November 15, 2024
FG signs MOU with Russian firm to revive Ajaokuta steel plant
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FG signs MOU with Russian firm to revive Ajaokuta steel plant

FG signs MOU with Russian firm to revive Ajaokuta steel plant
FG signs MOU with Russian firm to revive Ajaokuta steel plant

The minister of steel development, Shuaibu Audu, has signed a memorandum of understanding (MoU) with the builders of Ajaokuta steel plant, Messrs Tyazh-prom-export (TPE), for the rehabilitation, completion, and operation of the plant and the National Iron Ore Mining Company (NIOMCO).

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Speaking on the development, Mr. Audu said the deal is a bold step towards creating a sustainable base for the industrialisation of Nigeria’s economy.

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