Nigeria’s Ajaokuta Steel Plant is set for revitalization in early 2025 – Sen. Natasha
The revitalization Ajaokuta Steel Company Limited, as confirmed by Natasha Akpoti-Uduaghan, chair of the Senate Committee on Local Content, follows the signing of a Memorandum of Understanding (MoU) between Shuaibu Audu, Minister of Steel Development, and the Russian Tyazhpromexport, the original builders of the plant, in September.
The agreement covers rehabilitation and operation of the plant.
“That means we are setting ourselves and our country strategically to begin manufacturing the core components and machines used in the oil and gas sector,” Akpoti-Uduaghan commented on the upcoming rehabilitation of the plant.”
“The Ajaokuta Steel Plant’s construction, initiated in 1979 with Soviet support, neared completion by the early 1990s but was suspended due to the USSR’s dissolution. Currently, only a limited portion of its capacity is operational.”
The Nigerian government is eager to establish a metallurgical plant to reduce the country’s dependence on imported steel and meet domestic demand with locally manufactured products.
