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Russian Government To Revive Ajaokuta Steel Company

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The Federal Government says it is partnering the Russian government to revive AjaokutaSteel Company.

Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy in Abuja.

He said the main feature of President Muhammadu Buhari’s visit to Russia next week is to discuss the reviving of the steel company.

He added that, the Russians have shown interest to help Nigeria revive Ajaokuta with their own money.

Adegbite said Ajaokuta Company was never vandalised contrary to reports but  it was concessioned to a particular firm.

He also explained that the invasion of the mining industry by foreign nationals encouraged by some state governments.

The Chairman of the committee Senator Tanko Almakura said that, efforts must be made structurally and legally to encourage states and local governments not to participate in illegal mining activities.

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