Says $1.45bn available for funding
By Gabriel Ewepu – Abuja
The Minister of Mines and Steel Development, Arc Olamelekan Adegbite, Monday, disclosed that the Russian Government has nominated the contractor to commence technical audit on comatose Ajaokuta Steel Company.
Adegbite made this known at a press conference held at the Ministry’s headquarters in Abuja, where he said the Buhari-led administration has strategically positioned the pattern to ensure Ajaokuta Steel Company is resuscitated and made operational to change the narrative in the steel industry and industrialization of the economy under the build, use, operate and transfer policy, which President Muhammadu Buhari and his Russian counterpart, President Vladimir Putin had a bilateral agreement on government-to-government cooperation to resuscitate Ajaokuta.
He said: “Essentially the project on the collaboration with Ajaokuta is the building use, operate transfer, the President of the country, President…
Source: Vanguard Newspaper
