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Redundant Ajaokuta Steel workers to earn N4.58bn this year

Published by Punch on Tue, 07 Feb 2012


Despite the fact that the Ajaokuta Steel Company Limited, Kogi State, is almost comatose, its workers will earn N4.584bn as salaries this year. The amount is 99.35 per cent of the N4.614bn allocated to the company in the 2012 budget. The sum is under the heading of recurrent expenditure. Only N30m is allocated for capital
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