Hope for Ajaokuta Steel as 20-year Gas Deal Is Signed
Nigeria, July 12 -- Tinubu Media Support Group (TMSG) says the Nigerian National Petroleum Company (NNPC) Ltd deal to transport gas to Ajaokuta Steel Company Ltd (ASCL) for 20 years marks a major step toward reviving the plant.
The group said this in a statement jointly signed by its Chairman, Mr Emeka Nwankpa, and Secretary, Mr Dapo Okubanjo, issued to newsmen on Sunday in Abuja.
NNPCL and ASCL's Sale and Purchase Agreement will provide the critical gas infrastructure required to power the resuscitation of the nation's foremost integrated steel plant.
The development, according to the group, aligns with President Bola Tinubu's Renewed Hope Agenda for industrialisation, economic diversification and sustainable economic growth.
The gr...
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