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As the excavators began demolition, leaving owners in anguish, the metal dealers and their employees, mostly young men, have since been leaving the site with truckloads of iron rods and other metals. According to Musa, his employer bought all rights to the “condemned” iron and has loaded about five trailers of iron rods and other metals from the site. In his estimation, his boss’ profit would run into millions of naira.Support PREMIUM TIMES' journalism of integrity and credibility
It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall. Despite an estimated deposit of 3 billion tonnes of iron ore, Nigeria Imported $271.96 million worth of iron and steel in 2023, according to the United Nations COMTRADE database on international trade.While the DSC thrived for a few years, the ASC is said to have never produced a single steel despite the Federal government’s spending of $10 billion on it in more than four decades.