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$600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta - Politics (3) - Nairaland

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Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 4:53pm On Dec 25, 2019
lexy2014:


Which Dubai is eko Atlantic challenging? How many buildings are there that it will now challenge Dubai?
Many of you guys know nothing when it comes to building a successful nation. Eko Atlantic has everything to beat Dubai in less than 10 years. Firstly, Nigeria has several sectors that are yet to be developed, youth population, I mean highly innovative youths driving the tech scene in Nigeria and Africa. Nigerians in Diaspora that always check Nairaland to know what's going on...... Just to mention few, the entire UAE doesn't have such capacity..... Quote me if you want me to give you details.

May I inform you that development like that of Dubai is not sustainable. I mean such economy hardly stand test of time. Economy needs to be diversified, in Dubai we have oil, tourism, real estate as major revenue. However, take a look at Nigeria, manufacturing is underdeveloped but on the way. Tech is growing, Agricultural, different mineral resources, gold, iron ore, oil etc. Above all youth population.

Let me add this again, no matter the amount of money the government is borrowing today, with growing population Nigeria is standing because no matter where you invest the money it's all good. In transportation, education, health care, etc compares to countries with old population. Nigeria has a brighter future than any advanced economy with old population.

14 Likes 2 Shares

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by rusher14: 4:54pm On Dec 25, 2019
YungMillionaire:
Why does Nigeria STILL need a GUPTA to run a steel mill?

Because no Nigerian has ever run a steel mill before.
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by webngnews: 4:55pm On Dec 25, 2019
hmmm
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Gilgil: 5:05pm On Dec 25, 2019
lexy2014:


Which Dubai is eko Atlantic challenging? How many buildings are there that it will now challenge Dubai?

Please allow him to bask in the euphoria of his fantasy, I beg you.

He has not been to Dubai before. Don't burst his bubble.
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by DAVEZONIGLTD: 5:06pm On Dec 25, 2019
Merry Christmas to you all.

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by azikiweironsi(m): 5:09pm On Dec 25, 2019
ednut1:
can you hear you self out. So 15 buildings will compete with dubai. U no get shame. Front of my office is still not sand filled. The sand filled portions people are not even building as they should. This place cant be full by 2060. Dubai my foot

You are the type that elders referred to omo ale to fi owo osi juwe ile baba e. Let me translate it for you. It is a bastard child that discribes his father's house with a left hand.
You are here glorifying a foreign land is Dubai just spring up yesterday ?

3 Likes 1 Share

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Sirjamo: 5:09pm On Dec 25, 2019
Once investors see that the Buhari government is willing to stop the indiscriminate dumping of all sorts of products in this country, they'd be glad to bring their money here, knowing that some cheap smuggled products cannot kick them out of business...

5 Likes 1 Share

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 5:13pm On Dec 25, 2019
Gilgil:


Please allow him to bask in the euphoria of his fantasy, I beg you.

He has not been to Dubai before. Don't burst his bubble.
What are you saying? The guy is 100% right. I've been many countries including UAE; Dubai and Abu Dhabi

2 Likes

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by azikiweironsi(m): 5:17pm On Dec 25, 2019
Olominira:

Many of you guys know nothing when it comes to building a successful nation. Eko Atlantic has everything to beat Dubai in less than 10 years. Firstly, Nigeria has several sectors that are yet to be developed, youth population, I mean highly innovative youths driving the tech scene in Nigeria and Africa. Nigerians in Diaspora that always check Nairaland to know what's going on...... Just to mention few, the entire UAE doesn't have such capacity..... Quote me if you want me to give you details.

May I inform you that development like that of Dubai is not sustainable. I mean such economy hardly stand test of time. Economy needs to be diversified, in Dubai we have oil, tourism, real estate as major revenue. However, take a look at Nigeria, manufacturing is underdeveloped but on the way. Tech is growing, Agricultural, different mineral resources, gold, iron ore, oil etc. Above all youth population.

Let me add this again, no matter the amount of money the government is borrowing today, with growing population Nigeria is standing because no matter where you invest the money it's all good. In transportation, education, health care, etc compares to countries with old population. Nigeria has a brighter future that any advanced economy with old population.

You better don't waste your time. Those one that hatred for the administration is second to non. They are not happy for this development. But if it was Boko Haram, come and see them how they will flood the thread shouting we thought " PMB claimed Boko Haram is technically defeated"
Confused set of people.

7 Likes 2 Shares

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Mandesz(m): 5:17pm On Dec 25, 2019
Guestlander:


Ajaokuta was killed by mismanagement and corruption. It has nothing to do with the location. Peugeot was in Kaduna what happened to it?
u don't understand this message. firstly, ajaokuta is not in Kaduna but in kogi state. the steel coy is one of the largest into world that can sustain Nigeria non-oil economy on it's own. the coy was not mismanaged as u claimed but has not been completed since the take off in 1967 by Gowon. virtually every administration promised to complete the project but promise failed. Now, I said it's because it was located in kogi or middle belt that's why successive govt never take this seriously. Kaduna is a core( I mean Hausa) northern state.
Tell me a place in the north that u can find such a gigantic project uncompleted? in fact, the present buhari govt was using Nigeria limited resources to seàrch for 'unavailable' oil in the Hausa north close to lake chad but there were màny areas oil were discovered in kogi state thàt nothing were done about them and in some that the oil were tapped.. kogi state was still not declared an oil producing state.
they're so many facts I can ànalyse for u based on experience.

2 Likes

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 5:21pm On Dec 25, 2019
Olominira:

Many of you guys know nothing when it comes to building a successful nation. Eko Atlantic has everything to beat Dubai in less than 10 years. Firstly, Nigeria has several sectors that are yet to be developed, youth population, I mean highly innovative youths driving the tech scene in Nigeria and Africa. Nigerians in Diaspora that always check Nairaland to know what's going on...... Just to mention few, the entire UAE doesn't have such capacity..... Quote me if you want me to give you details.

May I inform you that development like that of Dubai is not sustainable. I mean such economy hardly stand test of time. Economy needs to be diversified, in Dubai we have oil, tourism, real estate as major revenue. However, take a look at Nigeria, manufacturing is underdeveloped but on the way. Tech is growing, Agricultural, different mineral resources, gold, iron ore, oil etc. Above all youth population.

Let me add this again, no matter the amount of money the government is borrowing today, with growing population Nigeria is standing because no matter where you invest the money it's all good. In transportation, education, health care, etc compares to countries with old population. Nigeria has a brighter future that any advanced economy with old population.

D comparison u made was with eko Atlantic and Dubai. D simple question I asked u is "How many buildings are there in Eko Atlantic that it will now challenge Dubai?". Instead of answering d question u talking of d future of Nigeria. How does everything u have said show that eko Atlantic can challenge Dubai? U are just talking out of point.

Even in ur comparison u made between Dubai and Nigeria, u are comparing d potential of Nigeria with d achievements of Dubai. What type of comparison? U are boasting about potential. Dubai is boasting about achievements. When Nigeria has achieved these things u are saying, then u can start comparing Nigeria with Dubai

6 Likes 1 Share

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 5:24pm On Dec 25, 2019
Mandesz:

u don't understand this message. firstly, ajaokuta is not in Kaduna but in kogi state. the steel coy is one of the largest into world that can sustain Nigeria non-oil economy on it's own. the coy was not mismanaged as u claimed but has not been completed since the take off in 1967 by Gowon. virtually every administration promised to complete the project but promise failed. Now, I said it's because it was located in kogi or middle belt that's why successive govt never take this seriously. Kaduna is a core( I mean Hausa) northern state.
Tell me a place in the north that u can find such a gigantic project uncompleted? in fact, the present buhari govt was using Nigeria limited resources to seàrch for 'unavailable' oil in the Hausa north close to lake chad but there were màny areas oil were discovered in kogi state thàt nothing were done about them and in some that the oil were tapped.. kogi state was still not declared an oil producing state.
they're so many facts I can ànalyse for u based on experience.

Bros ajaokuta was mismaneged just like Aladja. It was a very big fat conduit

2 Likes 1 Share

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 5:27pm On Dec 25, 2019
azikiweironsi:


You are the type that elders referred to omo ale to fi owo osi juwe ile baba e. Let me translate it for you. It is a bastard child that discribes his father's house with a left hand.
You are here glorifying a foreign land is Dubai just spring up yesterday ?

Is eko Atlantic better than Dubai? Is there anything ednut1 said that isn't d truth?

NB: what do u mean by "is Dubai just spring up yesterday?"

2 Likes

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by GENEGIRIA: 5:27pm On Dec 25, 2019
Pure crap! Do you know the meaning of infrastructure? I guess you meant stomach infrastructure grin

aimuan:
I just heard about the eco Atlantic for the very first time.in fact I had to Google it.my brother I must admit the beauty and infra structural development there is Amazing. I also saw victoria and banana islands pictures, mehn,henceforth nobody should compare Ghana with Nigeria again oh.Sincerely Lagos alone is miles ahead of the whole Ghana. Talking from infrastructural development point of view.

1 Like

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by OgunLaakaye: 5:27pm On Dec 25, 2019
Rossikk:
Wow....Where the hell did that come from?

I had no idea we were building a 600 million dollar steel plant anywhere in the country.

That's nearly a billion dollars.

One day we'll just wake up and find this country has turned to Japan at this rate.

Dangote is already building the world's biggest refinery in Lagos.

Near the site, Eko Atlantic rises slowly to challenge Dubai's glory.

We are moving forward.

Sincerely and against all odds, one must give Kudos to the administration of His Excellence, President Mohammadu Buhari (GCFR)

Every leader has got his negatives side but we did would have moved a great distance if we moved at our present developmental rate in the last 20years.

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Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by AroleOduduwa2: 5:29pm On Dec 25, 2019
Same Gupta that stole half of SA’s money, same Gupta that has been blacklisted by the US. Nigeria is cursed I swear.

1 Like

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by ednut1(m): 5:31pm On Dec 25, 2019
azikiweironsi:


You are the type that elders referred to omo ale to fi owo osi juwe ile baba e. Let me translate it for you. It is a bastard child that discribes his father's house with a left hand.
You are here glorifying a foreign land is Dubai just spring up yesterday ?
with ur moniker i cant take you serious.
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Mandesz(m): 5:34pm On Dec 25, 2019
lexy2014:


Bros ajaokuta was mismaneged just like Aladja. It was a very big fat conduit
so u mean in the Hausa north no mismanagement but in the central the other way. u can't fool everyone

1 Like

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 5:35pm On Dec 25, 2019
lexy2014:


D comparison u made was with eko Atlantic and Dubai. D simple question I asked u is "How many buildings are there in Eko Atlantic that it will now challenge Dubai?". Instead of answering d question u talking of d future of Nigeria. How does everything u have said show that eko Atlantic can challenge Dubai? U are just talking out of point.

Even in ur comparison u made between Dubai and Nigeria, u are comparing d potential of Nigeria with d achievements of Dubai. What type of comparison? U are boasting about potential. Dubai is boasting about achievements. When Nigeria has achieved these things u are saying, then u can start comparing Nigeria with Dubai


Ṣeé what the guy said below:

"Eko Atlantic is REAL and WILL challenge Dubai.

It will be Nigeria's answer to Dubai."

Read again and correlate with my response......
We're both talking about future here, and no one is talking about the present. Besides, we are seeing a glorious and great nation we have in Nigeria by 2025 already

6 Likes 1 Share

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 5:36pm On Dec 25, 2019
aimuan:
I just heard about the eco Atlantic for the very first time.in fact I had to Google it.my brother I must admit the beauty and infra structural development there is Amazing. I also saw victoria and banana islands pictures, mehn,henceforth nobody should compare Ghana with Nigeria again oh.Sincerely Lagos alone is miles ahead of the whole Ghana. Talking from infrastructural development point of view.

Bros infrastructure isn't about beautiful buildings in VI and banana island. Its much more than that. Lagos isn't limited to VI and banana island
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 5:41pm On Dec 25, 2019
AroleOduduwa2:
Same Gupta that stole half of SA’s money, same Gupta that has been blacklisted by the US. Nigeria is cursed I swear.
Nigeria is not cursed, probably you're referring to something around yourself. Besides, why should we bother about who US blacklisted? That's not our business. Are you aware there are billions of Nigerian money that are held till date and US hasn't released to us yet? You better worry about yourself and leave US blacklist

4 Likes 2 Shares

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 5:43pm On Dec 25, 2019
Olominira:


Ṣeé what the guy said below:

"Eko Atlantic is REAL and WILL challenge Dubai.

It will be Nigeria's answer to Dubai."

Read again and correlate with my response......
We're both talking about future here, and no one is talking about the present. Besides, we are seeing a glorious and great nation we have in Nigeria by 2025 already

U are free to see a glorious nation but until its a reality, then its just a wish. Am sure d founding fathers saw a "glorious nation" b4 1960 thats why we were called d "giant of africa". It was d same reasons u gave that nigeria was referred to as d "giant of agrica". More than 5decades after, nigeria cant compete with rwanda and u are talking of dubai. Until d "glorious nation" that u say u see comes to reality, u can't be saying nigeria will be better than Dubai under any guise except u just consoling yourself. Potential isn't achievement

2 Likes

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by mfm04622: 5:44pm On Dec 25, 2019
superior1:
That’s Mumu Bubu’s retirement fund. Not gonna generates nada

Private investment! How is this connected to Bubu?

2 Likes 1 Share

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 5:48pm On Dec 25, 2019
Mandesz:

so u mean in the Hausa north no mismanagement but in the central the other way. u can't fool everyone

I dont no what fooling anyone has got to do with d discussion. Do u no anything about Ovwian-Aladja? Is Ovwian-Aladja in d north or in d central?
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 5:51pm On Dec 25, 2019
lexy2014:


U are free to see a glorious nation but until its a reality, then its just a wish. Am sure d founding fathers saw a "glorious nation" b4 1960 thats why we were called d "giant of africa". It was d same reasons u gave that nigeria was referred to as d "giant of agrica". More than 5decades after, nigeria cant compete with rwanda and u are talking of dubai. Until d "glorious nation" that u say u see comes to reality, u can't be saying will be better than Dubai in any guise except u just consoling yourself. Potential isn't achievement

I understand your view actually. There's a need for us young people across Africa to be mentally sound knowing what our future generations would be like. See, I give it to the American founding fathers. The Asians have learned this from them too, so perfectly. See, Nigeria has everything good, great and glorious in her future compares to countries like Italy, Germany, Japan, and several many advanced countries. Which would you prefer for your generations? A growing and prosperous nation for your kids or a decaying economy? I'd not go beyond that.

1 Like

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Arkmanbuddy(m): 5:56pm On Dec 25, 2019
NASTYNASOSO:


HMMMMMMM

GUY CHILL
SLOW DOWN ON THE EXCITEMENT

DUBAI NO BE HERE
JUST COOL DOWN A BIT

No mind the guy.

1 Like

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by lexy2014: 6:06pm On Dec 25, 2019
Olominira:


I understand your view actually. There's a need for us young people across Africa to be mentally sound knowing what our future generations would be like. See, I give it to the American founding fathers. The Asians have learned this from them too, so perfectly. See, Nigeria has everything good, great and glorious in her future compares to countries like Italy, Germany, Japan, and several many advanced countries. Which would you prefer for your generations? A growing and prosperous nation for your kids or a decaying economy? I'd not go beyond that.

If u said something important, then u can go beyond. I don't see what u have said that is special that u want to go beyond.

Am I the one responsible 4d decaying economy that u are asking me which one I prefer? So in ur dreams u think Nigeria has a greater future compared to Japan and Germany? Well-done. U cant even compare nigeria with its fellow african countries. U are comparing nigeria with Japan& Germany. In 1960, Nigerias founding fathers had higher hopes than u did. So I don't no what makes u think that u are first person to say Nigerian will be great
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Enice(m): 6:07pm On Dec 25, 2019
Blue3k:
Here's a chart of the direct reduces iron process.
mr Blue3k stick to the political section and let experts focus on the steel industry. the Direct Reduced Iron (DRI) method of steel production does not require or use a blast furnace. what it uses is a Shaft Furnace that produces sponge iron or DRI as it is called.

1 Like

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Weselion(m): 6:09pm On Dec 25, 2019
Gradually we will get there..
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Omogoddy: 6:19pm On Dec 25, 2019
Another elephant project.
What about Delta steel company
that is wasting away in Aladja Delta state of the same Nigeria
Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by rusher14: 6:35pm On Dec 25, 2019
Mandesz:

u don't understand this message. firstly, ajaokuta is not in Kaduna but in kogi state. the steel coy is one of the largest into world that can sustain Nigeria non-oil economy on it's own. the coy was not mismanaged as u claimed but has not been completed since the take off in 1967 by Gowon. virtually every administration promised to complete the project but promise failed. Now, I said it's because it was located in kogi or middle belt that's why successive govt never take this seriously. Kaduna is a core( I mean Hausa) northern state.
Tell me a place in the north that u can find such a gigantic project uncompleted? in fact, the present buhari govt was using Nigeria limited resources to seàrch for 'unavailable' oil in the Hausa north close to lake chad but there were màny areas oil were discovered in kogi state thàt nothing were done about them and in some that the oil were tapped.. kogi state was still not declared an oil producing state.
they're so many facts I can ànalyse for u based on experience.

Ajaokuta started under Obasanjo in 1979.

1 Like

Re: $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta by Olominira(m): 6:36pm On Dec 25, 2019
lexy2014:


If u said something important, then u can go beyond. I don't see what u have said that is special that u want to go beyond.

Am I the one responsible 4d decaying economy that u are asking me which one I prefer? So in ur dreams u think Nigeria has a greater future compared to Japan and Germany? Well-done. U cant even compare nigeria with its fellow african countries. U are comparing nigeria with Japan& Germany. In 1960, Nigerias founding fathers had higher hopes than u did. So I don't no what makes u think that u are first person to say Nigerian will be great

Good, let me explain a little. All the countries that I mentioned are all advanced countries with these things in common. Big economy, big debts (in trillion dollars), old population, eg Japan should be 60% of its population above 60yrs, I don't know the current figure.

What that means is that, in the next 10 years, more than 60% of the population would be burden because they cannot work yet with deteriorating health. This is the issue, with huge national debt it means the few younger generation would work so hard to pay through taxes. Unless, they are not paying those debts.

Secondly, people above 60yrs do not drive economy. Because, it's the young people that buy Gucci, Mercedes Benz, Ferrari, IPhone etc. So, what that means is that companies producing such wouldn't be considering those countries in fact they'd be moving their money and investments into different places. This is why you'd see a vibrant Greek company struggling at home but would relocate to China or move it main operations to China. This is just an example.

Secondly, old people are not as innovative as the young people. Research, innovation, etc would be struggling. These are what economy is all about. We have or called them distrustive tech, you can see what an average taxi driver is making compares to Uber, shop owners to e-commerce, Android/Symbian etc. All these things are difficult for the older generations to adapt to or understand them at all.

Lastly, compare all these situations to Nigerian case, population of 200m with debts less than $100bn. Youth population above 70% and still growing. Norway is about 6m, old population with debt around $1tn.

1 Like

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