Nigeria's Minister of Steel Development plans for Ajaokuta Steel Company to produce military hardware and reduce importation, with N35bn raised for restarting the Light Mill Section.
Nigeria's Minister of Steel Development, Prince Shuaibu Audu, revealed plans for Ajaokuta Steel Company to produce military hardware once it becomes fully functional, reducing the need for importation. The government is in an advanced stage of raising N35bn for restarting the Light Mill Section (LMS) of the steel company. The LMS has the capacity to produce 400,000 metric tonnes of iron rods annually, supporting industrialization in Nigeria.
May 23, 2024
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