Fg has no money to complete ajaokuta steel says minister

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The Minister of Mines and Steel Development, Olamilekan Adegbite, has reportedly stated that the Federal Government has no money to complete the Ajaokuta Steel Company project. The Ajaokuta Steel Company is a major steel production facility located in Ajaokuta, Kogi State, Nigeria.

The minister's statement suggests that the government is facing financial constraints, which are hindering the completion of the project. The Ajaokuta Steel Company has been under construction for several decades, but it has faced numerous delays and setbacks due to various reasons, including lack of funding.

It's worth noting that the Ajaokuta Steel Company is a strategic project for Nigeria's economy, as it has the potential to create jobs, stimulate economic growth, and reduce the country's reliance on imported steel products. Therefore, the government's inability to complete the project due to lack of funds may have significant implications for the country's economic development.

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