FEC: FG to rehabilitate Ajaokuta steel company with N853mn ahead of concession process

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The Federal Executive Council (FEC) meeting presided by President Muhammadu Buhari on Wednesday, approved a contract sum of N853 million to effect major

repairs and operation of the Ajaokuta Steel Company and the National Iron Ore Complex, Itakpe, both in Kogi State.

Minister of Information and Culture, Lai Mohammed, who reported on the approval granted by the Council for the Ajaokuta and Itakpe companies, said the contract, worth N853.25 million, is meant to appoint contractors that would run the process of concessionning the companies. “Council approved the engagement of transaction advisors for consultancy services for the concession of Ajaokuta Steel Company Limited and also the National Iron ore mining complex in Itakpe in favour of MSRS CPCS Transform Consortium in the sum of N853,266, 644.4 inclusive of 7.5percent VAT.

“Subsequently, various administrations have tried to revive the Ajaokuta steel complex without much success. However, you will recall that Mr. President was on a state visit to Russia on the 22nd and 24th of October 2019 and here it was resolved that the Ajaokuta steel complex which the Federal Government has made a massive investment must be resuscitated.

 

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What offense did workers of Delta Steel Company, Ovwian-Aladja (DSC) commit to be forgotten? From the little I know, Ajaokuta has never produced anything compared to DSC. I wish there was someone to give these people a class on the importance of DSC to the economy of the nation.

Same old stories !!!

King of lies

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FG approves N853m to concession Ajaokuta steel companyThe Federal Executive Council, on Wednesday in Abuja, approved the engagement of transaction advisors for consultancy services for the concession of Ajaokuta Steel Company Limited. And what's the update about ASUU? 🥺😓 So like play like play FG no wan talk bout this Asuu strike again 🥺Na God I use take follow wuna 😒🚶 them don thief another money be dat........
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