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Ajaokuta Steel Costs Nigeria over ₦1bn Yearly in Salaries, Pensions – DG — Akelicious

Summary by akelicious.net
The Director-General of the National Metallurgical Development Centre, Prof. Linus Asuquo, has said the non-functional Ajaokuta Steel Company Limited is costing the country more than N1 billion annually in pensions, salaries, taxes, and administrative costs. He stated this in his presentation at a panel discussion at the maiden edition of the National Steel Summit on Thursday in Abuja. The discussion was titled “Dissecting the Current Policy Fra…
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akelicious.net broke the news in on Thursday, August 14, 2025.
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