Published by PUNCH, May 8, 2017. Everest Amaefule, Abuja The Federal Government is considering three options for the privatisation of the Ajaokuta Steel Company Limited. This follows the submission of a report on the possible transaction routes that could be taken by the Federal Government to rehabilitate the steel complex by the transaction advisers and consultants, Greenwich Trust Limited. The three options being considered by the government to bring back the plant to life are outright sale, concession and joint venture partnership. The Sole Administrator, ASCL, Mr. Joseph Isah, gave the indication while speaking with journalists in Ajaokuta on Friday. He said that it would cost about $700m to complete the plant and put it to good use; and another $663m in external infrastructure financing for the transportation of the plant’s raw materials and final products. He said it was lamentable that Nigeria was spending about N6tn per annum on the importation of steel products, while s
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