Nigeria imports N1tn steel despite N7.2bn Ajaokuta spend

Nigeria imports N1tn steel despite N7.2bn Ajaokuta spend

The Federal Government spent about N7.21bn running Ajaokuta Steel Company Limited between 2020 and 2025, even as the nearly 50-year-old complex in Kogi State remained largely dormant. The expenditure spanned 501 transactions and covered taxes and other statutory obligations, pension and housing-fund contributions, maintenance, road works, and other infrastructure-related payments, according to spending records obtained Read More: https://punchng…