The looks unprofessional. Looks though, but you'll know them by their look..thief thief

rhames:


That's not the issue. The real reason was the Americans frustrated the Russians from that project by not funding it through the IMF and World Bank and threatened the Nigeria government. Six months later, Gen Buhari came to power

That’s what they told you on paper. I’m telling you what I heard from one of the committee members that was present when the Russians gave their report . During Goodluck’s tenure, I asked him again, he laughed and said, it’s just to siphon money. He even made a promise to me, that if it ever works he would ….. This is 2023, still same old story.

bdon123:

Its a way to siphon money.

💯

Faiththatworks:
Any serious government should know that Ajaokuta is the most useless project ever created by the Nigerian state and if they are serious,they will wash their hands off that unproductive whale of a project
The Russians,Chinese, Americans and even lately the Indians have all at once time or the other cashed out big using that white elephant project

There are two realistic options before this government:
1) Call in all this scrap metals company to come and buy off the place
2) Turn the place into an Agricultural industrial Hub where cash crops like millet,wheat,cassave,legumes, vegetables can be grown and exported
At least for once it would have been used for a productive venture

Lmao

How about using the N15B earmarked for Vice Presidents residence renovation, to start with?

Hmmm .... how can one kill businesses and revive them at the same time?

Kayode Fayemi Squandered billions in that sector when he was Minister for Mines and steel under Buhari and left with so many ‘unfulfilled promises to revive Ajaokuta’

treesun:


https://punchng.com/fg-seeks-n35bn-to-revive-ajaokuta-steel-company/

35billion? Easy. Threaten Emefiele again. Breath down his neck and press him very well. He will cough up another 4trillion naira. Take your 35billion from that.

jackie111:
All the states should donate or invest 1 billion naira towards reviving the place and all of them become partners or stakeholders or something.

States that are already having trouble repaying their debts and simultaneously providing government services and utilities?

The steel industry needs to be privatised and deregulated as PDP successfully did to NITEL and the telecom sector as well as the petrochemical plants of NNPC in Eleme, Rivers State. Unfortunately, the pseudo progressive/socialist party of Buhari and Tinubu can’t and won’t privatise it, hence the looting continues.

PHAYOL81:
Wouldn't it be wise to lease it out to indigenous investors under a RepairOperateMaintain&Transfer PPP policy to enable its smooth transformation, operation and contribution to the development of the economy WITHOUT THE HEADACHE OF SUSTAINANCE and MAINTENANCE that will be occasioned via the FG ownership？

We voted this FG on a platform of socialism/progressive politics, so how do you expect them to privatise and deregulate the economy?

Useless obsolete plant, bunch of thieves trying to cash out again. No wonder this clown was prostrating during the ministerial swearing in.

this one na BIG TIME FRAUD wey no wan die at all

but they sold it to indian businessmen. what's the problem ?

PHAYOL81:
Wouldn't it be wise to lease it out to indigenous investors under a RepairOperateMaintain&Transfer PPP policy to enable its smooth transformation, operation and contribution to the development of the economy WITHOUT THE HEADACHE OF SUSTAINANCE and MAINTENANCE that will be occasioned via the FG ownership？

SharingIsLife:
What about the panel set up three years ago by the Federal Government to revive the same Ajaokuta plant?

https://www.icrc.gov.ng/fg-sets-up-panel-to-revive-ajaokuta-steel-plant-2/

What was the outcome of the panel set up three years ago. We are not serious in this country.

TrumpDonald2:
Waiting for FreeStuffsNG to come and tell us how the proposed revival will attract foreign investment and increase IGR 😂😂😂😂

😆 🤣 😂 🤣

rhames:


That's not the issue. The real reason was the Americans frustrated the Russians from that project by not funding it through the IMF and World Bank and threatened the Nigeria government. Six months later, Gen Buhari came to power

Read the comment again it was during babangida era when he attempted reviving it

Oops! How did Atiku missed this one during OBJ./Atiku Show?

Abubutan: a project that keeps on giving and creating billionaires under every Government.

KingKO22:
Ajaokuta like refinery
We wasting unnecessary fund on servicing or rehabilitating unproductive projects even a blind or deaf should not be deceived to this level


Stwupid govt

...is better for the government to sell out the ajaokuta steel company to a the private sector to buy and operate and run it

It's better to sell the ajaokuta steel company to the private sector to operate and run the company or look for an investor to invest in the company and operate and run it

Sizwezi:
Not again ! The Russian company that was called during Babaginda’s era , already told us our steel is not viable. They have said nothing can be done, but every government after that, wants to keep reviving ! Another billions to be wasted . SMH

Where did you read that?

We know we need steel and power for industrialization, but we can't seem to get anyone working.

Buhari though...

thinkmoney:

Who they dey deceive? So ordinary 35bn can revive that company that can benefit directly 5thousand people and you are using 20bn to build one useless house for one useless assistant officer like that?

Sad situation!

Irony1:


Read the comment again it was during babangida era when he attempted reviving it

Before the IBB era There was an attempt. Go to YouTube and find hon. Natasha Akpoti presentation to the house of reps some year ago.

sengor:
Buhari's administration failed to do that in 8 years after so much funding

I read on article years back where it was claimed that Clinton's government said that Nigeria cannot be allowed to operate both steel and crude oil at the same time.
Nigeria can never have a working refinery or a working steel mill.
Wish all you like,at most politicians are permitted to use ajaokuta and nnpc as excuse to siphone billions but they will never really work.
The USA and UK do not approve of such .

Sizwezi:
Not again ! The Russian company that was called during Babaginda’s era , already told us our steel is not viable. They have said nothing can be done, but every government after that, wants to keep reviving ! Another billions to be wasted . SMH

the Russians agree with Americans and British that a third world country cannot be allowed to run steel and crude at the same time.
That is why they made that bogus statement that it's not viable.
There is no good white man

Borrow money to repair something that as never worked before?

Amazing 😍

immortalcrown:
If the revival costs ₦35b, how much will build another one from scratch?

No be dat one dey vex me pass. Dem go just repaint the decayed machines, then carry the money chop.

Na every tenure dem dey allocate money for the revival. Even if na Lazarus, e suppose don wake up.

The light mill is the only section worth revitalising, along with the electricity generation infrastructure. The blast furnace is way obsolete, and stripping of assets by the Indians Obasanjo concessioned the place to doesn't leave much hope that anything can be salvaged. The massive civil service bureaucracy should be sent home. Enough of collecting salaries for doing nothing. Let the rolling mill be activated to feed subsidiary steel spin-off industrial activities. The white elephant should be laid to rest.

immortalcrown:
If the revival costs ₦35b, how much will build another one from scratch?

No be dat one dey vex me pass. Dem go just repaint the decayed machines, then carry the money chop.

Na every tenure dem dey allocate money for the revival. Even if na Lazarus, e suppose don wake up.

35bn in NGN is less than 35m in USD. In what sane country can you use less than 500m to 1 Bn dollars to build something like Ajaokuta? Una go just open mouth waaaaaaa

another format loading, even you pump 100b into it the result will be zero, those chriminals in aso rock got over 2k formats. waitng for tinubu to fix nigeria is like eaiting for nigeria breakup. when people where told to eschew tribe follow who knw road some tribe claim prefer bandits to petty thief.

Another round of embezzlement about to kick off...

googi:
Oops! How did Atiku missed this one during OBJ./Atiku Show?

Abubutan: a project that keeps on giving and creating billionaires under every Government.

For Atiku to have abandoned it means money no dey the thing. China and India get more than enough cheap steel wey dem dey try sell. No way Naija steel can compete…