August 20, 2018

House joins bid to raise $500m for Ajaokuta Steel (Nation)

House joins bid to raise $500m for Ajaokuta Steel (Nation)

The House of Representatives will join the battle to raise $500million needed to complete the last phase of the Ajaokuta Steel project, Speaker Yakubu Dogara said yesterday.

He said except the political will is lacking, getting the funds to complete the company should not be an issue, given the importance of the firm to the country’s development.

Dogara spoke in Kogi State when he led a delegation of lawmakers to the state, which hosts the long-neglected steel firm.

Dogara said the lawmakers would not support any move to privatize the company because doing so would be tantamount to “concessioning Nigeria’s future” Read more

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