WRITTEN BY: CHIOMA MADONNA NDUKWU
The Minister of Steel Development is seeking financial support of N35 billion from various financial institutions to re-start the Ajaokuta Steel Company’s Light Mill Section and kick-start iron rod production.
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This initiative aims to fulfill the administration’s agenda of reviving Ajaokuta, contributing to economic diversification, creating employment opportunities, and boosting industrialization. Collaborations with financial institutions like Stanbic IBTC Bank, United Bank of Africa, and Voda Infrastructure Management Ltd are being pursued to raise funds for the project’s immediate take-off.
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