Ajeokuta steel mill to be operational end of year

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite says Ajeokuta steel rolling mill will begin production at the end of the year.

The minster told the Russian Ambassador to Nigeria Alexey Shebarshir in Abuja on Tuesday that full operations were expected to commence after all legal burdens were overcome.

The federal Government has been expending huge amount of money to ensure that assets at the company are not vandalized and plans are also on with other companies on way to reinvigorate the Steel mill.

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Ambassador Shebarshir had said Russia would collaborate with Nigeria in rebuilding infrastructure and overhauling of the plant.

He harped on the need for the Federal Government to protect the private investors, interested in turning around the company for maximum production.

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The Russian Deputy Head of Mission, Trade and Economic Affairs, Valery Shaposhnikov, said that they have carried out on the spot analysis of the challenges militating against smooth operation of the company.



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