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Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date (16489 Views)

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Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by opportunes: 6:32am On Jan 15, 2020
The Ajaokuta Steel Company will begin full production in 2022 as the Russian Government, through the Russian Export Centre and the Africa Export-Import Bank (Afreximbank), is expected to commit $1.465bn to the moribund steel company’s revitalization, the Minister of Mines and Steel, Olamilekan Adegbite, has said.

Adegbite said the Federal Government was expected to sign a Memorandum of Understanding with Russia along with the two organizations – Russian Export Centre and Afrexim bank – by the end of this month. While Afreximbank would provide $1bn, the Russian Export Centre would make $460m available to complete the long moribund project in the next two years.

The minister, who disclosed this in Lagos yesterday at an interactive session with journalists on the developments in the mines and steel sector of the economy, said the Ajaokuta steel was between 95 and 98 per cent completion.
https://www.dailytrust.com.ng/ajaokuta-steel-to-gulp-1-5bn-gets-2022-completion-date.html

10 Likes 3 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by meum: 6:35am On Jan 15, 2020
Good

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Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Nobody: 7:17am On Jan 15, 2020
2022? close to another campaign to scam Nigerians

17 Likes

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Timekeeper: 7:18am On Jan 15, 2020
To all haters:


AS you take hate this guy for doing notin wrong, naso them to hate u too ooo.
What's the big deal in supporting apc and buhari, yet some people gave a bounty to catch him and beat him.. Wtf are you guys mad?
Everyone get their choice, u don't threaten someone bcox of his choice of person.

If you hate all bcox he support buhari, u will get such hate in ur life too.. Some people just insult the guy for doing notin wrong...
It's unfair


Back to the topic

If Ajaokuta steel complete by 2022 or so, make nairaland wind up... Seun take note.

Oya , make we sing for this guys

Our role Model: Igbolabi figbo foyin

Egbami, Awon omo naija fe f’idi pami, (won fe fi idi pami)
Eesss control the crowd, control the crown
Marlians come forward, the rest Bleep off
O yeee
Yo Rexxie! on this one
Verse 1
Eeee egbami, Awon omo naija won fe fi idi pami (won fe fi idi pami)
Nigbami ti’n ba shi Insta (IG) idi ma ni (idi ma ni)
Idi araba, idi oro, idi abajo, idi arere, Idi ganlebe, idimu
Gbe’di jor t’ani idi ofo (t’ani idi ofo)
Ah! E ni sun
Ma lo te idi gbabe nipple, (gbabe nipple)
Ye oh baby, ma’sa gbori duro yo’di fun (yo’di fun)
Won tin settle e
Abu Abel ti settle e, (settle e)
Samuel Larry ti settle e, (settle e)
Baddosneh ti settle e (settle e)
Inside life, ninu aye rayierayie, (aye rayie)
Aye tun ya to s’aye
K’Oloun ma je ka r’ija aye, (ka r’ija aye)
Ninu aye, aye tun je’ju aye
Shey e r’oju aye, mo r’aye mo sa fu’aye

20 Likes 4 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by FemiMaduka(m): 7:18am On Jan 15, 2020
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.

15 Likes

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Blindersoff: 7:18am On Jan 15, 2020
Baba Buhari idi too much. Ezigbo Presido.

This is great news.

Everybody Praaaaiiisssseee the Loorrd!!!

Wailers ntooor!
PDP ntooor!

We are going higher.

Haters of Nigeria ntooor

Abeg Buhari is the man of the year already right from January

grin grin

15 Likes 4 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by wasuka14(m): 7:19am On Jan 15, 2020
I tot GEJ administration revive this moribond steel company?? What do dey commission that time?

3 Likes 2 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Ustec: 7:19am On Jan 15, 2020
OBJ made a lot of noise back then too,
I believe Baba will finally do something about it.
The problem back then was that all those money that were suppose to revive those companies are being embezzled.,
Yet they don't want to borrow to revive the companies.
Buhari is setting a good standard, whoever succeeds him should follow on in his path,else trouble awaits he/she,cos people are now much more enlightened and interested in what is going on in government,unlike before.

16 Likes 5 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by frubben(m): 7:19am On Jan 15, 2020
We hear
Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by thundafire: 7:20am On Jan 15, 2020
They have started again 2022 will arrive dey will give another excuse Election is getting closer then wat about the road or is it not important too
Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by WorldRichest: 7:20am On Jan 15, 2020
Thank God for sending us a Messiah would Major General Muhammadu Buhari

9 Likes 2 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by babzo(m): 7:20am On Jan 15, 2020
So now they need another N500 billion to complete it? What are they going to manufacture here? Tablets to extend life by 100 years or syrup to cure madness?
Ajaokuta is the biggest single project scam in the history of Nigeria.
I remember how Bola Ige exposed their practice of giving N2 million ( then about $20,000) to the over seeing Federal Minister each time he paid a visit there. It had been happening for decades and no one exposed it until Bola Ige paid a visit in 1999 as the then Minister of Mines and Power.

13 Likes

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by uchelouis45(m): 7:20am On Jan 15, 2020
They need to redesign and build it from scratch once again. Ajaokuta was designed to fail

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Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Jakpon: 7:20am On Jan 15, 2020
yahoooooooooo

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Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by 9jayes: 7:21am On Jan 15, 2020
Too much money
Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by bsolushola82: 7:21am On Jan 15, 2020
Another one chance for Nigerians,, $1.5 billion? Hey I am not understanding ooo

2 Likes 1 Share

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Nobody: 7:21am On Jan 15, 2020
Lets just nuke that place biko

2 Likes

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by WorldRichest: 7:21am On Jan 15, 2020
wasuka14:
I tot GEJ administration revive this moribond steel company?? What do dey commission that time?

Same way Goatluck Jonathan commissioned the 2nd Niger Bridge on the drawing board

11 Likes 3 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by GOFRONT(m): 7:21am On Jan 15, 2020
This white elephant project again..

3 Likes

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Niyil: 7:22am On Jan 15, 2020
Since Russia is involved, I believe it will work out this time around.

3 Likes 1 Share

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by nairalee(m): 7:22am On Jan 15, 2020
This same Ajaokuta steel? Even if we're to construct heaven it wouldn't take so much time and money. Come 2021 we go hear another super story

4 Likes

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by luluosas(m): 7:22am On Jan 15, 2020
Russians comes to mind
Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Blindersoff: 7:22am On Jan 15, 2020
wasuka14:
I tot GEJ administration revive this moribond steel company?? What do dey commission that time?

GEJ and Ajaokuta should not be mentioned side by side.

If anything they looted the monies after commissioning

Na their Hero

5 Likes 1 Share

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by WorldRichest: 7:22am On Jan 15, 2020
thundafire:
They have started again 2022 will arrive dey will give another excuse Election is getting closer then wat about the road or is it not important too

Check Lagos-Ibadan expressway, also check Lagos-Abeokuta-Ibadan railway, Buhari has almost completed them.

12 Likes 3 Shares

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Humphrizy(m): 7:23am On Jan 15, 2020
Ok....fingers crossed.. Let's see as e go take go.. Best wishes thoo.

Kindly whatsapp or call 0"8"0'9215"19"5'9 if you need Pure original Unadulterated Honey... Thanks

1 Like

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by LANDLORD72: 7:23am On Jan 15, 2020
What happen to vision 2020 10 years ago? I don't trust this government.
Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by dinocy(m): 7:25am On Jan 15, 2020
98% complete yet they still need $1.460b ?
How much to build new one from scratch ?

2 Likes

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Toflez(m): 7:25am On Jan 15, 2020
scam

1 Like 1 Share

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by OakConsultNG: 7:26am On Jan 15, 2020
Hopefully, it gets to work this time around..


Meanwhile, register your Business, Church and Company with the CAC at discounted prices. Check our signature and page for more details.

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2 Likes 1 Share

Re: Ajaokuta Steel To Gulp $1.5 Billion, Gets 2022 Completion Date by Orissodiq: 7:28am On Jan 15, 2020
Seriously intern of infrastructural development d president is trying compare to all d past administrations . Nigeria will be better if we start to hold our senator in our constituency, governor in our state, etc responsible for some issues.. Y must it be president only? 98% of our blames are always on him then what is the function and meaning of the money they are collecting. Look around and tell the major projects that SENATOR in ur constituency has done or is doing? Then what hell is the function of all the money they are receiving and claiming to be serving us. Don't talk of wheelbarrow distribution or grinding machines as development project o. If we cannot blame them or they are not of any function then we should scrap them and use dia giant salaries for country development and centralise power to presidency only then we can hold him to cross for our problems.

11 Likes 6 Shares

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