Steel

LAGOS, Nigeria, Capital Markets in Africa — Nigeria is aiming to hand over the US$4.5 billion Ajaokuta steel complex to private operators this year as part of a plan to kick start its industrial and mining industries, Dr. Kayode Fayemi, Nigerian Minister of Solid Minerals Development, stated. The Minister explained that construction of Ajaokuta, which lies on the Niger River and was supposed to have an installed capacity of 5 million metric tons of steel a year,…