Onze sociétés sont en lice pour racheter la société nigériane Ajaokuta Steel Company according to the Nigerian Minister of Mines and Steel. However, three out of the 11 companies that submitted offers are Russian, according to Olamilekan Adegbite's statement on December 8, 2022.

Adegbite a annoncé qu' “en 2019, lors du sommet Russie-Afrique à Moscou, le président Muhammadu Buhari discussed the idea of reviving Ajaokuta with the president Vladimir Putin”. So, according to the latter, “an agreement has been reached for Russian engineers to come for a technical audit by March 2020... But the emergence of the first and second waves of COVID-19 has blocked the plan.” The minister for her part revealed that Abuja was looking for a company to invest in Ajaokuta and have a stake in its operations to ensure its success.

Suite à d' importants problèmes juridiques, le gouvernement nigérian a pris le contrôle d' Ajaokuta Steel Company in 2016 while the initial concession, granted in 2005 to Global Steel, finally ended in litigation. For Adegbite, “one of the main albatrosses in Ajaokuta was the concession that occurred under former president Olusegun Obasanjo to Messers Global Steel Industries.”