By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

COVID-19, Russia – Ukraine war stalled Ajaokuta Steel Project…FG

Last updated: March 31, 2022 3:47 pm
3 years ago
Share
3 Min Read
Olamilekan Adegbite

The Nigerian Government says it can no longer deliver its promise to complete the Ajaokuta steel rolling mill in 2022, as earlier promised.

This is coming after blaming the Covid-19 pandemic and the Russia-Ukraine war for frustrating the project on several fronts.

Also Read: Gov. Umahi campaigns for resuscitation of Ajaokuta Steel Project

Minister of Mines and Steel Development, Olamilekan Adegbite, said this on Thursday while addressing State House Correspondents during the Special Weekly Briefing co-ordinated by the Presidential Communications Team at the Presidential Villa, Abuja.

Untitled design 2 12

According to him, the federal government had, before the pandemic, successfully convinced Russia to complete the steel facility but could not proceed with the negotiations due to force-majeure.

The negotiations involved a $2m fee for technical audit required to ascertain the state of the facility before work begins.

Adegbite further explained that the government moved to continue the earlier negotiations with Russia following the lockdown, but progress was stalled again due to the conflict between Russia and Ukraine.

He, however, noted that the federal government would initiate irreversible processes to ensure the resumption and eventual completion of the steel facility beyond the Buhari regime.

Fielding a question about gold mining in Zamfara State, the Minister said the government had halted mining activities in the area because the conflict went beyond mining.

On government’s effort against illegal mining, he said, “we try to nip them in the bud wherever they rear their head. With the community reporting to us, we have a quick intervention force. We can’t be proactive, it is too expensive to maintain. But we have a quick intervention force.”

“If we hear any mining happening in any nook and cranny, we move in there and dislodge them. Those that are arrested, we confiscate their equipment and they are prosecuted.”

Meanwhile, Adegbite also revealed that the country has attained self-sufficiency in Barite production and would no longer need imports from October 2022.

The Minister explained that the Buhari administration is doing everything within it’s powers to upgrade the sector.

Editor: Ena Agbanoma

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS Unknown Feed

Trending

aitlive 9
Breaking: INEC admits glitch in results transmission as Court Reserves Judgement In Atiku’s Petition Against Tinubu, electoral body
2023 Elections Headlines
aitlive 1 19 1
Nigeria Air: MD Confirms Unveiled Aircraft Was Hired Ethiopia Flight
Local
LABOUR PARTY
Breaking: LP And Presidential Candidate, Peter Obi, Get Court Permission To Inspect Forensic Materials
2023 Elections
AIT-IMAGES - US House Republicans
US House Republicans authorize Biden impeachment inquiry
World
PETER OBI
Drama in court as judges order Peter Obi’s legal team to go home
Headlines

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?