Minister speaks on disconnection of Ajaokuta Steel Company

Nigeria’s Minister of Steel Development, Shuaibu Audu, on Thursday, lamented how the Transmission Company of Nigeria (TCN) disconnected the moribund Ajaokuta Steel complex over its inability to pay the debt owed the Nigerian Bulk Electricity Trading Plc (NBET).

Mr Audu raised concerns while addressing reporters in Abuja on Thursday.

“As we speak, Ajaokuta has been disconnected by TCN and N30 billion is at stake,” Mr Audu said.