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Again, the Federal Government has fixed March as the deadline to complete the concession of Ajaokuta Steel Company.

The Minister of Mines and Steel Development, Lekan Adegbite, on Tuesday revealed this during an interview on Arise Television.

About 11 companies have indicated interest to take over Ajaokuta Steel Company on a concession basis.

Three of the 11 bidders are Russian companies.

Built on a 24,000 hectares (59,000 acres) site in 1979, the Ajaokuta Steel Company is the largest steel mill in Nigeria, and the coke oven and byproducts plant are larger than all the refineries in Nigeria combined.

However, the project was mismanaged and remains incomplete over 40 years later.

Three-quarters of the complex have been abandoned, and only the light mills have been put into operation for small-scale fabrication and the production of iron rods.

Buhari had during his campaign in the build-up to the 2015 general election promised to revive the Ajaokuta Steel Company if elected president of the country.

Then, Buhari had while campaigning in Lokoja promised to resuscitate the company, which has been out of production for several years.

But over seven years into his administration, that promise has not been fulfilled.

Investigations by DECENCY GLOBAL NEWS had revealed that despite its moribund state, the company is still enjoying huge annual budgetary allocation by the government.