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Nairaland Forum / Nairaland / General / Politics / Why Ajaokuta Steel Company Won’t Function Immediately – Minister (22480 Views)
'Buhari Revive Ajaokuta Steel Company': Nigerian Youths Protest In Abuja (Pics) / Why Ajaokuta Steel Company Won’t Function Immediately – Mr. Kayode Fayemi / Okonjo-iweala Connived With World Bank, IMF To Write Off Ajaokuta Steel Company (2) (3) (4)
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Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Nobody: 7:49am On Feb 03, 2016 |
The Minister of Solid Minerals and Steel Development, Dr. Kayode Fayemi, yesterday revealed that the Federal Government had spent over $10 billion on the Ajaokuta Steel Company since its establishment in 1971. http://newtelegraphonline.com/fg-spent-10-bn-ajaokuta-fayemi/ 7 Likes 2 Shares |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Nobody: 8:02am On Feb 03, 2016 |
There has been this cry about the government focusing on anti corruption when in actual fact it has been media that has turned a blind eye to other activities of government. I will try to get these activities out for those interested in the fiscal policy of government. Obinoscopy, lalasticlala 47 Likes 3 Shares |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by grandstar(m): 8:03am On Feb 03, 2016 |
That is Nigeria's largest white elephant! The plant is a very unproductive plant compared to the super modern ones today. Also there is a massive glut of steel inn the world market from China. China has an excess capacity of over 250m tons. These has led to the dumping of steel and the EU and America have been forced to impose anti-dumping duties on chinese steel. Its far cheaper to import than to make steel locally. Making steel here will put local users at a competitive disadvantage due to very steep prices. Govt should do the needful. They should dynamite the place and ring it for miles with mines and lease the place out to ISIS 31 Likes 4 Shares |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by DeKen: 10:08pm On Feb 03, 2016 |
Negativity. 1 Like |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by ladyF(f): 10:08pm On Feb 03, 2016 |
Its good to know when to pull the plugs. No point putting billions in when you're not going to get any tangible returns. It's [size=15pt]LadyF[/size] again. ![]() ![]() ![]() 5 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by sagewonders(m): 10:08pm On Feb 03, 2016 |
ok |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by MyLady11(m): 10:08pm On Feb 03, 2016 |
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Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by hobermener: 10:08pm On Feb 03, 2016 |
Buhari's 13 Likes 1 Share |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by sagewonders(m): 10:09pm On Feb 03, 2016 |
ok noted |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by YelloweWest: 10:10pm On Feb 03, 2016 |
AKWA IBOM PDP! ABIA PDP! THANK YOU SUPREME COURT!!! 11 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Bluezy13(m): 10:11pm On Feb 03, 2016 |
Thought that iron and steel company was extinct! !!!!! hmmmmm naija and its white elephant project. 3 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by sagewonders(m): 10:11pm On Feb 03, 2016 |
Obiagelli: I concur 7 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by kennyman2000(m): 10:11pm On Feb 03, 2016 |
Hmmmmmm.... |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by lollypeezle(m): 10:11pm On Feb 03, 2016 |
I just keep praying on this new government for God's guidance...#IBelieveInNigeria 3 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by optional1(f): 10:11pm On Feb 03, 2016 |
If dy lyk dy make it to function if dy lyk dy shldnt touch it. All i no is dat AJ children rocks any were any day. ProudlyAJChild 4 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Meriekriss: 10:12pm On Feb 03, 2016 |
grandstar: You strong oooo.. What a suggestion... 13 Likes 1 Share |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by peddyholly: 10:13pm On Feb 03, 2016 |
Kindly do the needful abeg 1 Like |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by ikombe: 10:13pm On Feb 03, 2016 |
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Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by WaleyFem: 10:21pm On Feb 03, 2016 |
Story story story |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Allwility: 10:21pm On Feb 03, 2016 |
Hmm. Cooljade and everyone involved, let's keep applying pressure until the needful is done. The office of the citizen is greater than the office of the President. 1 Like |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by omohayek: 10:25pm On Feb 03, 2016 |
grandstar: Exactly. The only thing Ajaokuta has ever been (and could ever be) good for is providing a means for embezzling public funds through inflated contracts. It's a pity Nigerians repeatedly allow themselves to be fooled by nationalistic rhetoric meant to hide this ugly reality. 4 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Raddie(m): 10:27pm On Feb 03, 2016 |
Now where is the "WHY" here! |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by suyamasta(m): 10:28pm On Feb 03, 2016 |
Dr. Fayemi's First Half Truth on # Ajaokuta . Read and Share!!! Dearest # Nigerians , We did a good job spreading my post "Time to Break the Conspiracy Surrounding Ajaokuta" found here https:// www.facebook.com/NatashaAkpoti/posts/10154065985231758 Hon. Min. Dr. Fayemi got to read it and your comments too. To this, while defending the budget, he spent quite some time yesterday at the National Assembly talking, for the FIRST time, about the (partly) true reasons why the government cannot revive #Ajaokuta now. This truth the minister decided to speak out is the legal case between GSHL (GIHL) the Indians and FG of Nigeria I mentioned in my post. Few words for Hon. Minister Dr. # Fayemi: 1. Thank you for corroborating my statement on the fact that Global Infrastructure (GHSL) is holding Nigerian government to ransom over the Ajaokuta/ Itakpe's arbitration. http:// www.premiumtimesng.com/news/top-news/197876-ajaokuta-steel-company-wont-function-immediately-minister.html . Now, Nigerian's are fully aware that all the previous posts in the media was cool air blown on Nigerians' wounds. Sir it isn't going to work anymore. However sir, you mentioned that you would need 1 year to clear the legal hurdles surrounding Ajaokuta. 1 year is too much a time sir. Nigerian's do not have 1 more year to waste over a legal contract entered into without the best interest of Nigeria at the soul of it. We know its quite uneasy for you; uneasy so because GHSL has powerful "godfathers" and their legal counsel is a Special Adviser to the president himself; and ironically on matters relating to the improvement of social welfare for the common man. We plead with Mr. President, the Attorney General and your kind self to please expedite the termination of every legal agreement with the Indian company. Nigerian's are fast losing their patience. 2. Hon. Minister, you also mentioned that the Federal Government has spent over $10b on Ajaokuta from inception till date http://newtelegraphonline.com/fg-spent-10-bn-ajaokuta-fayemi/ . Sir, you know that by and large, more than half of the $10b was fraudulently embezzled by those we entrusted our sovereign wealth with. It is wrong to add the Abacha loot, # SolGas and now GHSL erroneous expenditures to the supposed money "spent" on the Ajaokuta steel plant. At this time I wish Ajaokuta Steel were a human being and could speak for itself. Pity. TPE Russia has built over 40 steel plants around the world, Ajaokuta is the only one they never completed and commissioned. Nigeria Why ![]() Maybe its time Nigerian's got a glimpse of the legal contract between GSHL and Nigeria. Watch my page in a few hours... Source={> www.facebook.com/NatashaAkpoti/posts/10154065985231758 14 Likes 2 Shares |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by urchmanx(m): 10:33pm On Feb 03, 2016 |
I thought someone was accusing the past govt. of deliberately working with the world in giving fake report on the status of that project. Hope this is the time of telling the truth. https://www.nairaland.com/2844547/okonjo-iweala-connived-world-bank-imf 3 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by GodMode: 10:36pm On Feb 03, 2016 |
. |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by opwa4us(m): 10:46pm On Feb 03, 2016 |
Ok |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by MrPresident1: 10:48pm On Feb 03, 2016 |
The blackman in his present devolved state does not have the mental capacity to make Ajaokuta function. 8 Likes 1 Share |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Nobody: 10:49pm On Feb 03, 2016 |
Lol Fashola is always educating politicians each time they try to slow him down. SAN ti o gbadun. Ride on sha 8 Likes 1 Share |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Reference(m): 10:49pm On Feb 03, 2016 |
grandstar: Hmmm....better sell it to NASA or to Elon Musk to launch space rockets from there. That place is the global Disneyland of government squandermania. The only zoo in the world with a white elephant on show. 2 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by NavierStokes(m): 10:56pm On Feb 03, 2016 |
Is this government under the anointing of a "snail". Why waste one year studying the legalities and sorting legal issues. Meaning you will spend the next 1 year raising funds and another one year to get contractor on aite, then a hiatus because we will be campaigning for 2019 for the last of their 4 years. When will the plant then be commissioned? Empty Rhetorics. Actions not more words, thats what we need. Nigerians will not be swayed by these empty talks. Its about time they start giving us timelines of when our steel will be in the market not asking for a year 4 Likes |
Re: Why Ajaokuta Steel Company Won’t Function Immediately – Minister by Howociqu(m): 10:56pm On Feb 03, 2016 |
#alo alo oooooooo# |
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