FG engages original contractors, TPE to resuscitate Ajaokuta Steel company.

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The Federal Government, Friday, disclosed engaging original contractors, Tyamzhpromexport, TPE, to resuscitate Ajaokuta Steel Company Limited, ASCL.
This was made known by the Minister of Steel Development, Prince Shuaibu Abubakar, in a statement signed by the Head, Press and Public Relations Department, Salamotu Jibaniya.

According to the statement, the Minister, who met with the consortium comprising a team from Russia’s TPE/Rostec, Novostal, and Nigeria’s Proforce in his office at the Ministry’s headquarters in Abuja.

He urged them to put together a blueprint for the revival of the Steel Plant within the shortest possible time in accordance with President Bola Tinubu’s ‘Renewed Hope Agenda’, which is keen on ensuring the production of steel in the country and industrialising Nigeria through the Steel Sector before the end of his first  tenure  in office .

Meanwhile, he (Audu) said following the meeting, he intends to visit Moscow on a formal invitation from TPE and other consortium partners to engage in further discussions to secure funding to the tune of about  $2 billion, which is required for the revival of the entire steel plant.



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