lexy2014:


Oga, don't get emotional cos in d end u will find out that it would have better if u didn't say anything. When $1b was allocated in 2018, for what purpose was it allocated? B4 it was decided that d $1b is to be allocated, did d govt not know how it was going to spend d $1b so as to achieve d aim for which d money was allocated for?

Pls answer this urself
3) If at 95% completion $1.5b is required to finish the work, could it be possible that they left the most expensive parts as the last parts to be finished?

because if an amount was allocated for "COMPLETION", then y would an aspect of d work be left out? With all ur brain that u use, aren't u aware that before funds are allocated, a plan is made how d funds will be used? With all ur brain, don't u no that costing is done b4 allocation to arrive at d amount to be allocated? How was costing done for "COMPLETION" and yet u say "they left the most expensive parts as the last parts to be finished?" Does that sound logical to u? Am not surprised at your level of reasoning.

With all ur brain that u are using, u are still showing a lot of intellectual deficiency. Look at how u ridiculed urself here:

2) What if an important upgrade was required after assessment which necessitated the addition 500m?

Was d cost of completion increased by $500m or by $1.5b?

Let me show u something. Now after costing, $1b was arrived at as d amount needed for COMPLETION. If d $1b was able to complete 95-98% of d job, it means that whatever is left of d job shouldn't cost up to $1b not to talk of it now costing $1.5b. I hope I have triggered ur thinking faculty a little bit cos from d look of things u seem to be d one who is "thinking from the bottom of a bottle of gin".

Meanwhile, I don't no what grouse u have with GEJ as I don't remember having any discussion with u about him

Are you sure your brain is not a pile of dog poo?

If $1b was allocated in 2018 for completion was any work done there at all with the allocated money? Have you forgotten that it was in the same 2018 the FG was considering selling it off or even privatizing it? This should tell you no work was done there and now that they have decided to finish it and get it working as it should have if PDP had done their work in the 16yrs of their leadership failures they have now done a reassessment and seen that for completion it would cost $1.5b.

That sum is not an additional cost because no work was done there in 2018 despite the allocation. That allocation was returned as unspent money in the budget of that year.

Na wa for your brain o. Tueh!

Blindersoff:


Are you sure your brain is not a pile of dog poo?

If $1b was allocated in 2018 for completion was any work done there at all with the allocated money? Have you forgotten that it was in the same 2018 the FG was considering selling it off or even privatizing it? This should tell you no work was done there and now that they have decided to finish it and get it working as it should have if PDP had done their work in the 16yrs of their leadership failures they have now done a reassessment and seen that for completion it would cost $1.5b.

That sum is not an additional cost because no work was done there in 2018 despite the allocation. That allocation was returned as unspent money in the budget of that year.

Na wa for your brain o. Tueh!

I really really like this ur post. D reason is that u inadvertently made d argument easier by contradicting urself with ur assumptions.

U say no work was done but read this:

3) If at 95% completion $1.5b is required to finish the work, could it be possible that they left the most expensive parts as the last parts to be finished?

Pls which "work" are u referring? Which expensive parts were left out? Why and when were they left out if u say no work was done?


How do u that no work was done there? Is d attempt to sell now an indication that no work was done? According to u "That allocation was returned as unspent money in the budget of that year."

A billion dollars is d equivalent of 350billion naira. How much was d budget 4d year 2018 that 350billion naira was allocated to ajaokuta alone? Who told u that d $1b was a product budgetary allocation? D fact that u don't even know how d money came about clearly shows that u are arguing ignorantly, making up your points as u go along. No forethought. Also, u have failed vigorously in ur attempt to lump d $1b of 2018 with this new $1.5b as one and d same. This is because both funds don't come from d same source.

D only thing u are good at is insults which in no way validates what u are saying. U don't have to insult b4 u make ur points except u don't have any points to make, which in this case u don't.

U making reference to PDP. PDP has come and gone. Ajaokuta is now under d supervision of d buhari administration not PDP. So pls be focused

FemiMaduka:
In Ajaokuta, literally or metaphorically, lies our industrial and technological breakthrough. Metallurgy is a strategic sector in every developed economy.

In the early eras, if a nation conquered another nation and wanted to make sure that the conquered nation remains subjugated under its vassalage, IT IMMEDIATELY BANISHES THE PROFESSION OF BLACKSMITHING. It hasn't changed much even in this 21st century.

Ajaokuta remains the biggest industrial complex in the whole of the subregion (W.A.); its misery is indeed our misery. If we were a people 'blessed' with strategy, we wouldn't eat our next bread till that plant (or another of its kind) starts running.

We are heating up the wrong 'furnace'—the oven.

You're right ,Sir

CyberWolf:
Wasting scarce resources on a dead factory. Is that money not enough to build a brand new and manageable steel factory? .... The leaders are really cursed beyond redemption.

are u sure u are not the cursed one here?

lexy2014:


I really really like this ur post. D reason is that u inadvertently made d argument easier by contradicting urself with ur assumptions.

U say no work was done but read this:

3) If at 95% completion $1.5b is required to finish the work, could it be possible that they left the most expensive parts as the last parts to be finished?

Pls which "work" are u referring? Which expensive parts were left out? Why and when were they left out if u say no work was done?


How do u that no work was done there? Is d attempt to sell now an indication that no work was done? According to u "That allocation was returned as unspent money in the budget of that year."

A billion dollars is d equivalent of 350billion naira. How much was d budget 4d year 2018 that 350billion naira was allocated to ajaokuta alone? Who told u that d $1b was a product budgetary allocation? D fact that u don't even know how d money came about clearly shows that u are arguing ignorantly, making up your points as u go along. No forethought. Also, u have failed vigorously in ur attempt to lump d $1b of 2018 with this new $1.5b as one and d same. This is because both funds don't come from d same source.

D only thing u are good at is insults which in no way validates what u are saying. U don't have to insult b4 u make ur points except u don't have any points to make, which in this case u don't.

U making reference to PDP. PDP has come and gone. Ajaokuta is now under d supervision of d buhari administration not PDP. So pls be focused

u are a good man sir

omohayek:

POSCO first tried to cope by diversifying away from steelmaking into unrelated businesses like trading and energy, but that strategy didn't work. Now the company is moving upmarket by concentrating on specialized types of steel for more demanding customers like carmakers; since POSCO can't beat the Chinese in more mainstream varieties of steel, it's also decided to team up with them, by tying up with companies like HBIS in joint ventures.

https://www.just-auto.com/news/posco-joins-forces-with-chinas-hbis-in-high-end-auto-steel_id192570.aspx

All the cheerleaders for Ajaokuta on here are utterly deluded, ignorant of both economic realities and the project's 40+ years of utter failure. As Ajaokuta was based on outmoded Soviet technology, it was already obsolete at the time it was supposed to be handed over in 1982; is it now, when even the most modern Russian designs can't even dream of competing with China, that Ajaokuta is suddenly supposed to become a self-financing production wonder?

The most senseless thing about all of this is that steel isn't even a high-margin business. People with sense would realize that the future lies with more knowledge-intensive fields like software, machine-learning, biotechnology, etc., and that all the money being poured into useless white elephants like Ajaokuta and the refineries that are perpetually in "turn around maintenance" would be far better spent investing in higher-quality universal education for Nigeria's rapidly expanding youthful population (and on family planning for their overly fecund parents). But that would be hard work requiring a long-term effort, and with no new shiny plants or buildings for illiterates to gawk at, so neither the ignorant Nigerian masses nor their equally ignorant political leaders take an interest - not even when the advice is coming from someone like Bill Gates!

and you think you have written something reasonable here. The thing is that most of you think you know whereas you are empty upstairs. Nonsense

We can build a new steel plant with new and latest technology from scratch for less so why waste money on this old relic with ancient technology and steel making process?.

I know it's painful, sell this thing off and move on.

sunshine1974:
u are a good man sir

Tnx

uchelouis45:
They need to redesign and build it from scratch once again. Ajaokuta was designed to fail

I am an Engineer. Take it from me that this your post is nonsense.
If they fire the blast furnace of Ajaokuta more than 16 products will fine out. In fact Gas Producers Nigeria Ltd had their plant ready and waiting before Ajaokuta had reached 40%. Railway tracks, slag for roads, foundry products, steel, steel alloys and about six different types of gases are some of the products of the plant

NGpatriot:
We can build a new steel plant with new and latest technology from scratch for less so why waste money on this old relic with ancient technology and steel making process?.

I know it's painful, sell this thing off and move on.

The phrase "new technology steel plant" is meaningless. Steel itself is old technology. The only reason the project is costing another $1.5b is because some new equipment based on new technology is being brought in.

sunshine1974:
are u sure u are not the cursed one here?

Mentality of animals like you is the reason the country is like this. You and your leaders has the same idiotic mentality.

Jimi24:


I am an Engineer. Take it from me that this your post is nonsense.
If they fire the blast furnace of Ajaokuta more than 16 products will fine out. In fact Gas Producers Nigeria Ltd had their plant ready and waiting before Ajaokuta had reached 40%. Railway tracks, slag for roads, foundry products, steel, steel alloys and about six different types of gases are some of the products of the plant

Hmm. I studied Materials and Metallurgical engineering. My H.O.D was a student at Russia when Ajaokuta was being built. The Federal Government (Shagari) had sent some students to Russia for studies because of that plant. It was between US and Russia. Russia initially had the contract but somehow, the US took hold of it and deceived us. The blast furnace is not meant for Nigeria's kind of Iron Ore. That was the first mistake. That's why Ajaokuta cannot be completed. Why is it being handed over to Russians today? Do you know Ajaokuta Steel Complex was supposed to be at Onitsha so that coal from Enugu will be transported by rail and there after finished products will be shipped to the world through River Niger. But the Northen Oligarchs said No, why would such a huge complex be on biafra land. Hence to compensate the Igbos, Metallurgical Training Institute was established at Onitsha. For Ajaokuta to work, that blast furnace has to be changed and that would require the complex to be rebuilt from scratch. And I've read the news, its not the entire plant, its just the rolling mill.

Finally, do you know that during Babangida's regime, Mercedes Benz visited Annamco at Enugu to upgrade the plant to produce other mercedes benz products apart from trucks and buses. Babangida said no, a new plant should be cited at Minna his hometown. Sensing that the location won't be economically viable for their business, they left.

CyberWolf:
Mentality of animals like you is the reason the country is like this. You and your leaders has the same idiotic mentality.

you are nothing but a low wattage minion. Idiot!!! Mention me again and thunder will strike u dead.

meum:
Good

Nice

I cannot doubt this because buhari is involved. He doesn't venture into anything that is being done with ojoro.

Jimi24:


The phrase "new technology steel plant" is meaningless. Steel itself is old technology. The only reason the project is costing another $1.5b is because some new equipment based on new technology is being brought in.

New plant technology steel plant is meaningless, but they are spending $1.5 billion on new technology?

You are not making any sense.

[s]

NGpatriot:


New plant technology steel plant is meaningless, but they are spending $1.5 billion on new technology?

You are not making any sense.

[/s]

FemiMaduka:
In Ajaokuta, literally or metaphorically, lies our industrial and technological breakthrough. Metallurgy is a strategic sector in every developed economy.

In the early eras, if a nation conquered another nation and wanted to make sure that the conquered nation remains subjugated under its vassalage, IT IMMEDIATELY BANISHES THE PROFESSION OF BLACKSMITHING. It hasn't changed much even in this 21st century.

Ajaokuta remains the biggest industrial complex in the whole of the subregion (W.A.); its misery is indeed our misery. If we were a people 'blessed' with strategy, we wouldn't eat our next bread till that plant (or another of its kind) starts running.

We are heating up the wrong 'furnace'—the oven.

dalass:


The Western world knows this, so I'm not pessimistic here, but kolework! Why? Until we can fix such things ourselves, no hope!
These monies just go down the drains....
Too bad our engineers are not trained well enough to fix our ailing technology.. We always have to go countries that don't speak English. All their manuals etc will be useless once they leave...all will still be moribund... Our refineries are great examples..

Chief, this has nothing to do with the Western world, aren't they partners in the largest industrial complex in West Africa Bonny Island LNG. The West, Chineses and Indian are major partners in the development and funding of the Lekki FTZ , West Africa first deepsea port, modern factories and the largest refinery in Africa.

Some of the funding for the $1.5 billion investment will come from Western banks.

It's imperative that Nigerian move away from the victim culture and focus on the real reason why Ajaokuta is not a viable proposition, which is the lack of management capabilities and good governance, without these two important attributes, Ajaokuta will be another Aluminium Smelter Company of Nigeria (ALSCON), which despite $3.5 billion investment and the latest in Aluminium technology from USA, had to be sold to the Russian for less than $200 million. Till this day Nigeria has yet to produce a single ingot from the ALSCON plant.

sunshine1974:
you are nothing but a low wattage minion. Idiot!!! Mention me again and thunder will strike u dead.

you’re such a lowlife sycophantic idiot feeling too important.

contigiency:
I cannot doubt this because buhari is involved. He doesn't venture into anything that is being done with ojoro.

But he promised in 2015 that d refineries will be up and running by 2016. Later he shifted it to 2017. Then 2018 and lastly 2019. This is 2020, yet no refineries. Is that not ojoro?

CyberWolf:
you’re such a lowlife sycophantic idiot feeling too important.

I don't blame you, it's internet that gave you the opportunity to hide behind your keypad typing nonsense.

sulaak:




Chief, this has nothing to do with the Western world, aren't they partners in the largest industrial complex in West Africa Bonny Island LNG. The West, Chineses and Indian are major partners in the development and funding of the Lekki FTZ , West Africa first deepsea port, modern factories and the largest refinery in Africa.

Some of the funding for the $1.5 billion investment will come from Western banks.

It's imperative that Nigerian move away from the victim culture and focus on the real reason why Ajaokuta is not a viable proposition, which is the lack of management capabilities and good governance, without these two important attributes, Ajaokuta will be another Aluminium Smelter Company of Nigeria (ALSCON), which despite $3.5 billion investment and the latest in Aluminium technology from USA, had to be sold to the Russian for less than $200 million. Till this day Nigeria has yet to produce a single ingot from the ALSCON plant.

Exactly!

The Chinese developed their own technology.

The Western world always plan and look into the future. Their aim is to keep Africa and Africans in continuous darkness. Our leaders have their own part to play but until we develop our own. Ajaokuta was given to these people before but all they did was to sell off many assets and recoup with profits the money they invested...

Same thing is happening to PHCN, it was given to these people but as you can see, energy supply is as bad as ever

Anytime they partner with you, they want the lion share and leave you with crumbs...eg...no one knows how many barrels of oil is produced.. Nigerians can no longer enjoy any increase in oil price increase. Even Buhari who claimed nothing like subsidy is paying heavily now...
Check all over the African continent, their activities including robbing us to develop themselves and selling firearms to finish ourselves off...

I even saw an undercover agent who had been used to "inoculate" blacks with HIV... They have never liked us and they never will

sunshine1974:
I don't blame you, it's internet that gave you the opportunity to hide behind your keypad typing nonsense.

Get the fvck off my mention this sick animal.

Ajaokuta steel has been revived since I was born, it is still being revived everyday... It has never produced one metal since I was born... Who r de fooling

uchelouis45:
Hmm. I studied Materials and Metallurgical engineering. My H.O.D was a student at Russia when Ajaokuta was being built. The Federal Government (Shagari) had sent some students to Russia for studies because of that plant. It was between US and Russia. Russia initially had the contract but somehow, the US took hold of it and deceived us. The blast furnace is not meant for Nigeria's kind of Iron Ore. That was the first mistake. That's why Ajaokuta cannot be completed. Why is it being handed over to Russians today? Do you know Ajaokuta Steel Complex was supposed to be at Onitsha so that coal from Enugu will be transported by rail and there after finished products will be shipped to the world through River Niger. But the Northen Oligarchs said No, why would such a huge complex be on biafra land. Hence to compensate the Igbos, Metallurgical Training Institute was established at Onitsha. For Ajaokuta to work, that blast furnace has to be changed and that would require the complex to be rebuilt from scratch. And I've read the news, its not the entire plant, its just the rolling mill.

Finally, do you know that during Babangida's regime, Mercedes Benz visited Annamco at Enugu to upgrade the plant to produce other mercedes benz products apart from trucks and buses. Babangida said no, a new plant should be cited at Minna his hometown. Sensing that the location won't be economically viable for their business, they left.

Good day sir.

yusman14:
Good day sir.

Hi, good day.

uchelouis45:
Hi, good day.

yeah..I read one of your old Post..
I am a materials science and engineering student..I will like to have your WhatsApp number

wasuka14:
I tot GEJ administration revive this moribond steel company?? What do dey commission that time?

Same way the drunk commissioned 2nd Niger Bridge on the drawing board.

So there is no hope for ajaokuta to function again....what a country...

yusman14:
yeah..I read one of your old Post..
I am a materials science and engineering student..I will like to have your WhatsApp number

Ok. What school and what level?

uchelouis45:
Ok. What school and what level?

OAU 300level sir

wasuka14:
I tot GEJ administration revive this moribond steel company?? What do dey commission that time?

Jonathan's own was Audio reviving.