The Minister of Mines and Steel Development Mr Kayode Fayemi on Tuesday updated President Muhammadu Buhari on state of Ajaokuta Steel Company in Kogi and the Aluminium Smelting Company (ALSCON) in Ikot Abasi.
Nigeria’s only aluminium smelting plant, ALSCON, was shut down in 2014 following crippling protests embarked upon by the company’s staff against poor working conditions, dwindling productivity and spiralling debts.
The management of ALSCON, Russian aluminium giant, United Company RUSAL PLC, dismissed almost all local personnel of its workforce, while the Ajaokuta Steel Company has been moribund for years.
However, Fayemi, who fielded questions from State House correspondents after a closed door meeting with President Buhari at Aso Rock Villa, Abuja, said he briefed the President on the development to ensure these companies were back to…
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