The Federal Government has paid workers of the moribund Ajaokuta Steel Company the total sum of N38.9bn as salaries and allowances in 10 years, Saturday PUNCH reports.
This is despite the inability of the company to produce a single sheet of steel since its inception.
The Ajaokuta Integrated Steel Complex, conceived in 1979, was developed to establish a Metallurgical Process Plant alongside an Engineering Complex and various auxiliary facilities.
The complex is meant to generate important upstream and downstream industrial and economic activities that are critical to the diversification of the economy into an industrial one.
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