The Federal Government on Thursday said it would not repeat the mistake of the former President Olusegun Obasanjo’s administration on the Ajaokuta Steel Complex in Kogi State.
The Minister of Mines and Steel Development, Dr. Kayode Fayemi, who stated this at a press conference in Abuja, also said the present administration would not spend any money to complete the steel plant.
Fayemi stated that the Federal Government had sunk over $8bn into the project since 1979 without any result.
The minister stated that no fewer than 14 organisations from different countries had since 2016 indicated interest in the Ajaokuta Steel Complex.
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