‘It will generate $1.6bn annually’ -- Buhari says Ajaokuta steel company ready for concessioning | TheCable

Author:President Muhammadu Buhari says the Ajaokuta steel company is ready to be concessioned to private investors.The projects include: the Reference Hospital, Okene; the newly-built Ohinoyi’s palace, and the Confidence University of Science and Technology, Osara.

Buhari further pointed out that the state is hosting the AKK gas pipeline projects that would be completed next year. “We are in talks with a reputable company in the United States and by God’s grace Ajaokuta will very soon come back to serve the people of Nigeria. “We are proud of him and we urged him to do more for the people and I am appealing to the people of Kogi state to support him so that he can achieve and deliver more dividends of democracy and achieve peace and development of the state.”

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FG revives Ajaokuta steel company with $400m, to create 500,000 jobsPresident Muhammadu Buhari has said that the federal government has committed about $400m to bring back to life the moribund Iron and Steel company, in Ajaokuta, Kogi state. Ajaokuta steel complex is a cesspool of corruption since inception. Billions of $ has been sunk without generating one cent in revenue to Nigeria tax payers. ebook motivation book fitness bookstagram love amazon inspiration kindle photography author lifestyle writer travel reading happy picoftheday life ebooks gym entrepreneur beautiful 🤔 All 500,000 director indirect would be employees of the steel mill must strive to keep it alive. It's quite easy for the average Nigerian to loot any organization to the ground.
Source: Daily Trust - 🏆 13. / 51 Read more »