Ajaokuta Steel Coy: Complete it before concession, Sole Administrator tells FG
The Sole Administrator of Ajaokuta Steel Company Ltd., Mr Sumaila Abdul-Akaba, has urged the Federal Government to complete the construction and equipping of the company before putting it up for re-concession.
Mining expert urges FG to restart Ajaokuta Steel
A mining expert, Oyewole Oworu, has urged the Federal Government to restart Ajaokuta Steel Company without further delay.
In an interview with Sweetcrude, Oworu stated this would reverse the poor fortunes of the company.
