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Nigeria: FG Approves Funds to Restart Ajaokuta, Itakpe Plants
[ThisDay: 2010-03-09]
The Federal Government has approved N650 million for the re-opening of the Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore Mining Company (NIOMCO), Itakpe. Government, however, said it had so far spent a total of $6 billion on the Ajaokuta plant since its inception in 1979.It said the report of an audit ordered on the companies" assets would be ready in the next four to six weeks.The Minister of Mining and Steel Development, Mrs. Diezani. . .
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