ajeokuta steel company nigeria

Ajaokuta Steel Company is Nigeria's leading steel company. Guided by a philosophy to produce safe, sustainable steel, it is the leading supplier of quality steel products in all the major economic sectors including construction, packaging and wire drawing/nail making industry. Ajaokuta Steel Company is Nigeria`s leading steel company. Guided by a philosophy to produce safe, sustainable steel, it is the leading supplier of quality steel products in all the major economic sectors including construction, packaging and wire drawing/nail

ajeokuta steel company nigeria

Ajaokuta: How Nigeria's largest industrial project failed Dec 27, 2017 The Ajaokuta Steel Company in Kogi State of Nigeria was envisaged to serve as the bedrock of Nigeria's industrialisation. The idea of having a steel industry was conceived in 1958 by the federal

By Modupe Gbadeyanka The sum of N4.3 billion has been set aside by the Federal Government to bring back to life the Ajaokuta Steel Company. The allocation is contained in the 2017 appropriation budget which was presented to the National Assembly in

The steel company when revived is expected to move Nigeria away from depending solely on oil, a situation that has continued to leave it at the mercy of the highly volatile international oil price. While the team will be chaired by the Secretary to the Government of the Federation (SGF), Boss Mustapha, Minister of Mines Steel Development, Mr. Olamilekan Adegbite, is to serve as the alternate

Ajaokuta Steel Company Limited (ASCL) popularly known as Ajaokuta Steel Mill is a steel mill in Nigeria, located in Ajaokuta, Kogi State, Nigeria. Built on a 24,000 hectares (59,000 acres) site starting in 1979, it is the largest steel mill in Nigeria, and the coke oven and byproducts plant are larger than all the refineries in Nigeria combined.

2018/10/15But Emefiele's disclosure on Ajaokuta Steel Company elicited mixed reactions. According to Prof. Ken Ife, a macroeconomic policy analyst, "The decision to privatise it is a wise one because the complex remains one of the white elephant projects we have in Nigeria.


Ajeokuta Steel Company Kogi Nigeria

Ajaokuta Steel Company Limited (ASCL) popularly known as Ajaokuta Steel Mill is a steel mill in Nigeria, located in Ajaokuta, Kogi State, Nigeria. Built on a 24,000 hectares (59,000 acres) site starting in 1979, it is the largest steel mill in Nigeria, and the coke oven and byproducts plant are larger than all the refineries in Nigeria combined.

2016/9/14At the hearings, the administrator of Ajaokuta Steel Company Limited, Isah Onobere, refuted claims that equipment installed in the plant was already obsolete. He also revealed that Ajaokuta Steel Company was currently completing proposals on how the plant could supply steel to Chinese companies contracted to develop the new railway projects in the country.

Ajaokuta Steel Company Limited (ASCL) popularly known as Ajaokuta Steel Mill is Nigeria's largest steel plant located in Ajaokuta, Kogi State, Nigeria. A report the other day that the Federal Government was ready to offer the Ajaokuta Steel Mill for sale to finance budget is curiously casual and.

News Agency of Nigeria (NAN) reports that NIOMCO's mandate to provide basic raw materials for iron and steel production makes it strategic to the country. The company is expected to supply Ajaokuta Steel Company with 2.15 million tonnes of iron ore

COVID-19 pandemic has hit the Ajaokuta Steel Company as the company records her first case of the Coronavirus disease. In order to contain the community spread of the virus within the staff, workers and visitors of the steel company, there Calls for immediate closure of the health center. Aisha Buhari flown to Dubai for medical []

Hope rises for the revival of the moribund Ajaokuta Steel Company as federal government yesterday inaugurated the Ajaokuta Presidential Project and Implementation Team, APPIT in an attempt bring the gigantic project back to life. It would be recalled that Nigeria and Russia had agreed to revive the project with Afreximbank pumping in $1 billion, []

In his comments, Gov. Yahaya Bello, commended Speaker Dogara for partnering with President Buhari to ensure that the idle lying Ajaokuta Steel Company is revived and put into use again. He assured him that this visit is going to be worth the while, and agreed with his earlier position that funds should not be the reason why the company will not be completed, if the political will is present.

Ajaokuta steel company has the greatest potentials to change the narratives of the Nigerian economy as well as place Nigeria among the most industrialized nations in Africa and the World at large. Sadly, this gold mine has been a shadow of itself for more than three decades, making the country to be hundred percent dependent on imported steel to meet its local demands.

INVESTIGATION: The real reasons Itakpe and Ajaokuta

In nine years, N23 trillion worth of steel products were imported into Nigeria, according to Isah Onobere, a former Sole Administrator of Ajaokuta Steel Plant. Pandih, an Indian who worked in the iron ore mining company that has been in limbo all these nine years after a concession agreement went awry, is bemused by the level of damage and wastage at the plant.

In his comments, Gov. Yahaya Bello, commended Speaker Dogara for partnering with President Buhari to ensure that the idle lying Ajaokuta Steel Company is revived and put into use again. He assured him that this visit is going to be worth the while, and agreed with his earlier position that funds should not be the reason why the company will not be completed, if the political will is present.

Ajaokuta is an integrated steel company, it was designed by the Russian to be self-sufficient to get all its inputs from Nigeria and make steel. Ajaokuta strength is also its weakness, Ajaokuta can only work with all inputs available.

Nigeria's rich deposit of iron ore, mostly in Kogi where the steel company is located, makes steel a viable target for government's revenue campaign can develop other industries. If operational, the steel plant could provide nearly a million jobs for unemployed Nigerians.

Ajaokuta Steel Company Limited (ASCL) popularly known as Ajaokuta Steel Mill is Nigeria's largest steel plant located in Ajaokuta, Kogi State, Nigeria. A report the other day that the Federal Government was ready to offer the Ajaokuta Steel Mill for sale to finance budget is curiously casual and.

Nigeria's rich deposit of iron ore, mostly in Kogi where the steel company is located, makes steel a viable target for government's revenue campaign can develop other industries. If operational, the steel plant could provide nearly a million jobs for unemployed Nigerians.

2016/8/2"Everybody in Nigeria talks about what we can do with steel. It is such an important requirement and we spend so much on it. But I think that this is possibly the first concrete step towards ensuring that all of our complaints are dealt with and that we are able to at least say that in not too long time from now, we will be able to at least produce our own steel," he said.

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