Today, the FG took a major step in its plan to revitalise the steel sector as it signed a renegotiated concession agreement with Global Steel Holdings Limited for the Nigerian Iron Ore Mining Company (NIOMCO), Itakpe, PremiumTimes reports.
By the new agreement, the Ajaokuta Steel Complex has now reverted to the FG, effectively freeing the entity from all contractual encumbrances that had left it uncompleted and non-functional for decades, while GSHL retains NIOMCO. .
By the new agreement, the Ajaokuta Steel Complex has now reverted to the FG, effectively freeing the entity from all contractual encumbrances that had left it uncompleted and non-functional for decades, while GSHL retains NIOMCO. .