The Federal Government has said it is in partnership with the Russian government to revive Ajaokuta Steel Company.
The disclosure was made on Friday by the Minister of Mines and Solid Minerals Development, Olamilekan Adegbite, at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy.
According to him, the main feature of President Muhammadu Buhari’s visit to Russia next week is to discuss the reviving of the steel company.
Adegbite said that the Russians have shown interest to help Nigeria revive Ajaokuta with their own money.
The minister said: “They want to put Ajaokuta back and we are looking at different methods to engage them.
“Because it is almost completed, they bring in some money to finish what is there and operate it for a while; realise their investment, profit and transfer it back to Nigeria.
“I think this is the best path to revive Ajaokuta and I believe within the tenure of our time, we will achieve this.”
