The Federal Government has signed a Memorandum of Understanding with the builders of the Ajaokuta steel plant, Messrs Tyazh-prom-export, for the rehabilitation, completion, and operation of the plant and the National Iron Ore Mining Company.

The Minister of Steel Development, SHUAIBU AUDU, signed the agreement on behalf of the government in Moscow, a statement by the ministry’s spokesperson, SALAMOTU JIBANIYA, revealed.

According to her, the MOU was signed when AUDU led a Nigerian delegation to Moscow, Russia, from September 14 to 21.

The Ajaokuta Integrated Steel Complex, conceived in 1979, was developed to establish a Metallurgical Process Plant alongside an Engineering Complex and various auxiliary facilities.