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September 9, 2026|06:01

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Nigeria

Nigeria imports N1tn steel despite N7.2bn Ajaokuta spend

Punch Nigeria 1 day 1 mins read

The Federal Government spent about N7.21bn running Ajaokuta Steel Company Limited between 2020 and 2025, even as the nearly 50-year-old complex in Kogi State remained largely dormant. The expenditure spanned 501 transactions and covered taxes and other statutory obligations, pension and housing-fund contributions, maintenance, road works, and other infrastructure-related payments, according to spending records obtained Read More: https://punchng.com/nigeria-imports-n1tn-steel-despite-n7-2bn-ajaokuta-spend/

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