The Federal Government has taken over the ownership of the Ajaokuta steel plant.....
Also, the government yesterday took a major step in its plan to revitalise the steel sector as it signed a renegotiated concession agreement with Global Steel Holdings Limited for the Nigerian Iron Ore Mining Company (NIOMCO), Itakpe.
With the new agreement, Ajaokuta Steel Complex has now reverted to the Federal Government, effectively freeing the entity from all contractual encumbrances that had left it uncompleted and non-functional for decades, while GSHL retains NIOMCO.
Senior Assistant Media to Minister of Solid Minerals, Yinka Oyebode, who made the disclosure in a press statement, said the new agreement, which came after four years of negotiation, was signed at a short ceremony presided over by the Vice President, Prof Yemi Osinbajo, yesterday at the Villa.
The Nation.
THIS IS GOOD NEWS.
ReplyDeleteFG has done well.
I reserve my comment
ReplyDeleteThank God!!!.
ReplyDeleteClueless bunch of dullardinho.
ReplyDeleteBut why are you this frustrated.
DeleteBut why are you this frustrated.
DeleteWhatever
ReplyDeleteThis will help reduce unemployment and also help develop that side of the country. However, ss laudable as this might be, I am afraid we don't have the infrastructure to make it work.
ReplyDeleteStory for the gods
ReplyDeleteVery well then, good development
ReplyDeleteIf only something good comes out of it.
ReplyDelete#Vikenx
dis is good...hope it will come alive very soon...so it can help reduce d rate of unemployment
ReplyDeleteNoone needs a steel factory anymore
ReplyDeleteThis administration lacks direction...just doing mumbo jumbo.
ReplyDeleteOn a side note I am beginning to dislike Your View bcos of UWA
Akuko!
ReplyDeleteHmmmm....okay o. i pray this helps revive aja-steel
ReplyDeleteAnonymous 10:47 you are obviously a very dull fellow who knows nothing. I wonder why dullards like you speak at all
ReplyDelete