SIRTee15:


What u wrote in the first paragraph is at best ludicrous, pls go and read about import substitution industrialization and strong barrier on imports by east asian nations in the 20th century..............then u will know why countries with the least protectionist measures for local production are the least industrialized.

Pls, go through wallie's post on this thread, the guy really said a lot on this subject.
Production of steel is more of strategic importance to a nation than economic viability.
No steel production, no industrialization, its as simple as that.
Clemzo101 said something like ajaokuta can be automated and besides the technology isn't outdated......
But if for argument sake, we should accept the report on ajaokuta, what about the steel mill in aladja and osogbo that were built recently yet presently comatose.
Production of steel anywhere in the world comes with challenges and it only takes strong willed and determined leaders to get it going, something our leaders lack.
The report submitted to NOI is the same report IMF had been parroting over the last 30 years since the creation of ajaokuta...........so it's nothing new.
They even discouraged us from starting............the reason the contract went to the Russians.
They claim our iron ore is too dirty, thus not ideal for steel production..........but I think that can be easily circumvented by importing from neighboring congo, south africa, or guinea.........rather than killing the noble project.
Since she claimed diversification is inevitable, if nigeria is to emerge as a strong economy, what NOI should have done as the cordinating minister in the previous govt., was to come up with a new and detailed blueprint on steel revitalization in this country(just like they did for PHCN)..........something she never bothered about truout her stay in office.

thank u jare, u wrote well......1billion likes.........okonjo was minister under two presidents and I still cant get any big thing she did.....being a government rep day negotiated d cancellation of the Paris debt is not a big deal jare.....inside Nigeria I didn't see anything or policy she championed dat bettered d lives of ordinary Nigerians, rada dey were busy sharing money......mtchewwwww

-i guess noi also writeoff aluminium smelting company at ikot abasi too?
i took time n read the whole story, no point where she did all the unimaginable n she is being persecuted sharpaly.
am asking was ajoakuta steel mill working when gej came into power?
the objs n abachas rubbished that steel mill just like they did to alscon at ikot abasi, selling our properties to copanies who have little or no ideas abt steel plants.
yaradua came n revoke the privatised deal before he died. fg were looking for a new firm that undastand biznez, u guys go dey one corner dey talk rubbish!
if after 4yrs that steel plant isnt revived with buhari at he top then i dont knw who d abokis will blame!

clemzo101:
u must be one of dos dat ate from Jonathan govt, don't worry even if u are not caught, dos gains will waste away somehow......how can u be defending Jonathan and NOI despite all the obvious evidences. Weds I like it or not Jonathan killed dis country, wherever he is now he shld be filled with regrets, sharing tax payers money to friends and allies without ignominy, its a shame. GEJ govt never tried building any steel coy oga. Even if the steel mill is not active, the list that cld ve happened is allowing each of the sub sections function......the rolling mills, the power plant, oxygen plant, power equipment repair shops, chemical shop, central mentainance just to mention a few......the last I heard is dat dis various sections still collect contracts from big companies...,so many brains dere, so many experienced engineers, and u come here to write trash about Ajaokuta......even if govt isn't interested I steel let d oda departments function at full capacity. The place is too big to be abandoned.

let's pretend you're right and I ate money does it still make my analysis a lie? I know in your eagerness to villify NOI & GEJ anything & everything becomes fair game, yes when I spoke, I spoke against a tide of propaganda brainwashed ignoramus(es) who were swallowing everything hook, line and sinker and the propaganda machine fighting back through you amongst others isn't unexpected but back to the substance of the argument, who're you fooling? will the revamping of any of those sections equate the facility into a functional steel plant? what effing contracts are you claiming they receive? and will the receipt of any of these phantom contracts make any subsection of the facility self sufficient without needing the government to foot the bill for maintenance and pay salaries and other remunerations to the workers? look stop spewing your garbage propaganda as you'll have an impossible task selling it to me look for some gullible sheeple to sell it to as you'll notice they are in abundance on nairaland. in my analysis I not only criticised the write up, I also gave my reason and proffered a solution as we all agree that Nigeria should be producing its own steel, its curious that you didn't say anything about my proffered solution because selling the revamping ajaokuta crappy idea gives you an unfair loophole ay criticizing NOI & GEJ while giving your party an avenue to embezzle and/or waste public funds on another ultimately futile project like the lake chad basin explorations

Wallie:


The highlighted is EXACTLY the point lost on a lot of people. It is true that there are immediate benefits to cheaper products but at what long-term costs? Why do you think our manufacturing industry is comatose? We are a decade or two away from competing head-to-head with developed countries when it comes to manufacturing. They will almost always produce cheaper goods than we can manufacture locally, especially when the goods are sourced from Asia. However, simply throwing open our boarders is what got us to where we are today with the high unsustainable unemployment rate! We are lucky enough to have the population to consume and somewhat of a middle class to buy most goods but we are wholly inefficient when it comes to manufacturing due to production costs and lack of technology.

However, every planned country has a multitude of industries that they protect from competition either through tariffs, quotas, subsidies, and/or laws. Some things are just so important to a country’s vital interest that they are done locally even though it would have been cheaper to produce outside. I know for a fact that the US protects the following industries from external competition: defense, agriculture, oil and gas, and some technologies.

Something has to give as there is no free lunch! If we want large scale employment, we will have to manufacture more and import less. There are no two ways about it unless we become a service-based economy, which is not currently feasible because we lack the knowledge. Right now, for every ton of steel we buy, we are employing workers and enriching companies in China that mine for iron ores, manufacture steel, and transport steel. And this is just ONE industry! Any wonder why we have no foreign exchange!

By the way, I do believe that there’s not a single steel mill in Africa even though South Africa has proven iron ore reserves!

I agree with you that we need local and preferably indigenously owned steel foundaries to give our manufacturing sector a jolt of life but frankly speaking, ajaokuta and aladja as they exist today, are not the answers as not only will the government need to protect them from competition, they'll also need to subsidize their operations, raw materials and finished products, and we are not buoyant enough an economy to be able to afford that at this point in time and in the nearest foreseeable future, so ppp new foundaries are our solution and the earlier we put effort into that, the better

BraniacX:


I agree with you that we need local and preferably indigenously owned steel foundaries to give our manufacturing sector a jolt of life but frankly speaking, ajaokuta and aladja as they exist today, are not the answers as not only will the government need to protect them from competition, they'll also need to subsidize their operations, raw materials and finished products, and we are not buoyant enough an economy to be able to afford that at this point in time and in the nearest foreseeable future, so ppp new foundaries are our solution and the earlier we put effort into that, the better

I hope u know building new steel plants cost billions of dollars........
And if u're thinking of private investment........sorry, but the present global steel glut doesn't make steel business a profitable venture to warrant such huge investment for now.
There's nothing wrong with the 5 steel mills in this country: ajaokuta, aladja, jos, katsina and osogbo.
All they need is modern facility upgrade, regular maintenance and strong political will to make them work.
The ukranians we are inviting to help us maintain our steel plants has 100 years old steel foundaries still functioning.
Forget IMF, they said the same thing to Egypt and Pakistan, yet these 2 countries are steel producers.
Even if we build new plants, we still need to protect them from chinese cheap steel and people should forget about profit making from local steel production.......that's not just possible for now.

BraniacX:



let's pretend you're right and I ate money does it still make my analysis a lie? I know in your eagerness to villify NOI & GEJ anything & everything becomes fair game, yes when I spoke, I spoke against a tide of propaganda brainwashed ignoramus(es) who were swallowing everything hook, line and sinker and the propaganda machine fighting back through you amongst others isn't unexpected but back to the substance of the argument, who're you fooling? will the revamping of any of those sections equate the facility into a functional steel plant? what effing contracts are you claiming they receive? and will the receipt of any of these phantom contracts make any subsection of the facility self sufficient without needing the government to foot the bill for maintenance and pay salaries and other remunerations to the workers? look stop spewing your garbage propaganda as you'll have an impossible task selling it to me look for some gullible sheeple to sell it to as you'll notice they are in abundance on nairaland. in my analysis I not only criticised the write up, I also gave my reason and proffered a solution as we all agree that Nigeria should be producing its own steel, its curious that you didn't say anything about my proffered solution because selling the revamping ajaokuta crappy idea gives you an unfair loophole ay criticizing NOI & GEJ while giving your party an avenue to embezzle and/or waste public funds on another ultimately futile project like the lake chad basin explorations

ur epistle make me laugh.for the records, I'm not APC, I use to be more PDP Dan u are. But I'm not of the skool of thought dat sticks to a politician even when he's obviously performing badly. I support Buhati today in all he's doing because I see dat he's sincere in trying to bring back the lost glory of Nigeria. But i can assure u dat as soon as he derails I will be d first to criticize him. Weda u like it or not.......Jonathan wasted 6yrs, he under achieved, dat was d main reason he was defeated squarely. NOI contributed to Jonathan's failure. Ajaokuta must work, nothing u or anybody can do about it......all dats needed is a strong political will, Oga Buhari has it......so my hopes are high for the place, one day it will bcom the pride of the nation. Peace out

BraniacX:


I agree with you that we need local and preferably indigenously owned steel foundaries to give our manufacturing sector a jolt of life but frankly speaking, ajaokuta and aladja as they exist today, are not the answers as not only will the government need to protect them from competition, they'll also need to subsidize their operations, raw materials and finished products, and we are not buoyant enough an economy to be able to afford that at this point in time and in the nearest foreseeable future, so ppp new foundaries are our solution and the earlier we put effort into that, the better

.....Y re u fighting against revamping Ajaokuta steel?.... what do u stand to gain?.....is Nigerian govt begging you for money?........u seem embittered at d thought of making Nigeria great........U MUST BE A CHINESE

hansad:


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

You are repeating and promoting World Bank and IMF dubious report that stalled completion of the project why?

plaetton:
It doesn't surprise me that every year when Waec releases exam results, English( comprehension) and math( critical thinking) are the most failed subjects.
5
Majority of NL commentators are my proof that English ( comprehension) and mathematics ( critical thinking) are skills our schools are woefully failing to teach.

Take for example, this silly thread and the headlines.

Anyone with a little common sense would read it and understand it for what it actually is: A poor piece of bad belle pretending to be journalism.

Let's address the issues put forward by this op.

The man in question, Mohamed Sanusi. Who is he , and what is his interest in Ajeokuta Steel ?

For those too young to know, I have been hearing of Ajeokuta Steel since the early 80s. It was supposed to be the engine for Nigerias industrialization.

But after, Shagari, BuHRI, Babangida, Abacha, Abdusalami, Obasanjo again, Yaradua and Billions of Dollars in IMF, World Bank, ADB loans as well as billions of Naira of Nigeria's oil Wealth, Ajeokuta Steel is on record as the biggest waste of money in human history.

It should interest you ignorant folks to know that a good sizable portion of Nigeria's external debt, the one that NOI and OBJ successfully negotiated to be written off, were loans taken for Ajeokuta Steel.
Selective amnesia, perhaps?

Now, during the tenure of Jonathan, the vultures were circling again, trying to convince GEJ and NOI to borrow even more billions of dollars to sink into that shithole.

She assembled a team to do the required due diligence.
The team of experts reported their findings that Ajeokuta Steel, unviable for more than 30yrs, did not qualify for more IMF and World Bank loans that would further encumber our economy for years to come.
It was as simple as that.

Anyone who cannot see this prudent action of the former finance minister is either among the vultures of Ajeokuta Steel or lacks the common sense and critical thinking skills to understand the issues.

Hold your peace.

Lobbish! I led a team that conducted a due diligence assessment of the company and one of our recommendation then was for the plant to bring its power plant back to life and sell power to PHCN to generate revenue which was partially implemented only for the World Bank 'experts' to come and request that the plant be privatised and handed over to an Indian Company GTA who ended up stripping the plant of vital materials and equipment.
The man also forgot to tell Nigerians the role played by Mallam El Rufai and BPE in partially privatizing the plant.

SIRTee15:


What u wrote in the first paragraph is at best ludicrous, pls go and read about import substitution industrialization and strong barrier on imports by east asian nations in the 20th century..............then u will know why countries with the least protectionist measures for local production are the least industrialized.

Pls, go through wallie's post on this thread, the guy really said a lot on this subject.
Production of steel is more of strategic importance to a nation than economic viability.
No steel production, no industrialization, its as simple as that.
Clemzo101 said something like ajaokuta can be automated and besides the technology isn't outdated......
But if for argument sake, we should accept the report on ajaokuta, what about the steel mill in aladja and osogbo that were built recently yet presently comatose.
Production of steel anywhere in the world comes with challenges and it only takes strong willed and determined leaders to get it going, something our leaders lack.
The report submitted to NOI is the same report IMF had been parroting over the last 30 years since the creation of ajaokuta...........so it's nothing new.
They even discouraged us from starting............the reason the contract went to the Russians.
They claim our iron ore is too dirty, thus not ideal for steel production..........but I think that can be easily circumvented by importing from neighboring congo, south africa, or guinea.........rather than killing the noble project.
Since she claimed diversification is inevitable, if nigeria is to emerge as a strong economy, what NOI should have done as the cordinating minister in the previous govt., was to come up with a new and detailed blueprint on steel revitalization in this country(just like they did for PHCN)..........something she never bothered about truout her stay in office.

I have a few simple questions for you from reading your post:

1) The biggest economy in the world, USA are not protectionist why?
2) Nigeria ignored IMF warning on the viability of Ajekouta and went to Russia, this is about 30 years after the facts and what is the outcome?
3)You want to "circumvent" by importing Iron Ore (sand and Iron) from South Africa, a country that has excellent steel companies. What is your rationale for proposing that Nigeria should waste money on importation of ore (sand and Iron) rather than refined less bulky steel from the same source?
4) For the steel companies at Aladja and Osogbo, what was the plan regarding feeding it, I mean in terms of raw material? Do you make such investment with the hope that Iron from scrap metal sellers would suffice? Nigeria unlike other advanced countries does not have enough recyclable metals for those companies to break even.

Guyman02:


Lobbish! I led a team that conducted a due diligence assessment of the company and one of our recommendation then was for the plant to bring its power plant back to life and sell power to PHCN to generate revenue which was partially implemented only for the World Bank 'experts' to come and request that the plant be privatised and handed over to an Indian Company GTA who ended up stripping the plant of vital materials and equipment.
The man also forgot to tell Nigerians the role played by Mallam El Rufai and BPE in partially privatizing the plant.

When did you do this due diligence report, and , in what way does it refute what I posted ?

In light of the 30 + yrs checkered history of Ajeokuta Steel, how did the actions of NOI constitute a sabotage of the economic interests of Nigeria?

code66:
.....Y re u fighting against revamping Ajaokuta steel?.... what do u stand to gain?.....is Nigerian govt begging you for money?........u seem embittered at d thought of making Nigeria great........U MUST BE A CHINESE

clemzo101:
ur epistle make me laugh.for the records, I'm not APC, I use to be more PDP Dan u are. But I'm not of the skool of thought dat sticks to a politician even when he's obviously performing badly. I support Buhati today in all he's doing because I see dat he's sincere in trying to bring back the lost glory of Nigeria. But i can assure u dat as soon as he derails I will be d first to criticize him. Weda u like it or not.......Jonathan wasted 6yrs, he under achieved, dat was d main reason he was defeated squarely. NOI contributed to Jonathan's failure. Ajaokuta must work, nothing u or anybody can do about it......all dats needed is a strong political will, Oga Buhari has it......so my hopes are high for the place, one day it will bcom the pride of the nation. Peace out

if you're the best the APC propaganda factory can push foward on this topic, do yourselves a favour and swerve to the left, I have no interest in educating people who are either to thick or too brainwashed to fathom anything beyond their noses

funny how am being transformed from a PDP beneficiary to a Chinese saboteur all in one thread

SIRTee15:


I hope u know building new steel plants cost billions of dollars........
And if u're thinking of private investment........sorry, but the present global steel glut doesn't make steel business a profitable venture to warrant such huge investment for now.
There's nothing wrong with the 5 steel mills in this country: ajaokuta, aladja, jos, katsina and osogbo.
All they need is modern facility upgrade, regular maintenance and strong political will to make them work.
The ukranians we are inviting to help us maintain our steel plants has 100 years old steel foundaries still functioning.
Forget IMF, they said the same thing to Egypt and Pakistan, yet these 2 countries are steel producers.
Even if we build new plants, we still need to protect them from chinese cheap steel and people should forget about profit making from local steel production.......that's not just possible for now.

do a bit of research on this one, I think building a new foundry will be cheaper than revamping ajaokuta. billions($) has been expended on it in the past and it still remains a dump, I offer you no better argument than that.

openmine:

i guess after PMB received the IMF president very well,someone will be sent from the presidency to tell that talkative to shut his big mouth...

I guess so too.

sonnie10:


I have a few simple questions for you from reading your post:

1) The biggest economy in the world, USA are not protectionist why?
2) Nigeria ignored IMF warning on the viability of Ajekouta and went to Russia, this is about 30 years after the facts and what is the outcome?
3)You want to "circumvent" by importing Iron Ore (sand and Iron) from South Africa, a country that has excellent steel companies. What is your rationale for proposing that Nigeria should waste money on importation of ore (sand and Iron) rather than refined less bulky steel from the same source?
4) For the steel companies at Aladja and Osogbo, what was the plan regarding feeding it, I mean in terms of raw material? Do you make such investment with the hope that Iron from scrap metal sellers would suffice? Nigeria unlike other advanced countries does not have enough recyclable metals for those companies to break even.

which fucking IMF Warning are u talking about? Was the project allowed to be completed? Had it bin RUSSIA was allowed to complete d project Nigeria wld ve bin better Dan how it is now.....u just talk without sense.....had it bin the project was completed and not viable den u can spit the trash u are writing but the project wasn't completed how d fucck do u xpect an uncompleted project to work and be viable? U must be high on some osogbo weed

clemzo101:
which fucking IMF Warning are u talking about? Was the project allowed to be completed? Had it bin RUSSIA was allowed to complete d project Nigeria wld ve bin better Dan how it is now.....u just talk without sense.....had it bin the project was completed and not viable den u can spit the trash u are writing but the project wasn't completed how d fucck do u xpect an uncompleted project to work and be viable? U must be high on some osogbo weed

Who prevented Russia from completing the project? I put it as a challenge to you, name one incident in history were Russia was prevented to act by the West or anybody and they did not employ every available resource to proof the West wrong apart from this singular case of Ajeokuta project? That tells you how bad Ajeokuta project was.

sonnie10:


I have a few simple questions for you from reading your post:

1) The biggest economy in the world, USA are not protectionist why?

Why is the US not protectionist?

Check out the 2014 Global Enabling Trade Report Rankings. Why is the US ranked 15th if they truly practice free trade in EVERY industry?

1. Netherlands 6.0
2. Singapore 5.9
3. Hong Kong 5.5
4. New Zealand 5.2
5. Finland 5.2
6. United Kingdom 5.2
7. Switzerland 5.2
8. Chile 5.1
9. Sweden 5.1
10. Germany 5.1
11. Luxembourg 5.1
12. Norway 5.1
13. Japan 5.1
14. Canada 5.0
15. United States 5.0
16. United Arab Emirates 5.0
17. Denmark 5.0
18. Austria 4.9
19. Qatar 4.9
20. Belgium 4.9

https://en.wikipedia.org/wiki/Global_Enabling_Trade_Report


To answer your question more directly, the US preaches Free Trade because they manufacture way more than they consume and they can manufacture very efficiently. The only reason manufacturing shifted to China is because of their lower labor costs and non-existent/unenforced labor laws.

Like I said from the beginning of this thread, free trade only benefits those who have something to trade. When you manufacture nothing and fling open your borders, you become a dumping ground for other countries!

If we are going to open our borders, it should be for technology and knowledge transfer, which is something that will benefit us long term. How did you think most Asian countries got to where they are today? Think about it for a second. Why buy fish from you if I have the ocean in my backyard? I would be better off being taught how to catch the fish because once I become proficient, I no longer need to buy the fish from you!

Anyway, my time is up as this is becoming an exercise in futility!

sonnie10:


Who prevented Russia from completing the project? I put it as a challenge to you, name one incident in history were Russia was prevented to act by the West or anybody and they did not employ every available resource to proof the West wrong apart from this singular case of Ajeokuta project? That tells you how bad Ajeokuta project was.

so u want Dem to use their money to do it ba? Go and ask shagari oga and stop being too heady.....the political will was no longer dere wen shagari was chased out of office by buhari.....buhari wasn't interested in the project as he took office, I'm sure u can recall he stopped alot of project then in the name of corruption.....if shagari was allowed to finish his tenure Ajaokuta wld ve bin a done deal and producing.....TPE the origins coy that built Ajaokuta still showed interest in 2013 but ur clueless govt was not ready.....RUSSIA is and will always be ready to assist, all we need is a serious govt ready to work. The Indians made over 5billion just under 2 years running the power plant alone, a plant dat wasn't operational at full capacity, so wot happens if the plant was fully functional......even if the federal govt isn't interested un steel the sub sections can make mega money for this country.....so quite arguing. U are just and unrepentant hater of progress and backward individual. Don't quote me again pls.....if u are ready I will sponsor a fully paid excursion for u to visit Ajaokuta so u can see. I'm tired trying to put sense on ur head.

Dr Ngozi Okonjo Iweala did not connive with anyone to do such thing and she has said that several times. If SERAP are so convinced of any manipulation they should say the incidence with facts and evidence. If not they should jut stay quiet.

Wallie:


Why is the US not protectionist?

Check out the 2014 Global Enabling Trade Report Rankings. Why is the US ranked 15th if they truly practice free trade in EVERY industry?

1. Netherlands 6.0
2. Singapore 5.9
3. Hong Kong 5.5
4. New Zealand 5.2
5. Finland 5.2
6. United Kingdom 5.2
7. Switzerland 5.2
8. Chile 5.1
9. Sweden 5.1
10. Germany 5.1
11. Luxembourg 5.1
12. Norway 5.1
13. Japan 5.1
14. Canada 5.0
15. United States 5.0
16. United Arab Emirates 5.0
17. Denmark 5.0
18. Austria 4.9
19. Qatar 4.9
20. Belgium 4.9

https://en.wikipedia.org/wiki/Global_Enabling_Trade_Report


To answer your question more directly, the US preaches Free Trade because they manufacture way more than they consume and they can manufacture very efficiently. The only reason manufacturing shifted to China is because of their lower labor costs and non-existent/unenforced labor laws.

Like I said from the beginning of this thread, free trade only benefits those who have something to trade. When you manufacture nothing and fling open your borders, you become a dumping ground for other countries!

If we are going to open our borders, it should be for technology and knowledge transfer, which is something that will benefit us long term. How did you think most Asian countries got to where they are today? Think about it for a second. Why buy fish from you if I have the ocean in my backyard? I would be better off being taught how to catch the fish because once I become proficient, I no longer need to buy the fish from you!

Anyway, my time is up as this is becoming an exercise in futility!

Stop being a joke my friend. Who cites Wikipedia in an argument? Please provide any academic study, research or findings in an article by a recognized institution before I will take you serious. In a sane clime, you may expelled from school for this ridiculous reference.

clemzo101:
so u want Dem to use their money to do it ba? Go and ask shagari oga and stop being too heady.....the political will was no longer dere wen shagari was chased out of office by buhari.....buhari wasn't interested in the project as he took office, I'm sure u can recall he stopped alot of project then in the name of corruption.....if shagari was allowed to finish his tenure Ajaokuta wld ve bin a done deal and producing.....TPE the origins coy that built Ajaokuta still showed interest in 2013 but ur clueless govt was not ready.....RUSSIA is and will always be ready to assist, all we need is a serious govt ready to work. The Indians made over 5billion just under 2 years running the power plant alone, a plant dat wasn't operational at full capacity, so wot happens if the plant was fully functional......even if the federal govt isn't interested un steel the sub sections can make mega money for this country.....so quite arguing. U are just and unrepentant hater of progress and backward individual. Don't quote me again pls.....if u are ready I will sponsor a fully paid excursion for u to visit Ajaokuta so u can see. I'm tired trying to put sense on ur head.

What political will are you talking about? Does it take political will for investors to identify a good investment opportunity? For your information, if Ajaokuta was to be a deal, they will come for it either by fire or force and there is nothing anybody in Nigeria can do to stop them. They will use the carrot or stick approach, one of which Nigeria must accept. For asking if I expect Russia to use their money, is the concept of direct foreign investment new to you?
So that you know, there is something suspicious about what the Indian company you referred to did. People suspect that they made their billions by salvaging (in other words vandalizing) some few functional equipment from the facility. But this is an issue for another discussion.

So stop being judgmental, and approach the issue with clear mind. Your take home from this discussion should be that Ajaokuta is like a shattered bottle which can never be mended. No offense.

sonnie10:


Stop being a joke my friend. Who cites Wikipedia in an argument? Please provide any academic study, research or findings in an article by a recognized institution before I will take you serious. In a sane clime, you may expelled from school for this ridiculous reference.

Will this do it for you or you need help reading it?

http://www3.weforum.org/docs/WEF_GlobalEnablingTrade_Report_2014.pdf

By the way, why are you guys so quick to insult someone without even knowing who you're talking to? Only people who are intellectually bankrupt resort to insults, instead of a rebuttal, when faced with facts. You obviously are way out of your league and have nothing to offer.

Wikipedia provides a quick source to info and every single info stated as fact is usually cited. That's what [#] means! You could have just followed the link and you would have seen the following:

The Global Enabling Trade Report was first published in 2008 by the World Economic Forum.[1]
...
[1] Professor Robert Z. Lawrence, Kennedy School of Government, Harvard University, Margareta Drzeniek Hanouz, World Economic Forum, Editors (2008). "Global Enabling Trade Report 2008". World Economic Forum, Geneva, Switzerland. Retrieved 2009-03-11.

You probably don't even know what a citation is; otherwise, you would have checked to make sure what was posted is kosher.

sonnie10:


What political will are you talking about? Does it take political will for investors to identify a good investment opportunity? For your information, if Ajaokuta was to be a deal, they will come for it either by fire or force and there is nothing anybody in Nigeria can do to stop them. They will use the carrot or stick approach, one of which Nigeria must accept. For asking if I expect Russia to use their money, is the concept of direct foreign investment new to you?
So that you know, there is something suspicious about what the Indian company you referred to did. People suspect that they made their billions by salvaging (in other words vandalizing) some few functional equipment from the facility. But this is an issue for another discussion.

So stop being judgmental, and approach the issue with clear mind. Your take home from this discussion should be that Ajaokuta is like a shattered bottle which can never be mended. No offense.

........pls what do you stand to gain if Ajaokuta is abandoned as you are seriously suggesting?

Wallie:



Will this do it for you or you need help reading it?

http://www3.weforum.org/docs/WEF_GlobalEnablingTrade_Report_2014.pdf

By the way, why are you guys so quick to insult someone without even knowing who you're talking to? Only people who are intellectually bankrupt resort to insults, instead of a rebuttal, when faced with facts. You obviously are way out of your league and have nothing to offer.

Wikipedia provides a quick source to info and every single info stated as fact is usually cited. That's what [#] means! You could have just followed the link and you would have seen the following:

The Global Enabling Trade Report was first published in 2008 by the World Economic Forum.[1]
...
[1] Professor Robert Z. Lawrence, Kennedy School of Government, Harvard University, Margareta Drzeniek Hanouz, World Economic Forum, Editors (2008). "Global Enabling Trade Report 2008". World Economic Forum, Geneva, Switzerland. Retrieved 2009-03-11.

You probably don't even know what a citation is; otherwise, you would have checked to make sure what was posted is kosher.

Please concentrate on the issue of Ajaokuta as not to derail this thread. Like I said before, you risk academic rustication if you are a student and continue to make the same mistake, it shows that you are unteachable. If you know what citation is, you would not have committed the above blunder. You just copy and paste material from the internet and could not even cite it correctly. I challenge you to tell us the name of the citing style you used above. No citation format anywhere in the world is presented in that form. Don't come here to expose your ignorance.

code66:
........pls what do you stand to gain if Ajaokuta is abandoned as you are seriously suggesting?

I love Nigeria and want Nigeria to be a great nation but it won't happen if our sense of reasoning is clouded by sentiments. Ask any experienced stock trader, he will tell you that continuing to hold on to a dead stock is never a good idea. Ajaokuta was a bad investment, Nigeria should count their losses and move on.

sonnie10:


I love Nigeria and want Nigeria be a great nation but it won't happen if our sense of reasoning is clouded by sentiments. Ask any experienced stock trader, he will tell you that continuing to hold on to a dead stock is never a good idea. Ajaokuta was a bad investment, Nigeria should count their losses and move on.

.......vry good....but before you conclude on Ajaokuta steel, kindly find time and visit the steel complex so that you can see for yourself............. bros ur mentality towards the gigantic steel plant will reconfigure itself automatically...... yes just a visit

sonnie10:



Please concentrate on the issue of Ajaokuta as not to derail this thread. Like I said before, you risk academic rustication if you are a student and continue to make the same mistake, it shows that you are unteachable. If you know what citation is, you would not have committed the above blunder. You just copy and paste material from the internet and could not even cite it correctly. I challenge you to tell us the name of the citing style you used above. No citation format anywhere in the world is presented in that form. Don't come here to expose your ignorance.

You just they fire like you have verbal diarrhea! I told you once before that you need to be careful since you don't know who you're responding to!

APA format is probably what you're familiar with. Olodo! To take it a step further, I've used both the Bluebook and ALWD while in law school. In legal practice, we use the Bluebook. Plus, for the most part, unless when writing legal briefs or paper to publish, no one cares how you cite as long as they can understand what you're quoting. That's the difference between class work and the real world! Just because you just learned about citation, you no go let person rest! Next time, make sure you do your research well-well before challenging me again on any topic.

By the way, you derailed the thread with your citation crap! Go find someone with your intellectual capacity to argue with. Local champion!

Wallie:


You just they fire like you have verbal diarrhea! I told you once before that you need to be careful since you don't know who you're responding to!

APA format is the citing style. Olodo! To take it a step further, I've used both the Bluebook and ALWD Citation Manual while in law school. In legal practice, we use the Bluebook.

By the way, you derailed the thread with your citation crap! Go find someone with your intellectual capacity to argue with.

Oga lawyer, if that is APA format make I nake.d bath for market square. I have written countless academic articles with APA, so don't even go there. You started failing it when you added the title "Professor" to the author's name. It is a no no in APA. I don't even want to go into the rest of your mistakes in that singular citation. No one is above correction, but where I have problem with is when you don't appreciate it.

This is what the APA style should look like;

Lawrence, R.Z. (2008). Global Enabling Trade Report. In Kennedy School of Government, Harvard University. World Economic Forum, Geneva, Switzerland. Retrieved 11/03/ 2009.

sonnie10:


Oga lawyer, if that is APA format make I nake.d bath for market square. I have written countless academic articles with APA, so don't even go there. You started failing it when you added the title "Professor" to the author's name. It is a no no in APA. I don't even want to go into the rest of your mistakes in that singular citation. No one is above correction, but where I have problem with is when you don't appreciate it.

This is what the APA style should look like;

Lawrence, R.Z. (2008). Global Enabling Trade Report. In Kennedy School of Government, Harvard University. World Economic Forum, Geneva, Switzerland. Retrieved 11/03/ 2009.

I modified my response before seeing your post and just like I guessed, you only know of APA.

sonnie10:


Oga lawyer, if that is APA format make I nake.d bath for market square. I have written countless academic articles with APA, so don't even go there. You started failing it when you added the title "Professor" to the author's name. It is a no no in APA. I don't even want to go into the rest of your mistakes in that singular citation. No one is above correction, but where I have problem with is when you don't appreciate it.

This is what the APA style should look like;

Lawrence, R.Z. (2008). Global Enabling Trade Report. In Kennedy School of Government, Harvard University. World Economic Forum, Geneva, Switzerland. Retrieved 11/03/ 2009.

Oga expert, I'm calling your bluff on the countless of articles you claimed to have written. Here's your chance to make the easiest $100 if you prove me wrong. Just because you wrote a couple of essays in your English class you wan come here they form expert.

If you want to make this interesting, you can certainly also call my bluff if you feel that I’ve misrepresented anything that I’ve said. I’ll gladly take your $100 and donate it to charity.

Wallie:


Oga expert, I'm calling your bluff on the countless of articles you claimed to have written. Here's your chance to make the easiest $100 if you prove me wrong. Just because you wrote a couple of essays in your English class you wan come here they form expert.

If you want to make this interesting, you can certainly also call my bluff if you feel that I’ve misrepresented anything that I’ve said. I’ll gladly take your $100 and donate it to charity.

I wrongly assumed you knew what you were talking about but when I came across the bold, I became disappointed. You ought to be aware that all universities particularly in US use MLA sytle in their English classes and not APA. So, your statement that I learned APA in English class is 100% misrepresentation. In view of this, please kindly donate my $100 to St. Jude charity and post the receipt here for clarification. Sorry I will never expose my identity on a social media like Nairaland because of $100. Increase the amount to $10k and I will consider it.

sonnie10:

I wrongly assumed you knew what you were talking about but when I came across the bold, I became disappointed. You ought to be aware that all universities particularly in US use MLA sytle in their English classes and not APA. So, your statement that I learned APA in English class is 100% misrepresentation. In view of this, please kindly donate my $100 to St. Jude charity and post the receipt here for clarification. Sorry I will never expose my identity on a social media like Nairaland because of $100. Increase the amount to $10k and I will consider it.

You're starting to bore me! You can't even do a simple google search! Na which type community college you dey go? Actually, it must be some online school in the middle of nowhere!

https://owl.english.purdue.edu/owl/section/2/

https://library.duke.edu/research/citing


Click on the link this time before opening your mouth. Oga I too know! I've probably spent more years in school that you've been alive!

Let's not derail this thread further. Take care and face your studies.