Senate: Ajaokuta Steel Coy owes N2bn electricity debt despite not producing

The Senate has disclosed that the moribund Ajaokuta Steel Company was at times indebted N2 billion in electricity payments, despite not producing. The Chairman of the Senate Committee on Steel Development, Patrick Ndubueze, made this known at the maiden edition of the National Steel Summit in Abuja on Wednesday, August 13, 2025. Ndubueze said: “Once … Continue reading Senate: Ajaokuta Steel Coy owes N2bn electricity debt despite not producing