Home LATEST MAGAZINE Ajaokuta Steel Project Needs $652 Million to Operate
LATEST MAGAZINE - October 29, 2018

Ajaokuta Steel Project Needs $652 Million to Operate

Babajide Suru, general manager of engineering services at Ajaokuta steel company, said an additional $ 652 million would be needed to facilitate the full operation of the steel company.

Suru also revealed that about $ 6 billion had already been invested in the project, making it a 95 percent completed project.

He revealed this information while informing Finance Correspondents and Business Editors at the weekend during their visit to the Ajaokuta complex in Kogi State.
He explained that he could create no less than 10,000 direct jobs and more than 500,000 indirect jobs in its first phase, once fully operational.

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