How FG Spends N3.6bn Annually on Ajaokuta
Vice President Namadi Sambo
More damning revelations emerged Friday at the public hearing on the privatisation of government-owned companies carried out by the Bureau of Public Enterprises.
The Minister of Steel Development, Alhaji Musa Mohammed Sada, told the Senate ad-hoc committee behind the investigation that the Federal Govern-ment still spends N3.6 billion annually on the Ajaokuta Steel Company Limited even though it has been moribund for several years.
He said the money, which is broken down to N300 million per month, is use to pay staff salaries.
