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Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company (36220 Views)

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Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Nobody: 6:05pm On Jan 05, 2016
Halleydavid:
ghen,ghen

am sorry but not so sorry to say this but Okonjo Iweala is a disgrace angry and an over-rated puff brain. undecided angry
Is he saying ajaokuta will nw start wrking or he just cum here to do propaganda

1 Like

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by hansad: 6:06pm On Jan 05, 2016
YoursGEJ:


If Nigeria is to get on the path of industrialization, it will begin with Ajaokuta steel company. That is why thesw countries are against it. NOI always wanted the World Bank presidency and I'm not surprised she was willing to pay anything to get it just like her boss was ready to bankrupt Nigeria and ignore boko haram so he could win the election

For nearly forty years, Ajaokuta mill was started and never completed. Iwealla was there as Minister only during OBJ and GEJ admins. So why was the mill not completed by the Russians as scheduled before OBJ admin? Have you seen any industry undergoing construction for forty years?
Lol. Perhaps President Bubu shall continue the mistakes of others now - pour money into the bottomless pit of Ajaokuta, nothing is impossible under Bubu.

Many steel companies all over the world are closing down rapidly because of over-supply glut in the market

6 Likes 1 Share

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Ephemmm: 6:07pm On Jan 05, 2016
melvinjames:
[s] Buhari's democracy:
Arrest PDP publicity sec
Arraign former PDP chairman
Rubbish the brilliant NOI
Do all of this on the same day.


#TheOneChanceBus.[/s]

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by hansad: 6:11pm On Jan 05, 2016
TonyeBarcanista:
That's high degree sabotage

From a man without sense of direction, a man with little intelligence, a man driven only by hate. Today he is there, tomorrow he is here.

3 Likes

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by SoNature(m): 6:15pm On Jan 05, 2016
I don't even know what to believe anymore.

1 Like

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by anonimi: 6:16pm On Jan 05, 2016
porka:
Ajaokuta's problem was caused by Buhari himself.

Hold him responsible.

Buhari stopped the project when he took over from Shagari.

Every big project in Nigeria must be
'corruption', according Buhari.


The record of our dull, daft & dumb Confused One is that of CANCELLING progressive projects that should make our lives better and our economy stronger.
What a fumbling fumbler!!!


Splashme:
The first civilian governor of Lagos State, Alhaji Lateef Jakande, on Tuesday, said that the cancellation of the Lagos metroline project in 1985 was a major mistake and disservice to many Nigerians.

Jakande spoke in Lagos during the launch of a book which chronicled his life in politics and journalism.

The book, entitled, ‘Jakande: Leadership in Action’ is written by Dr. Bola Olaosebikan, who told the audience at the event that the All Progressives Congress presidential candidate, Maj. Gen. Muhammadu Buhari (retd.), was not responsible for the cancellation of the project.

Jakande said, “Reflecting on the metroline project, I think it is a major disservice to many Nigerians. Imagine how many people would have benefitted. It would have made life easier and changed the face of transport in Lagos. Whoever cancelled it or gave the advice towards its cancellation didn’t do right.”

The former governor asked Nigerians not to vote for unserious leaders in the coming polls, saying the elections presented Nigerians with a good opportunity that should not be squandered.

Expressing the hope that Nigeria would soon overcome its developmental challenges, Jakande said hope would be actualised faster if credible people emerged as leaders in the next dispensation.

He said, “This book comes at a very auspicious time in Nigeria’s history as we need leaders who can act. We need leaders who would not compromise the standards of good governance. God has blessed this nation the most in Africa, although we have not reached where we should be; with the right leaders, Nigeria would overcome its challenges.”


http://www.punchng.com/news/cancelling-metroline-a-major-mistake-jakande/





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No wonder he has Amaechi as his Minister. angry shocked
We are done for, surely!


Kenai:
The Rivers Monorail has already arrived...

And it's about to take off...
[img]https://www.nairaland.com/attachments/1570278_images-4_jpeg_jpeg2ce038dbd0b51d8e59b0a0d616a6e40b[/img]
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[img]https://www.nairaland.com/attachments/1570371_screenshot_2014-07-23-16-07-14_png29b18d0d659492af789f2e7a9401cc15[/img]

... To outer space.

3 Likes 1 Share

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by sonnie10: 6:16pm On Jan 05, 2016
Where is the infrastructure to run a steel company? Do you want to run a steel company with hydro power and compete with countries like China and Russia who are using cheap nuclear power? The truth is that while Nigeria was sleeping, other countries concentrated on capacity building. For those who do know, the world is presently swimming in steel. There is no way Nigerian steel produced with hydo-electric power will sell at international market price. Steel production is highly dependent on energy and Nigeria energy is not cheap.

Another point to consider is the facility itself. In this age of automation, the equipment are outdated and would be a burden on final cost of production.

The solution is a total new facility and not with what is on ground. Painful but true.

7 Likes 1 Share

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by ahaz: 6:18pm On Jan 05, 2016
OsusuMustFlow:
The Secretary General of African Iron and Steel Development, Dr. Mohammed Sanusi has accused erstwhile Minister of Finance and Coordinating Minister of the Economy in the President GoodLuck Jonathan administration, Dr. Okonjo Iweala of conniving with the World Bank and the International Monetary Fund (IMF) to write a phoney audit report on the Ajaokuta Steel Company.

He said the report, which adjudged the company as lacking in prospects was to serve the interest of powerful nations, especially the West, who markets their iron and Steel in Nigeria and other African countries.

Speaking with DAILY POST in Abuja on Tuesday, the Scribe lamented that it was the fourth time international finance organisations would capitalize on corrupt tendencies of Nigeria government officials, who were always ready to compromise and write-off Ajaokuta Iron and Steel Company, despite its huge prospects of being Nigeria’s biggest revenue earnings and employer of labour.

“There was a lot of sabotage going on and I have four different report which were initiated by World Bank against Ajaokuta Steel Company”, Sanusi said.

He added: “another group, which has links with World Bank and IMF were invited from Britain by Bureau of Public Enterprises; they came and condemned Ajaokuta, and when we the stakeholders pointed out their mistakes, they left and never came back to Nigeria up till date”.

Dr. Sanusi also recalled that he faulted the power point presentation of another group, which were brought in by the former Minister of Finance, Dr Okonjo Iweala known as “Nigeria Infrastructure Advisory Facilities”.

“There is another one the former Minister of Finance, Dr. Okonjo Iweala brought in called Nigeria Infrastructure Advisory Facilities and after two weeks tour of our steel Facilities, they assembled some officials of the National Planning Commission, Ministry of Finance and Solid minerals and other stakeholders; before you knew it, they reported that their head team had travelled back to Canada”, he added.

Sanusi who admitted that the Minister of Solid Minerals, Dr. Kayode Fayemi was in touch with the Iron and Steel Association, commended President Buhari administration for his concerted effort at revamping the Ajaokuta Iron and Steel steel.

He advised Buhari to personally pay a visit to the steel industry for what he called a first hand information, noting that it would help his decision rather than waiting to be briefed.

“It is not enough that Mr President should be briefed by anybody. I advise him to pay a visit personally with some of his cabinet members so that when he is taking a decision, it is based on facts rather than waiting to be briefed”, Sanusi maintained.

lalasticlala

http://dailypost.ng/2016/01/05/okonjo-iweala-connived-with-world-bank-imf-to-write-off-ajaokuta-steel-company-dr-sanusi/
you northerners are bunch of jokers.so what happened to ajaokuta since 1979..what haappend to it during abachas era and objs.
the point is buhari,apc and his co hurts always playing the blame game since 10 AD. my uncle retired from ajaokita as a g.m and i know much about ajaokuta...heaping every blame on gejs administration for every issue in nija is just wicked and mallicious.rember,for the records purpose no govt is immune to blame and crictisisms and no bastard should cry wolf when its bubus turn to recieve the blames by then only pray for nigerians to be fair in there barages.

4 Likes 1 Share

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by anonimi: 6:19pm On Jan 05, 2016
afolag:
Is he saying ajaokuta will nw start wrking or he just cum here to do propaganda

SoNature:
I don't even know what to believe anymore.

Dear brethren, just another pack of LIES from the stable of the propaganda masters who have NOTHING to deliver of their campaign promises. embarassed embarassed
For how long will the DIVERSIONARY tactics work before we realise we have been SCAMMED



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3 Likes 1 Share

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by drss2(m): 6:24pm On Jan 05, 2016
Shay i tell una say d zombie media go look for anoda tory to tarnish GEJ image after getting a powerful award yesterday? grin more propanda to come.
ok so wat is buari dullard doing abt ajaokuta steel complex

1 Like

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by openmine(m): 6:25pm On Jan 05, 2016
Just reading tru the first page comments and it scares me how a certain coward who calls himself a man wud make a horrendous accusation and instead of hearing the other side of the story,some blinded fellows just make hasty conclusions..simply because they are in a hurry to give this exceptional woman a bad name..why didnt he say anything during the last administration? did a cat cut his tongue or was that same tongue replaced after PMB administration was sworn in....? I guess he will sing a different song if a new administration under another party shows up 2019...
That same man will keep quiet forever just like the loquacious osho wen he gets a stinging rebuttal from iweala's reps...dumb zombies angry
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by drss2(m): 6:27pm On Jan 05, 2016
afolag:

Is he saying ajaokuta will nw start wrking or he just cum here to do propaganda
forget d yeye man. all na propaganda. GEJ as usual is their scape goat.

1 Like

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by obailala(m): 6:27pm On Jan 05, 2016
alcmene:
What it means is that the scandalous N189.1m voted for tyres for various vehicles, including the bulletproof and plain Mercedes Benz cars being used in the Presidency is nothing but the truth.

Buhari has denied withdrawing the budget.

In other words, the general renovation of the Guest House (N387m); complete furnishing of the Guest House (N45m); purchase of computers (N27.5m) and construction and provision of recreational facilities at N764m are all as true as Buhari being an illiterate dictator.

Wait a minute, so other insensitive expenditures on the Presidency’s vehicles that include N39.8m for the purchase of an unspecified number of 200 amps, 100 amps and 60 amps Mercedes Benz batteries for bulletproof vehicles and N30m to be expended on the purchase of tool boxes, car jacks, and diagnostic machines for bulletproof cars, the purchase of C-Caution triangles, fire-extinguishers and cables that will cost N27m are all true and there is NOTHING Nigerians can do about it.

It will be wicked and unpatriotic for any Nigerian be it ruling or the opposition to support this daylight robbery of a budget Buhari sent to the NASS.

FFK got it right really.
Take a chill pill, the budget will be withdrawn and reviewed; even if it's not withdrawn now, those figures will definitely be cut down later. The president isn't playing about his plans to cut down expenses, Mark my word!
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Nobody: 6:28pm On Jan 05, 2016
,
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Dbboy(m): 6:30pm On Jan 05, 2016
dustmalik:
I still don't know why they haven't arrested that con of a woman.


Because these are all stories for the Gods which are spilled everyday to keep there zombies I line. APC ! Zombies! APCssssss! Zombiessssss oooooooo![i][/i]

1 Like

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by tsdarkside(m): 6:31pm On Jan 05, 2016
una see.......jonathan would have forced this honest-people to shvt up...

na that this honest-people have the backing of buhari and our gallant soldiers,,,,no more fear!...say the truth...
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Nobody: 6:31pm On Jan 05, 2016
drss2:
forget d yeye man. all na propaganda. GEJ as usual is their scape goat.
Am expecting wrds like ...we get to knw those behind ajaokutas failure we shall deal with them later d factiry will resume operation by ..........producing soso and so tonnes. lobatan
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by grandstar(m): 6:31pm On Jan 05, 2016
Ajaokuta is a massive white elephant project whose is welcome. It is an extremely outmoded and inefficient plant and would only produce at outrageous prices which will put our local industries at a huge competitive disadvantage. Added to this is the monstrous glut of steel from Chinese mills which has brought the price so low that even scrap metals are whining. What the country needs is cheap steel and not a steel plant.

4 Likes 1 Share

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by arsetalks(m): 6:33pm On Jan 05, 2016
Kyase:
you see this puff puff woman ba? cry
Because contrary to their rubbish believe, Buhari believes in rule of law. He obeys court orders that are sensible.
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by drss2(m): 6:34pm On Jan 05, 2016
Zoharariel:
I knew it! I knew that 50Naira puff-puff faced ugly pumpkin-headed woman is never up to no good.

She came from the World Bank with the discredited & outmoded theories of the Bretton Woods institutions that have consistently failed every nation where these theories were applied.

She was not even satisfied with being the finance minister, she added a nebulous title called “Coordinating Minister of The Economy” effectively taking over the duties of the president and especially the constitutional duties of the vice president, as well as putting her hands into the affairs of virtually every federal ministry.

No one would have cared if there was good performance. But the tenure of Okonjo – Iweala has seen the greatest plundering of Nigeria’s assets and resources.

Her period as finance minister will be remembered as the worst in the history of Nigeria.

Ogun Laakaye Oshimale shall bath with the blood of every agent of IMF,World Bank & America covertly working against the interest of Nigeria - including their supporters! (Ashee).
in ur desperate effort to sound like james bond, u end up looking like dis man...

4 Likes

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by obailala(m): 6:34pm On Jan 05, 2016
ahaz:
you northerners are bunch of jokers.so what happened to ajaokuta since 1979..what haappend to it during abachas era and objs.
the point is buhari,apc and his co hurts always playing the blame game since 10 AD. my uncle retired from ajaokita as a g.m and i know much about ajaokuta...heaping every blame on gejs administration for every issue in nija is just wicked and mallicious.rember,for the records purpose no govt is immune to blame and crictisisms and no bastard should cry wolf when its bubus turn to recieve the blames by then only pray for nigerians to be fair in there barages.
The issue raised in the man's accusation is specifically about 'writing off' the steel plant. Nobody said your hero GEJ is responsible for the non-operational moribund state of the plant. Read and comprehend and quit being unnecessarily paranoid and tribal in every issue.

It is left for us to hear the other side of the story before any real judgement can be passed.
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by clemzo101(m): 6:42pm On Jan 05, 2016
sonnie10:
Where is the infrastructure to run a steel company? Do you want to run a steel company with hydro power and compete with countries like China and Russia who are using cheap nuclear power? The truth is that while Nigeria was sleeping, other countries concentrated on capacity building. For those who do know, the world is presently swimming in steel. There is no way Nigerian steel produced with hydo-electric power will sell at international market price. Steel production is highly dependent on energy and Nigeria energy is not cheap.

Another point to consider is the facility itself. In this age of automation, the equipment are outdated and would be a burden on final cost of production.

The solution is a total new facility and not with what is on ground. Painful but true.
for ur mind u don write sense......ur likes will just stay where u are and be spitting trash......wot the ffuck do u know about Ajaokuta? U are truly uninformed .......abeg leave trash for lawma.....na very useless thing u write.
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Eluwilussit(m): 6:43pm On Jan 05, 2016
bigtt76:
Hehehe ...the same IMF whose president came calling today? grin #NigeriansJustWantEntertainment undecided

You think nairalanders get brain? Most of them can't reason independently. If you ask some of them for proof, they usually direct you to a post by TonyeBarcanista.

The same imf they are condemning, the president of Nigeria received its president today. If imf and iweala didn't mean well, what's our very own PMB doing with its head?

We need proof that iweala and imf sabotaged ajaokuta steel project. Too much talk talk full naija.

5 Likes 1 Share

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by flokii: 6:43pm On Jan 05, 2016
melvinjames:
Buhari's democracy: Arrest PDP publicity sec Arraign former PDP chairman Rubbish the brilliant NOI Do all of this on the same day.

#TheOneChanceBus.
Corruption fighting back... you can't win
Okonjo must answer.. upon all her phD, Harvard etc. etc. SHAME!!
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Lionsclaw: 6:44pm On Jan 05, 2016
Wait o. Is this not govt crying like opposition?

It will make more sense if APC will finish their work and use their spare time to write discrediting reports about the last administration.

If the steel company was now functioning and during the reopening ceremony they narrate this story we all will clap for them and shame pdp

So now what are they expecting after this story? for nigerians to cry foul and go back to bed on empty stomach??

PDP stayed 16yrs in govt but this APC wont last more than 4yrs cos they know absolutely nothing about governace.

Bottomeline this govt is the most stupid I have seen. PDP doesn't have a form anymore, critisize them from now to 2019 they wont come as pdp. They will form new parties and you cant judge a new party that has never been in govt just as amechi, saraki and atiku are in apc and their sins in pdp has been forgoten so will it be later the remainant of pdp.
At the end of 4yrs this govt will be caught naked without any achievement but finger pointing

2 Likes

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by arsenal33: 6:48pm On Jan 05, 2016
dustmalik:
I still don't know why they haven't arrested that con of a woman.

She don take off
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by wiseoneking: 6:48pm On Jan 05, 2016
dustmalik:
I still don't know why they haven't arrested that con of a woman.
Go and arrest Gej, isi efi. That Ajaokuta was initially sited in onitsha by the russian experts but the northern oligarcy govt insisted on pushing it to the northern soil against all their candid advice. That steel coy is under curse from Biafra. Leave NOI at of it. The rot is almost 30yrs old, why iwela.

1 Like

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Fourwinds: 6:51pm On Jan 05, 2016
Hmmmm. Madam economy! NOI was a failure... From d way money were disbursed... A regime where Dasuki became father Christmas
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by clemzo101(m): 6:52pm On Jan 05, 2016
I'm really not interested in casting blames. All I'm saying is dat d place is too big to be abandoned, d Las tym AMCON costed d place at about 6 trillion.....the government need to find a way out and bring back dat place to full functionality, even if its section by section, let d power plant come back fully on, the rolling mills, and other sections.....dos of u writing nonesense ve not bin dere b4 dats why, go dere and see infrastructure. More Dan 10 thousand homes excluding offices and administrative buildings......talk about the d job site, everything is dere........nigeria shld just think deeply wot dey wanna do with d place
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by code66: 6:53pm On Jan 05, 2016
Ajaokuta steel company has the capacity to employ 150,000 graduates and also create 500,000 indirect jobs if its completed and made fully operational...... if u see wats on ground already dia.....hmmmm!..its massive...#BRINGBACK AJAOKUTA STEEL

1 Like

Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by Kyase(m): 6:54pm On Jan 05, 2016
arsetalks:
Because contrary to their rubbish believe, Buhari believes in rule of law. He obeys court orders that are sensible.
gbam
Re: Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company by clemzo101(m): 6:54pm On Jan 05, 2016
wiseoneking:
Go and arrest Gej, isi efi. That Ajaokuta was initially sited in onitsha by the russian experts but the northern oligarcy govt insisted on pushing it to the northern soil against all their candid advice. That steel coy is under curse from Biafra. Leave NOI at of it. The rot is almost 30yrs old, why iwela.
abeg leave trash for LAWMA......na rubbish u write oga ade

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