The Nigerian government says 11 companies have indicated interest to take over Ajaokuta Steel Company on a concession basis.Olamilekan Adegbite,The steel company, located in Kogi State, was built by the Soviets between 1979 and the mid-1990s but has never produced steel as the project was never completed. It was also mismanaged.
“One of the major albatross on Ajaokuta was the concession that occurred under President Olusegun Obasanjo to Messers Global Steel Industries,” Mr Adegbite said on Thursday. “Things went sour and they took us to court. The court case went on for about 12 years, but thanks to a patriotic Nigerian lawyer in the UK who handled the case very effectively.”
“As of today, the process is on. In 2019, I had promised that Ajaokuta Steel would start before we leave office. That is not possible anymore; not because of lack of effort but, especially because of COVID-19. We started the process in October 2019, when we went to Sochi, Russia, to attend a summit with Mr President,”he said.
According to him, the Russians were going to come in March 2020 to start the technical audit for three months.
Give it to the Russians. They are more trusted.
Give it to the Russians. They are more trusted.
Abeg give them so it can work again.
What a disaster!
For the likes of Dangote and co not to put interest in buying this plant means something is wrong somewhere
Mhnnnn.... Another wrong developments if it really happens. The the foreigners will be in control of Nigeria and Nigerians. I pity myself 😭😭🚶
They should do it fast and buy it jareh .
Nigerian Ajaokuta Steel Mill shunned by Nigerians and Closed over yrs is being Rushed for Purchase by 3 Major Russian Steel Companies and 8 other Conclusions makes me Wonder. Like Zambia Copper Mill sold as Scrap, New owner granted leafage and after few Months paid Zambia in Full
Ajaokuta will never produce steel. If it does, it will be the most expensive steel ever produced. The bidders also want to be paid $500M as compensation, at the end of the day.
Nigeria invested heavily on 'Ajaokuta Steel Mill' shut down for yrs and Buhari's Administration claims it's Useless. Same Mill 3 Major Russian Steel Companies and 8 other Groups have Tendered Bids to Purchase, Why are they Rushing to buy our Junk Mill ? Llike Zambia Copper Mill
I wonder 💭 what planet 🌎 Nigeria is because countries on planet earth are really moving with time . Someone told me Nigeria is a planet of its own and it revolves around the earth backwards.
aut- Nigerian Government says that it would extremely hard to revive the Federal Steel Infrastructure known as 'Ajaodkuta Steel Mill' but Three Russian Companies and other Eight Others have Tendered Bids to Purchase the Plant. What did these Foreigners saw we Niger
Only if steel plant can be run on generator.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: thecableng - 🏆 2. / 80 Read more »