• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Minister defends retention of workers in Ajaokuta steel

Ajaokuta

The Matters Press by The Matters Press
November 28, 2022
Reading Time: 2 mins read
0
Firms bid for Ajaokuta steel

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite says workers are retained at the Ajaokuta Steel Company to protect the Infrastructure from vandalism.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Adegbite said in Abuja on Sunday that it was important to keep the place running.

He said the reason why successive governments could still talk about the company was because of the few workers keeping the place running.

“The steel territory where Ajaokuta sits is about three times bigger than the Federal Capital Territory (FCT).

“So, you can imagine an investment of that magnitude being left without people to maintain.

“If everybody is withdrawn from there, we would not be sitted ere today talking about Ajaokuta because it will not exist anymore.

“You know who we are. If that place is left like that people will cannibalise the place and turn everything into scrap,” he said.

He said the plants were still functional, adding that at full production, the company was capable of employing more than 10,000 workers.

On whether or not the company had produced anything steel since its establishment in the 70s, Adegbite said it had produced at certain period.

He said, “Ajaokuta has actually produced at certain period.

“It is only that it has not produced liquid steel, which is the ultimate because it can be converted into any desired metal.

“Billets were being imported from abroad, so Ajaokuta has always functioned in one way or the other.

7’So, all these years, alot of investment has gone into training people toward steel production.

“People went on secondment while others were sent for first degree and Masters.

“So many people were trained in Russia because it was built by the Soviet Union in those days.”

The minister further said the workers, some of whom had retired had kept hope alive that Ajaokuta steel company would work.

He said, “these hands were kept together because we do not want to lose them”.

On argument as to whether or not the non-take-off of the company was because the “gods are angry” the minister said the communities had been carried along over the years.

This gesture according to him is to show respect for the people and their culture.

Tags: Ajaokuta
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Nigeria targets $1.2bn export capacity for every state

Nigeria bans export of raw gold, others — Minister

$13bn proposed Trans-Sahara Gas Pipeline project taking shape

NIPCO moves to connect Lekki Free Trade Zone with gas pipeline

Recommended Stories

July petrol pump price ranges between N140.80 and N143.80

Fuel Subsidy Removal: The Needless Furore

September 14, 2020
Kenya hits the globe for oil investment

Oil, gas firms owe Nigeria N1.32trn

March 7, 2022
Power line to energise part of Oyo

Transcorp Power lists 7.5bn shares on NGX

March 5, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us