Thu. Apr 28th, 2022

VAT.

The Federal Executive Council has approved the engagement of transaction advises for consultancy services for the concession of Ajaokuta Steel Company Limited as well as the National Iron Ore Mining Complex in Itakpe, Delta State to the tune of eight hundred and fifty-three point twenty-six million naira inclusive of seven point five percent VAT.

The Minister of Information and Culture, Lai Mohammed on behalf of the Minister of Mines and Steel, disclosed this at the end of the Federal Executive Council Meeting chaired by the President Muhammadu Buhari.

The Minister, noted that the ongoing development is a significant move to resuscitating both the Ajaokuta Steel Company and the Iron Ore Company.

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