Last week, President Bola Tinubu renewed the Nigerian government’s perennial, often fruitless interest in the notorious Ajaokuta Steel Project. He talked about investment prospects that may never come — as usual. The steel plant, built on 24,000 hectares of land in Ajaokuta, Kogi State, was started by the Soviet Union in 1979 under a cooperation … Read more
The Federal Government has paid S496m in final settlement of Ajaokuta contractual dispute EKO HOT BLOG reports that the Federal Government and a foreign investor, Global Steel Group, have resolved their long-running legal dispute over the Ajaokuta Steel Mill and associated businesses, according to Attorney General of the Federation (AGF) and Justice Minister Abubakar Malami. … Read more
Gunmen Attack Ceramic Plant In Kogi, Kill Indian, Others EKO HOT BLOG reports that at least five persons died after gunmen attacked Royal West Africa Ceramics Company in Ajaokuta on Friday. The police in a statement said the attack took place at about 8pm. EDITOR’S PICK JUST IN: Lekki Residents Charges LASG … Read more
The Nigeria Railway Corporation has suspended the Lagos-Kano and Ajaokuta train services due to fear of terrorist attacks. EKO HOT BLOG reports that multiple sources in the Ministry of Transportation and the NRC confirmed that the train services would not resume until the security along the Lagos-Kano route and the Ajaokuta train station was … Read more
In 2020, the Minister had said the Ajaokuta Steel Mill was 90 percent complete and may be functional by early 2023 The development of the steel mill was started in the 1970s but has evaded completion several decades after EKO HOT BLOG reports that the Minister of Mines and Steel Development, Olamilekan Adegbite on Thursday … Read more
The Management of Ajaokuta Steel Company has shut down the Ajaokuta Hospital for decontamination after reporting its index case of COVID-19. This was contained in a statement issued and posted on the hospital’s notice board on Friday and signed by the hospital’s Deputy General Manager, D.Y. Salisu. “You may be aware that a case of … Read more