The steel producing industry is considered the foundation of a good economy for any nation. Ajaokuta Steel is said to be the turning point of the Nigerian economy. However, this seems to be an unfulfilled dream. Nigeria is considered one of the top 20 producing countries of iron ore used to make steel, but we are not on the list of top steel producing countries. The problems faced in realizing this dream include corruption in the Nigerian government, international conspiracy and employment factors. These problems have hampered the country's economy and contributed to high crime rates and poverty levels. In the following pages you will find a detailed overview and history of Ajaokuta as well as my suggested solutions to some of the problems. I hope you would be excited to read and gain knowledge. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayBrief History and Overview of AjaokutaThe iron and steel industry was conceived by the central government in 1958. Be that as it may, due to the increasing focus on the sector the accessibility of iron minerals in Agbaja , Udi and in different areas of the country there was an agreement to establish a coordinated steel plant. Between 1960 and 1966, the late Tafawa Balewa and the late Nnamdi Azikiwe welcomed and obtained proposals from some far-flung companies, including those in the United Kingdom, the United States, Germany and Canada, most of them for the plausibility of the creation of steelworks. The administration's efforts did not yield positive results as they depended on the utilization of the Agbaja and Udi iron deposits, which were later observed by foreign contractors to be unsatisfactory for coordinated decline. In 1967, a group of Soviet specialists arrived in Nigeria to lead research into the availability of a steel plant, as a follow-up to a specialist/monetary participation pact between the administrations of Nigeria and the USSR. In their report, they prescribed the use of the blast furnace procedure for making iron. The report further highlighted that the known iron deposits in the country were of poor quality and suggested that further geographical studies be carried out to check whether better minerals could be found. In 1968, specialists from the Soviet Union came to Nigeria and, after a general topographical survey, announced that there were great prospects for more extravagant iron ore and coal reserves in the country at Ajaokuta. Nevertheless, the national government signed an agreement in 1970 with a Russian organization, TyazhPromExport (TPE), under which they agreed to provide mechanisms for carrying out further topographical examination to decide the amount of iron mineral reserves and of coal in the country which could be used for the proposed steel industry. In 1973, reasonable deposits of iron were discovered at Itakpe, Ajabanoko and Oshokoshoko, all in the area around Kabba-Okene-Lokoja – the center of Koton Karfe, now in Kogi State. The TPE was tasked with preparing the initial report on the steel industry project in Nigeria. In 1975, during the reign of Murtala Mohammed, the fundamental company report indicating the raw material base at Itakpe in the Kogi (Ajaokuta) factory site area, production volume of the first stage of 1, 3 mmt, process course (blast furnace - basic oxygen reduction furnace), The shape of the products (Long articles) developed by TPE was verified, discussed and recognized. TPEwas thus tasked with preparing the detailed project report on Ajaokuta which was completed and submitted in 1977. In 1979, Ajaokuta Steel Company Limited (ASCL) or NIOMCO, Delta Steel Company (DSC), among others, were established under Article 2 of Decree No. 60 of the National Steel Council of September 19, 1979 and merged into limited liability companies. In 1980, former President Shehu Shagari laid the foundation stone of an incorporated steel plant at Ajaokuta on 24,000 hectares of sprawling green land, based on 800 hectares. The steelmaking organization has four distinct types of rolling mills inside the plant: the billet mill that produces billets; the light section crusher which delivers round, square, strip and pointed metals. generation of nails, fence wires, cables, screws and nuts, nets and; The medium section and structural rolling mill produces parallel spine channels, at tips, uneven edges and standard channels. The four rolling mills are larger than Aladja, Osogbo, Katsina and Jos move plants together, while the coke and by-product plant is larger than Nigeria's four refineries established together. From 1980 to 1983, the government completed 84 percent completion of the Ajaokuta Steel Plant as the plant's light sections plant was loaded ahead of schedule, while the plant of wire rod was also shipped in April 1984, earlier than the expected December. . In 1994, the equipment and machinery assembly work at the Ajaokuta Steel Plant was 98 percent complete. Despite each of these achievements, it was nevertheless pitiful that the huge steel plant envisioned and executed by the pioneers of the past neglected to contribute to the development of Nigeria. Ajaokuta Steel, which was 98 percent complete by 1994, had not yet created a unique steel. The coordinated factory was envisioned to have multiplier impacts on all divisions of the Nigerian economy, for example, areas of modernity, agriculture, transportation and development, among others. The steelworks was expected to deliver 1.3 million tonnes of fluid steel per year during its first stage, with an implied capacity to increase production to 2.6 million tonnes of iron and steel items at during its second stage and its third stage. we wanted to deliver 5.2 million tonnes of different types of steel articles, including important plates. The steelworks complex also has an extremely modern collection of 43 unique factories consisting of an intricate iron network, links and devices of different sizes and capacities. Of the 43 factories, 40 are now complete and can create independently. Ajaokuta Steel has the ability to be a remarkable manufacturer of mechanical appliances, auto-electrical spare parts, shipbuilding, railways and wagons. The first stage of the steel plant has the capacity to give management work to 10,000 specialized employees and around 500,000 people for upstream and downstream incompetent companies in case it is in action. The government has spent more than $10 billion more in 34 years and would need another $2 billion to complete the remaining two percent. South Korea, which began its steel development around the same time as Ajaokuta Steel, currently has an income of over N60 billion per year and employs over 65,000 people. Ajaokuta steel would have improved the situation if its creation had started. As the World Steel Association (WSA) report indicates, South Africa and Egypt produced between 6.1 and 5.0 million tonnes of steel in 2016, while South Africa ranks 22nd in the..