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Senate queries Ajaokuta Steel Company on N4.2bn personnel cost

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Ajaokuta Steel Company Notizia

Senate

The Senate on Tuesday frowned at the N4.2 billion appropriated in the 2024 budget as personnel costs for an unverifiable number of workers at the Ajaokuta Steel Company Limited.

Allegation of unverifiability of workers at the non-functional steel company came to the fore during an investigative hearing on alleged incidences of corruption and inefficiency in Ajaokuta Steel Company Limited and National Iron Ore Mining Company from 2002 to date, by an ad hoc committee of the Senate.

2 billion? 'Statistically, if N300,000 is paid monthly to 14, 000 people per month for a year, you get N4.2 billion or N500,000 to 8,400 workers per month in a year. Where are the 14, 000 or 8,400 workers in Ajaokuta, the appropriated N4.2 billion is being spent on ?' But in an embarrassment-saving move, the Minority Whip of the Senate, who is also a member of the committee, Senator Osita Ngwu , prevented the sole administrator from responding to Natasha's poser.

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