Thursday, 5 May 2016

Ukraine promises $1b investment into Ajaokuta Steel Rolling Mill

The Ambassador of Ukraine to Nigeria, Mr Valeriy Aleksandruk has disclosed that his country has submitted a proposal to invest one billion US dollars into the revival of Ajaokuta Steel Rolling Mill.

The disclosure is contained ya statement issued by Mr Alex Okoh, Head, Public Communications, Bureau of Public Enterprises, BPE in Abuja on Thursday.

Mr Aleksandruk said during a courtesy call on the Acting Director General of the BPE, Mr Vincent Akpotaire that the steel company has a lot of potentials which Ukraine wanted to take advantage of and that meetings had been going on with relevant stakeholders in Nigeria for the realisation of the planned takeover of the steel mill.

Aleksandruk noted that Nigeria had a very good relationship with Ukraine especially in the areas of trade and investment.

He also noted that there was a huge Nigerian community in Ukraine.

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