In a deliberate move to boost the operation of the steel companies in Nigeria, the Lagos State Government has reiterated its commitment to collaborate with the Federal Government to ensure that the Steel industries in Nigeria are revitalised. Towards this…
Done Deal: Nigeria Signs MOU For $1 Billion Iron Ore To Steel Plant
Solid Minerals Development Minister Dr. Dele Alake has hailed the $1 billion (N1.6Trillion) new iron ore to steel project planned for Kogi State as breakthrough in the Federal Government’s campaign to make local value addition the model of development in…
FG To Pay $496m To Settle Foreign Firm’s Claims Over Steel Plants
The federal government has agreed to pay $496 million to settle a multi-billion dollar claim from Global Steel Holdings Limited, following the termination of a contract to upgrade the country’s steel plants, Reuters is reporting. The news agency quoted Abubakar Malami, attorney-general of the…