
FG To Sign MoU On Ajaokuta Steel In January
The Federal Government has promised to sign a Memorandum of Understanding (MoU) by January 2020, with a Russian company for the resuscitation of the multi-billion naira Ajaokuta Steel Rolling Mills, located in Kogi State.
Disclosing this on Monday in Kaduna, the Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, said the Federal Government meant business in bringing back on stream the steel rolling mill which have been down since the late President Shehu Shagari regime in the early 80s.
The Minister spoke during his facility tour of the National Steel Raw Materials Exploration Agency (NRSMEA) in Kaduna State.
The …