Barring any unforeseen development, the planned technical audit of Ajaokuta Steel Company would be completed in the first quarter of 2022.
The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite, disclosed this during a webinar organised by the Lagos Business School (LBS).
Adegbite, who gave an insight into the move to resuscitate the moribund Ajaokuta Steel Company, said the Russians had agreed to conduct the technical audit, saying they are being expected in the country by January next year.
The minister explained that the audit would have started in March 2020 as agreed by the Russian technical partners, but it was stalled due to the outbreak of the COVID-19.
He said, “When we came to office in 2019, shortly after that there was a Russian-African summit which we went and on the sideline of the summit, we had a bilateral agreement with the Russian government and…