Stella Dimoko Korkus.com: Federal Government Reportedly Takes Over Ajaokuta Steel

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Tuesday, 2 August 2016

Federal Government Reportedly Takes Over Ajaokuta Steel

The Federal Government  has taken over the ownership of the Ajaokuta steel plant.....





Also, the government yesterday took a major step in its plan to revitalise the steel sector as it signed a renegotiated concession agreement with Global Steel Holdings Limited for the Nigerian Iron Ore Mining Company (NIOMCO), Itakpe.


With the new agreement, Ajaokuta Steel Complex has now reverted to the Federal Government, effectively freeing the entity from all contractual encumbrances that had left it uncompleted and non-functional for decades, while GSHL retains NIOMCO.



Senior Assistant Media to Minister of Solid Minerals,  Yinka Oyebode, who  made the disclosure in a press statement, said  the new agreement, which came after four years of negotiation, was signed at a short ceremony presided over by the Vice President, Prof Yemi Osinbajo, yesterday at the Villa.

The Nation.





17 comments:

Princess Charming... The only crown princess on this blog since 2010. said...

THIS IS GOOD NEWS.

FG has done well.

Tuscany said...

I reserve my comment

BA said...

Thank God!!!.

Ihekire Tony said...

Clueless bunch of dullardinho.

Tayan Taylor said...

Whatever

Stranger said...

This will help reduce unemployment and also help develop that side of the country. However, ss laudable as this might be, I am afraid we don't have the infrastructure to make it work.

James said...

Story for the gods

Miss Ess said...

Very well then, good development

Sweet Lolly said...

If only something good comes out of it.






#Vikenx

Mother Confessor The real deal on sdk. said...

But why are you this frustrated.

Mother Confessor The real deal on sdk. said...

But why are you this frustrated.

iam Owen said...

dis is good...hope it will come alive very soon...so it can help reduce d rate of unemployment

Anonymous said...

Noone needs a steel factory anymore

Smallz said...

This administration lacks direction...just doing mumbo jumbo.
On a side note I am beginning to dislike Your View bcos of UWA

nzube izuu said...

Akuko!

Anonymous said...

Hmmmm....okay o. i pray this helps revive aja-steel

Anonymous said...

Anonymous 10:47 you are obviously a very dull fellow who knows nothing. I wonder why dullards like you speak at all

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