United Labour Congress of Nigeria, ULC, has rejected plans by the Federal Government to privatise Ajaokuta Steel Company, Kogi State, urging it to complete the company for national development. Speaking through its President, Mr. Joe Ajaero, ULC contended that it is opposed to the privatisation of the steel company because of its enormous benefits to […]
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Ajaokuta Steel Company Director-General Sumaila Abdul-Akba has said the over $4.5 billion investment in the company would be recovered as efforts are being made to ensure that the plant becomes fully operational soon. He expressed concern that the steel company had been lying fallow for a very long time, adding that the government is determined […]
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The Federal Government has said it will sell the Ajaokuta Steel Complex to a private sector operator with the capacity to turn around the fortunes of the beleaguered company. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, said this during a visit to the Abuja Steel Mill, according to a statement issued on […]
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