We won’t spend money on Ajaokuta again – FG
11 March 2018 National
The federal government says it would not repeat the mistake of former President Olusegun Obasanjo’s administration on the Ajaokuta Steel Complex in Kogi state.
The Minister of Mines and Steel Development, Kayode Fayemi, who stated this at a press conference in Abuja, said the present administration would not spend funds to complete the steel plant.
Fayemi said the federal government had sunk over 8 billion dollars into the project since 1979 without any result.
The minister added that no fewer than 14 organizations from different countries had since 2016 indicated interest in the Ajaokuta Steel Complex.