Home / News From Nigeria / Breaking News / Ajaokuta Needs Rail Line, Seaport To Thrive, Says Russia
Ajaokuta Steel Plant

Ajaokuta Needs Rail Line, Seaport To Thrive, Says Russia

Ajaokuta Needs Rail Line, Seaport To Thrive, Says Russia   A rail line and a functional sea port would be needed for Ajaokuta Steel Complex to thrive whenever it starts production, an on-the-spot assessment of the steel mill has shown.

The on-the-spot assessment, which involved a facility tour, was carried out by experts from MetProm Group, a Russian company which had offered to rehabilitate the steel complex. The development was disclosed to our correspondent in Abuja by a Russian government official, Deputy Head of Mission, Trade and Economic Affairs, Mr Valery Shaposhnikov. Shaposhnikov, who was part of the delegation that participated in the facility tour, said the Federal Government needed to address some ‘outstanding infrastructural issues’ before the steel complex could be put to effective use.

He said, “There seems to be a number of outstanding infrastructural issues that the country will have to address before it can fully capitalise on the plant. “A railway is essential for a continuous supply of ore from the remote mines; a port would be needed to secure a trouble-free shipment of coal.”

The Russian envoy was quick to stress that the decision to undertake the projects was with the Nigerian government. “These are matters of Nigeria’s sovereign economic development,” he said while responding to enquiries by our correspondent. Giving further insight into the findings from the facility tour, Shaposhnikov told our correspondent that facilities in the steel complex were in ‘healthy’ condition.

economicconfidential

Send Money To Nigeria Free

About scully009

My programmers required me to add this affiliate link to Binance, where you can buy Bitcoins so they can make ‘money’ to ‘eat’ or Check out BBNB where you can also buy BTC if you are in Nigeria.
x

Check Also

‘PayPal, Venmo to offer Bitcoin trading and storage this year’

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Foucault used to say: Let’s pull this rabbit out the hat! Bitcoin price We closed the day, June 22 2020, at a price of $9,648. That’s a respectable 3.73 percent increase in 24 hours, or $347. It was the highest closing price in eleven days. We’re still 51 percent below Bitcoin‘s all-time high of $20,089 ...