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The mess was cause by the Obasanjo privatisation.
Yaradua was trying to sort out the mess.

porka:


What mess are you talking about?

Obasanjo privatized the plants but Yaradua attempted to cancel it without considering the impact on the development of Nigeria.

The company that bought the entities filed an action at the arbitration court in London. And that's where it has been until the current Fayemi's attempt at getting the Indians to cede one company and hold on to the other.

Don't forget that Buhari was responsible for taking Nigeria backward for several generations with his coup of 1983. This steel complex was not an exception.

It was never designed to fail rather we chose its failure due to our bad administration of the whole issue.let d legal tussle of ownership ends and d ever ready Russian original builder's be invited for reassessment and rebuilding and see how it will be ready to launch d country to a net exporter of iron in a couple of years

Vendoor:
But how will they solve the logistic issues...

In my take Ajaokuta steel was designed to fail.

Nigerian Govt na joke. Dis same thieving Indians stripped the steel complex of all its assets. Indians r jst corporate scavengers.

fulanimafia:
Nah shame on you lazy lots for allowing yourselves and the oil industry to be dominated left right and center by northerners and s westerners . Your laziness is nauseating to say the least, get off that ogogoro bottle and fight for your relevance.

Imagine, your aged parents are now protesting their unpaid pensions because of lack of ability of your states to pay because of the empty feeding bottle from Abuja. Pathetic .

please please ,if you want to insult bayelsa insult bayelsa ,don't insult the whole Niger delta(delta,cross river,PH,Edo, alkwa ibom,ondo)am not so sure ur state is better than at least five of those listed there,

justy15:
is a step in the right direction. PMB should rewrite His history on ajaokuta plant while he is alive or else Nigerians will not forgive him even in death, why did I say so the plant was established by the then shehu shagari government designed for completion in 1986 before he was ousted out of office through a coup de tal by PMB leaving the PLANT abandoned at 98% completion. since then successive civilian government have done one or two things to no avail, for instance obasanjo concessioned the plant to Indians who vandalized the plant taken valueble equipment to their country n enslaved our Niferians working there. that was why YARDUA when he came on board cancelled the concession agreement n the Indians went to court, a process that lingered until Jonathan became president and prevailed on the Indians to withdraw the case from court n opt for mediation and that has been ongoing till the re-emmegence of buhari who has inherited that. question is will ajaokuta plant function to full capacity under buhari? I wish it happen n he would have changed his history cos I visited the plant n tears gushed from my eye. PMB do even if that is the only wrong you. were voted back to correct, do it while you are alife. God bless Nigeria

You spoke well my friend.

But the 'canibilization' tale is neither here nor there.

Without attempting to speak for the Indians, the plant was built in the 1980s with many of the components obsolete. The Indians claimed no production could be started until the equipment are retooled. It is better we put this in mind before they bring in some other people who might probably repeat the same thing. The Mittal family is to steel what Bill Gates is to computer OS. They are one of the biggest in the industry.

Until they are able to find a good buyer, let's us continue to hold them to account on every dollar they are spending on arbitration.

The steel development in Nigeria has been mired in international politics, no thanks Buhari's deliberate stagnation of the project at the verge of completion in the 80s. Had the Shagari administration been allowed to be, the plants would have long been operating before the supremacists set their focus on Nigeria.

The conspiracy against the plant is a conspiracy to disallow the black man to ever make economic progress and be truly independent.

The conspiracy is thick and is alive. The world bank has maintained their stand on the project. It's obvious they don't mean well for us when they said we should convert it to power plant.

To worsen the whole case, Buhari and his government have been on mind games since inception. They barely even understand anything at stake.

After years of derobbing the steel complex, Nigeria is a funny country...

In as much as we want ASCOL/NIOMCO to come on stream soonest we should be weary of the Indians. I believe the west and some cabals in the presidency are still trying to short change Nigerians. The Indians have once been given the concession of the company, what came out of it were woes. they carted away vital parts of the steel plants under the guise of borrowing and, when the host community stood against them they used the police to kill, main and burnt their house's in Ogaminana kogi state, these same Indians are back again. What stop the federal govt from reaching an agreement with TPE in Russia since they built the steel plant and still have the original drawings and designs with them. Russians are known to have built better steel plants for China, Pakistan etc and even India. They are known to be maintaining the plants in those countries including the ones in india . So what is the rationale of bringing back the Indians if not to do the bidding of those same cabal whose plans is to milk the nation dry. For Ajaokuta to succeed we should go back to the original builders otherwise it will not be Uhuru. My two cent.

Its a good move but Buhari promised to probe the allegations sorrounding transactions between the company and top figures in the Country that lead to *HALLIBOTIN SCANDAL* we all know, coud this be an attempt to sweep it under the capet? most people here does not even know that the Ajokuta company is the mother of the well talked HALLIBOTIN SCANDAL.

[quote author=Vendoor post=47354869]But how will they solve the logistic issues...

In my take Ajaokuta steel was
Don't say that again, think positive.

Firefire:


You need deliverance, bro.

Please. FAST!

You are the one who need deleiverance for supporting those that looted this country dry.. You are an enemy of the country.

Firefire:
You need deliverance, bro.

Please. FAST!

Don't mind the zombie o jare.
He thinks that we are like the All ProgreTHIEF Criminals, APC party people who wanted nothing good for our country in the name of doing opposition.
They don't even mind if their own fellow citizens are being killed anyhow by TERRORISTS as long as they score cheap political points with their baseless propaganda such as the examples below by DullardPoo of Daura.




[img]http://3.bp..com/-94fjo4Rrwe8/VYYMH1qZ3eI/AAAAAAAAEg4/YQJPLvPXfq0/s400/buhari-military-offensive.jpg[/img]



www.nairaland.com/attachments/2187924_109594257360386431786094855946062713643445n1_jpeg55bd38bf3a3f99bb50f7d7b4bab1597b

Impressive

Vendoor:



It is not as yet connected to the main railway
system of Nigeria, except by river. An isolated standard gauge railway connects the steelworks to its source of iron ore at Itakpe. A connection of this railway to the port of Warri is unfinished.it connects the west of Nigeria to the east and also
the north to the southern part, although it is not
the only route to pass through but it helps.

Wetin You dey talk nah.

Good!! ! Please, be fast about it! Thanks!

kudos to pmb,I know wailers will die BC of this news

fulanimafia:
Finally this huge national asset we possess is being revived, and in a few years we would resume our export of steel and other allied products. Ajaokuta Steel Plant is a testament of the various failed administration's we have been plagued with, particularly the last one which had so much money (which it senselessly looted) due to the cash windfall from the oil price boom, that it failed to recognize the need to resolve the Ajaokuta crisis thereby helping Nigeria to prepare for the rainy days we are experiencing today.

This is a step in the right direction considering the focus of this administration in restoring Nigeria's exporting country status which will earn us the much needed forex that will further strengthen the Naira; and a continuation of the government's efforts to diversify the economy as promised.

With the exploration of oil in Lake Chad scheduled to commence soon, the current production of oil in the SW, the building of Dangote's mega refinery and petrochemical plant, and renewed aggressive focus on agriculture in core northern states, the 'awa oyel' criers are in a for a rude shock very soon.

Kudos to the current administration, as the change we seek is now evident and our glory days are approaching. God bless Nigeria.

lol very funny
Who told you they failed
They were spot on target
You think they ever had plan for us
No my dear friend they are the most successful ppl in the country (they succeeded in their goal of looting and grabbing power for the sake of it)

Nothing good comes out doing business with Indians, just wait a few months to understand why.

naijaking1:
Nothing good comes out doing business with Indians, just wait a few months to understand why.

On point. Indians are criminally minded, just like the Lebanese. These Nigerian cabals are in league with them. Let us watch and see how it plays out.

I have it on good authority NOW that the minister of steel has been officially mandated to discuss with Russian TPE the original designers/builders of the steel plant. the meno is in two parts, but the minister in concert with the said cabals are still trying to persuade the president to give in to the indians( (for their selfish interest). Fayemi has refused to release the letters to the press thinking "they"can still arm twist the president. The copies of the memo is with a concern stakeholder, who does not want to usurp the power of the minister to officially announce to Nigerians the decision of Mr president. But if he fails to make the letter nay memo public in good time Nigerias will read the full content of the official memo from Mr president any moment. #FAYEMI SHOULD RELEASE THE MEMO NOW. or we do it for you. #ENOUGH IS ENOUGH.