The federal government says it has approved N853.25 million to engage consultants for the concession of the Ajaokuta Steel Company and national iron ore complex, Itakpe, Kogi state.
The minister said the approval followed a memo presented by Olamilekan Adegbite, minister of mines and steel devolvement.“Council approved the engagement of transaction advisors for consultancy services for the concession of Ajaokuta Steel Company Limited and also the National Iron Ore Mining Complex in Itakpe in favour of Messrs CPCS Transform Consortium in the sum of N853,266,644.4 inclusive of 7.5 per cent VAT,” he said.
“Subsequently, various administrations have tried to revive the Ajaokuta Steel Company without much success. However, you will recall that Mr President was on a state visit to Russia on October 22 and 24, 2019, and here it was resolved that the Ajaokuta Steel Company, which the federal government has made a massive investment, must be resuscitated.”Mohammed added that when the plants are fully revived, Nigeria will have the benefit to save more money, and enjoy technology transfer among others.
Again..for consultancy? We have enough Academia and experts that can do this at much lesser cost. Why don't we ever learn? Well, I guess it is a scam to get out money. We are owing many 'consultants' for diverse projects.....letsvstop this nonsense!!!
Plant that’s been moribund since 1976?
Inspiring
Another scam fully loaded 😂
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