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FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company (13620 Views)

Shuaibu Abubakar-Audu: Nigeria Needs Over $2bn To Revive Ajaokuta Steel Plant / Tinubu: I Will Revive Ajaokuta, Dredge River Niger / FG Says It Is Partnering The Russian Government To Revive Ajaokuta Steel Company (2) (3) (4)

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Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by money121(m): 10:43pm On Dec 05, 2023
Ok
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by forgiveness: 10:44pm On Dec 05, 2023
What are the people up there saying?
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by humberjade: 10:44pm On Dec 05, 2023
Never again
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Buharidgeneral: 10:44pm On Dec 05, 2023
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.
Lazarus. 😂

2 Likes

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Faposky95: 10:52pm On Dec 05, 2023
Long ago I understood wat Fela meant by ANIMALS IN HUMAN SKIN.....
.... it's funny how they keep reading their snapshots on various media with their grunt as talk.
#35B ......
Then the same mouth will say it's #350B.
Like the one saying #15B for a Govt Crib...that means 2 govt cribs can take care of the project.
We just need 2 and a half VPs...and magik
Yeah right...!!!!!!??

2 Likes

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Evolutionism: 10:53pm On Dec 05, 2023
Aluta Continues..
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by toxtimmy: 10:54pm On Dec 05, 2023
I read somewhere it will cost 15billion naira to build house for the VP... Now add the money for the cara dem don but that is enough to get ajaokuta steel plant working.

No priorities this people get...anyway na the same Nigerians when dey suffer go happily throw their mama and papa out if a moving bus to praise and fight for these thieving politicians.

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.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Crafteck1: 10:54pm On Dec 05, 2023
160m x 100 jeeps wey una buy would have solved this
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Lastmessenger2: 10:57pm On Dec 05, 2023
They should stop wasting money on ajaokuta. The steel company is dead
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by juliuscaesar(m): 11:05pm On Dec 05, 2023
Another avenue to keep looting funds. Why not privatize it. Successive governments have failed to make it work now for over 20+ years. Every year, billions are allocated to running cost of a steel plant that produces no steel. Are we normal in this country?

We behave like people whose brains didn't fully develop. In a sane society, people would be going to jail over Ajaokuta. Not in Nigeria.

5 Likes

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Kingrshd3: 11:12pm On Dec 05, 2023
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.
. 😂😂😂😂

I was thinking the same
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by grandstar(m): 11:12pm On Dec 05, 2023
Why not use that money and turn Ajaokuta into a world class industrial park with 24hrs power supply. The plant is a white elephant project.

I doubt Wale Edun knows what he is doing.

2 Likes

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by TrumpDonald2: 11:13pm On Dec 05, 2023
Waiting for FreeStuffsNG to come and tell us how the proposed revival will attract foreign investment and increase IGR 😂😂😂😂

4 Likes

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by adecz: 11:18pm On Dec 05, 2023
APC wan use scarce public funds to
resurrect dead body💀💀💀
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by bentenny(m): 11:19pm On Dec 05, 2023
They can get 15 billion by diverting the needless and wasteful spending from building the VP house in abuja!
If FG is serious about local production and obtaining processed materials for exportation to achieve FX,these are the projects they should be prioritizing!
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by VULCAN(m): 11:23pm On Dec 05, 2023
Hahahahahaha.

Everyone wants to chop their own.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Ever8090: 11:28pm On Dec 05, 2023
Ajaokuta again....I think Nigerians has tolerated their leaders enough, time to rise up and start killing Nigerian politicians and their families in their numbers...

4 Likes 1 Share

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by babamoha(m): 11:29pm On Dec 05, 2023
With the rate at which we borrow and embezzle hope it will take time before Nigeria collapse.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by ClearFlair: 11:31pm On Dec 05, 2023
Ewo!!!
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Morbeta11(m): 11:40pm On Dec 05, 2023
Take the 15billion you want to use to build house for Vp....let's know how much is remaining to add up.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by thinkmoney(m): 11:40pm On Dec 05, 2023
treesun:


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

2 Likes

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by KayCee92(m): 11:42pm On Dec 05, 2023
Let them take 15 billion from Wike. He has the money for vp lodge building. Then find the rest elsewhere. U are welcome.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by BreconHills(m): 11:43pm On Dec 05, 2023
If it can't produce flat steel - it should remain closed. 35b for iron rods ke.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Phantom233: 11:44pm On Dec 05, 2023
Same way they revived the Port Harcourt refinery. meanwhile almost half of that amount is budgeted for building a house for a two term governor who's now a vice president of the country.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by GoodGovernance: 11:48pm On Dec 05, 2023
But legislooters spent over N100b, for jeeps.

Now we want to borrow N35b to revive Ajaokuta Steel.?




Madness raise to power infinity. undecided

Only a revolution and elimination of current crop of thieves ruling us, can liberate Nigeria and Nigerians.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by bdon123(m): 11:52pm On Dec 05, 2023
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
Its a way to siphon money.

1 Like

Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by Blitzking: 11:53pm On Dec 05, 2023
treesun:


https://punchng.com/fg-seeks-n35bn-to-revive-ajaokuta-steel-company/
every govt wants to revive this mill yet not has been able to revive it...or is this a project made to steal from the public purse.. heard there is no steel close to this mean why was it sighted in ajaokuta then..
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by MeineMutter: 11:54pm On Dec 05, 2023
35billion that was 4x lesser than what Delta State Aline collected as monthly allocation for August 2023.

35billion that Gbemisola Saraki or her brother can write as Manager’s Cheque and give to FG!

Dem dey do Nigeria.

All iron rod importers, May God almighty punish you o.
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by rhames(m): 12:06am On Dec 06, 2023
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

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
Re: FG Seeks ₦‎35 Billion To Revive Ajaokuta Steel Company by PHAYOL81: 12:22am On Dec 06, 2023
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?

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