American, Chinese, Other Invetors Showing Interest In Reviving Ajaokuta Steel– Minister

The abandoned Ajaokuta Steel Company Ltd may take new shape soon as foreign investors have shown interest in reviving the multi-billion steel company, the Minister for Steel Development, Shuaib Abubarkar-Audu has said.

Audu said Ajaokuta will soon be designated as a Free Trade Zone to facilitate investment in the area.

The Minister made the disclosure on Thursday during a tour at the Ajaokuta Steel Company Limited alongside some investors from America, China, Germany and Russia.

According to Audu, a proposal has been sent to President Bola Tinubu for approval within the shortest time.