Energy
FG to auction Ajaokuta Steel Company
The Federal Government will auction the Ajaokuta Steel Company, Kayode Fayemi, minister of Mines and Steel Development, has disclosed said during a facility tour of the mill.
Fayemi explained that the FG would seek for the mill foreign investments that will be transparent and through a competitive bidding.
Olayinka Oyebode, special assistant to Minister of Mines and Steel Development, said the Ajaokuta steel company would boost the economy when operational.
More so, Fayemi urged local steel manufacturers to discourage the use of expatriates by training and empowering young graduates.
“It is important that you come up with training schemes for young graduates and artisans.
As you train more of these young indigenous engineers and artisans and absorb them, you will also gradually reduce the number of your expatriates, and this will help us as a country and also help your business,” he said.
-
Sports2 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest5 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Latest1 week agoPastor Chris to lead special family prayers as Healing Streams grand finale holds today
-
News7 days agoRugby: Borthwick Faces Key Selection Questions as World Cup Looms
-
Football3 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Crime6 days agoPassengers feared abducted on Kebbi-Abuja journey as viral video shows armed men threatening captives (VIDEO)
-
Featured1 week agoKaduna APC rally sparks row over turnout, alleged rented crowd and AI disinformation
-
Featured4 days agoHow court ruling reshapes APC’s Imo West Senatorial contest