FG revives Ajaokuta steel company with $400m, to create 500,000 jobs

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President 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.

President Muhammadu Buhari has said that the federal government has committed about $400m to bring back to life the moribund Iron and Steel company, in…

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🤔 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.

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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.

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