Federal Government Commits to Reviving Ajaokuta Steel Firm by 2025 Deadline

The Nigerian Federal Government reaffirms its commitment to reviving the Ajaokuta Steel Company Limited (ASCL) despite recent claims by Africa's richest man. The government sets a deadline of December 31, 2025, for the company's revitalization.

Minister of Solid Minerals Development, Dr. Dele Alake, directs the company to conclude Community Development Agreements (CDAs) with host communities based on performance reviews.

Despite issuing 74 new mineral titles, only 24 CDAs were signed in the first half of the year. The government emphasizes the importance of engaging with communities before commencing extraction activities.

The ASCL holds licenses from the Nigerian Mining Cadastral Office for mining and quarrying operations.