Business

FG to raise N35 billion through local financing to kickstart Ajaokuta Steel Plant 

The Federal Government aims to generate approximately N35 billion for the Ajaokuta Light Steel mill by tapping into the local financial market.  


The Minister of Steel Development, Mr. Shuaibu Audu, shared this information with State House Correspondents following a meeting with President Bola Tinubu on Thursday in Abuja. 


He elaborated that the mill’s focus would be on producing iron rods for the administration’s road construction initiative, with the primary objective of generating thousands of jobs in the country.