FG To Sign MoU With Russian Firm On Ajaokuta - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
December 9, 2019
TheFederal Government will sign the Memorandum of Understanding with a Russianfirm for the resuscitation of the multi-billion naira Ajaokuta Steel RollingMill in January.
TheMinister of Mines and Steel, Olamilekan Adegbite, who said this today, said theFederal Government meant business in bringing back on stream, the steel rollingmill which had been down since the late President Shehu Shagari administration.
Theminister spoke during a facility tour of the National Steel Raw MaterialExploration Agency today in Kaduna State.
Adegbitenoted while addressing the management staff of the agency, that once theRussian contractors to handle the resuscitation of the mill are identified, theMoU would be signed and work would commence.
Accordingto him, funds for the resuscitation of the steel mill is already in place,adding also that a committee has been inaugurated to kickstart the project.
Hethen directed the Director-General of the National Steel Raw Material Agency,Umar Hassan, to nominate two persons to be part of the committee, saying thatthe agency was critical to the Ajaokuta project.