Covid-19, Russia-Ukraine war stalling Ajaokuta steel project
The Federal Government on Thursday in Abuja said it could no longer complete the Ajaokuta Steel Rolling mill in 2022 due to the Covid-19 pandemic and the Russia-Ukraine war.
The Minister of Mines and Steel Development, Olamilekan Adegbite, disclosed this when he spoke at a special weekly ministerial media briefing organized by the Presidential Communications Team at the Presidential Villa, Abuja.
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.
The Minister revealed that the President, Muhammadu Buhari, after negotiations with Russia before the pandemic, approved the disbursement of $2m for the conduct of a technical audit of the mill as demanded by the Soviet Nation before the restart of its implementation.
Adegbite further explained that the Federal Government moved to continue the earlier negotiations with Russia but progress was again stalled due to the conflict between Russia and Ukraine.
