FG to Investigate Ajaokuta Steel Company’s N33bn Electricity Debt

The Federal Government has announced plans to investigate the circumstances surrounding the non-operational Ajaokuta Steel Company Limited, which accrued a debt of N33 billion in electricity bills. The Transmission Company of Nigeria (TCN) recently disconnected the moribund steel company from the national grid due to its failure to settle the outstanding debt owed to the … Continue reading FG to Investigate Ajaokuta Steel Company’s N33bn Electricity Debt