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Nairaland Forum / Nairaland / General / Politics / Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline (13901 Views)
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Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by 9jaArea: 7:42am On Apr 02, 2018 |
omohayek:Baba will still return the bill to them. |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by omohayek: 8:06am On Apr 02, 2018 |
martineverest:You're so dazzled by the jabber of one woman that you refuse to engage whatever critical thinking skills you possess, or to do any research of your own to determine whether what she said was true? Here are just a few useful correctives for you to peruse if you want something more than one woman's deceptive chatter: 1. A secret US government cable released by Wikileaks - This was never meant to be seen by any Nigerians, or even by unauthorized Americans, so don't try to dismiss it by the usual Nigerian appeal to conspiracy theories. 2. A New York Times story dating all the way back to 1992 - The NYT is one of the most reputable and thorough newspapers on the planet, right up there with the Washington Post, The Economist and the Financial Times. 3. ADB/OECD Anti-Corruption Initiative for Asia and the Pacific Asset Recovery - Page 175 and 176 cover Ajaokuta and how the Abachas used it as a vehicle to steal hundreds of millions of Dollars. 4. Governance and Accountability Issues in Nigerian Parastatals: The Case of Ajaokuta Steel - a PhD thesis investigating the systemic issues plaguing Ajaokuta and every other Nigerian parastatal. Not a single business or parastatal run by the Nigerian government has ever consistently run a profit or maintained even a merely decent level of operation, but for some strange reason you and the other Ajaokuta cheerleaders expect this particular case to be different? I could go on dumping links here at will, but I suspect you won't even read the ones I've provided, as you clearly prefer to believe fairy tales spun for you by a woman who is good at wrapping her own eagerness to steal public funds behind a facade of "patriotism" that Nigerians only ever really muster when the Super Eagles are playing. 7 Likes 1 Share |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by COMPAQ(m): 8:21am On Apr 02, 2018 |
SternProphet: The same way Nigerian engineers were able to successfully run Nepa, Nitel, Nigerian airways, Nigerian national shipping line, Nigerian coal company, refineries, Nigerian ports authority, Nigerian schools and universities abi?? 4 Likes |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by COMPAQ(m): 8:23am On Apr 02, 2018 |
billante: When was Nass ever dead serious about anything concerning you and me? 3 Likes |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by Akpuoru: 8:59am On Apr 02, 2018 |
FemiMaduka: |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by jpphilips(m): 11:07am On Apr 02, 2018 |
seunmsg: Oh! Preach, section 163 renders ECA illegal, it is only allowed to thrive on moral grounds, do they think the state governors wont give a fight? Bloody political amateurs. |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by jpphilips(m): 11:17am On Apr 02, 2018 |
Ham5ter: Natasha Akpoti the Russian agent? What does she know about steel business? 2 Likes |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by Flaghouse1: 12:43pm On Apr 02, 2018 |
omohayek: Well done !!! If only people would take time to research on any discourse put on the front burner they will realise that apart from being emotional on some happenings going on the country they would be able to make/take informed decisions, When I welcomed you to this thread as a "research partner" the guy attacking you would have being informed of the level you have gone on this topic as we also trashed out some issues clogging the success of ASC Thanks chairman , I wil find time to read the links to increase my small knowledge 2 Likes |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by Okoroawusa: 1:28pm On Apr 02, 2018 |
omohayek:You wuked(in Mr Ibu's voice) |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by hakanai(m): 2:00pm On Apr 02, 2018 |
Olalan: Seconded. We know how such ventures end. Cut the government waste and sell that thing to a competent private company.We still have our refineries that have suck funds and still remain comatose. It is fact Nig. government is a bad manager of companies or assets. Things like this do well with private sector...call the big business men in Nigeria to get involved with foreign partners. It is a bad move on the NASS side o! They could have loaned that money to any private owner (local business owner) to get it rolling and later pay government back o. Than inject funds like that o. |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by SternProphet: 2:03pm On Apr 02, 2018 |
COMPAQ: No. The way Nigerian Engineers are running GSM companies, Breweries, Food companies, Cement companies. |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by SternProphet: 2:04pm On Apr 02, 2018 |
hakanai: Complete it first, hire new management from all over the world, then sell shares on the stock exchange |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by hakanai(m): 2:07pm On Apr 02, 2018 |
COMPAQ: Do mention abeg>>>! Abeg make I Help you. Eg. Nigeria airways,steel mills,Mtel,federal palace hotel,game reserves,Roads,state and Fed. secretariats,Offices,guest houses,roads etc. No mind am Nigeria Government Ke!!! No be Nigerian Government hand e dey wey make am like that? Nawa. People don't even know we have other smaller steel mills that are dead and killed under government. Without doubt Nigeria government has found a millions ways over the decades, how not make a company,asset or business work. Abeg they should give private business... |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by hakanai(m): 2:49pm On Apr 02, 2018 |
SternProphet: You do realize that without kick starting it and packaging it well the shareholders maybe reluctant to buy abi.They should just privatize or what ever. Let the business guys do there thing get other investors or equity arrangement etc.Government should just chill and collect taxes abeg. Whether you like it or not such a big company will need shareholders it can't be a one man business. 1 Like |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by yemi15(m): 9:17pm On Apr 02, 2018 |
A conduit for 2019 election campaign monies? |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by yemi15(m): 9:19pm On Apr 02, 2018 |
Olalan: Concessioning it to Mittal India or Tats, seems the best option here 1 Like |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by mikolo80: 9:23pm On Apr 02, 2018 |
Ademat7:then what will happen after the understanding. Nigeria being looted.what else is new |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by grandstar(m): 6:49pm On Apr 03, 2018 |
4Play: A plant that should have been blown up and a 100 miles radius around it fully mined. The only thing worse is the expenditure on refineries. And the only thing worse than that is for Trump to slap punitive tariffs on Nigerian made steel 2 Likes |
Re: Ajaokuta Steel Mill Gets N360bn Excess Crude Account Lifeline by grandstar(m): 6:55pm On Apr 03, 2018 |
Obinwenite: Functioning now when there's a massive glut of steel globally which has heaviy depressed prices? As at 2 years ago, China's excess capacity was well over a 100million tons. No other country produces up to a 100m tons and that aone was China's excess capacity. Nigeria has no comparative advantage in making steel using such a steel plant. 1 Like |
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