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…
We haven't written up this one. Punch Nigeria has the full story — the link below goes straight to it.
