Connect with us

Nigeria In One Minute

Legislators in fresh push for Ajaokuta Steel completion

Published

on

Federal legislators are in a fresh push to ensure the completion of the multi-billion dollar Ajaokuta Steel Complex, ASC, as a public company.

Sources at the National Assembly, NASS, disclosed that high-level consultations are ongoing between members of the House of Representatives and senators, as well as between principal officers of NASS and some influential members of President Muhammadu Buhari’s cabinet to reach an amicable resolution on the firm.

The Federal Government has invested over $5.1 billion in the ASC in the last 30 years. The complex now requires only about $1 billion to be completed and put into operation.

Last Wednesday, the House of Representatives passed a Bill asking the Federal Government to spend $1 billion from the Excess Crude Account to complete ASC.

Vanguard, April 3, 2018

 

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now