omohayek:

POSCO first tried to cope by diversifying away from steelmaking into unrelated businesses like trading and energy, but that strategy didn't work. Now the company is moving upmarket by concentrating on specialized types of steel for more demanding customers like carmakers; since POSCO can't beat the Chinese in more mainstream varieties of steel, it's also decided to team up with them, by tying up with companies like HBIS in joint ventures.

https://www.just-auto.com/news/posco-joins-forces-with-chinas-hbis-in-high-end-auto-steel_id192570.aspx

All the cheerleaders for Ajaokuta on here are utterly deluded, ignorant of both economic realities and the project's 40+ years of utter failure. As Ajaokuta was based on outmoded Soviet technology, it was already obsolete at the time it was supposed to be handed over in 1982; is it now, when even the most modern Russian designs can't even dream of competing with China, that Ajaokuta is suddenly supposed to become a self-financing production wonder?

The most senseless thing about all of this is that steel isn't even a high-margin business. People with sense would realize that the future lies with more knowledge-intensive fields like software, machine-learning, biotechnology, etc., and that all the money being poured into useless white elephants like Ajaokuta and the refineries that are perpetually in "turn around maintenance" would be far better spent investing in higher-quality universal education for Nigeria's rapidly expanding youthful population (and on family planning for their overly fecund parents). But that would be hard work requiring a long-term effort, and with no new shiny plants or buildings for illiterates to gawk at, so neither the ignorant Nigerian masses nor their equally ignorant political leaders take an interest - not even when the advice is coming from someone like Bill Gates!

Who the hell is Bill Gates? What qualifications does he have to tell Nigeria what to do with her money?

Is he a development economist? Has he ever served in a public capacity anywhere in the world?

Dude please don't annoy me this evening. So because somebody starts a successful software company in America, that gives him the right and authority to spell out spending priorities for foreign govts, including Nigeria? Rubbish.

yusman14:
OAU 300level sir

Ok. 07062941443

people wey reply for the first page dey praise buhari. just to remind you that we are in 2023 now, we never hear anything

wizzyvibes:
people wey reply for the first page dey praise buhari. just to remind you that we are in 2023 now, we never hear anything

By 2027 or 2031, Dangote Refinery will become a Campaign promise