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.
-
Education5 days agoUniversity of Ibadan releases 2026/2027 post-UTME screening results
-
Football5 days agoUnpaid £185m Club World Cup fund sparks fresh FIFA controversy
-
Business7 days agoInformation Minister, VON DG to lead ARCON’s 2026 Advertising Industry Colloquium
-
Aviation6 days agoCanada issues 10 key tips to help immigration applicants avoid processing delays
-
Business1 week agoCooking gas dealers slash prices amid intensifying market competition
-
Business4 days agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Politics1 week agoKenneth Okonkwo questions INEC’s credibility, calls for reforms ahead of 2027 polls
-
Latest6 days agoFubara’s early push for political structure triggered rift – Wike