Hmuhammad's Posts
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Wailers and the people of middle east/Israel will say Dangote indirectly sponsored Buhari's 2015 election. Enemies of the Nation God bless PMB and PYO God bless Dangote God bless the Federal Republic of Nigeria. |
President and Chief Executive of the Dangote Group, Alhaji Aliko Dangote, said yesterday that the President Muhammadu Buhari administration was on the right path in the diversification of the nation’s economy. His assertion followed new policies implemented through the Ministry of Industry, Trade and Investment as well as Ministry for Solid Mineral Development. Dangote spoke at the ground-breaking ceremony of Okpella cement financed by his group. He hailed efforts of the President in revitalising the solid mineral sector, noting that the sector could provide employment and improve non-oil revenue. Dangote noted that the new plant could transform the economy of Okpella and Edo State. Dangote said investment in local cement plants saved Nigeria $3 billion spent on importing cement. He urged the private sector to invest in critical areas of the economy since the Federal Government has expressed readiness to resuscitate the industrial sector. Dangote said he would always invest in Nigeria, adding that Nigeria remains the best place to invest in the world. He said: “While others are sitting and waiting, the Dangote Group is thinking ahead by investing in additional cement capacities in Okpella in Edo State and Itori in Ogun State. We have also invested in a 100MW Power Generation Plant for Itori and Okpella. “A key factor that drives investments in an economy is the presence of an investor-friendly business climate. Indeed, Edo State is one of the most attractive investment destinations in Nigeria. “The economic reforms in Edo State, especially in tax, innovations in rural finance and investment on infrastructure, have produced an enabling environment that has further provided a platform for future growth. These factors encouraged us to consider Edo State as the right destination for this investment. “By this investment, Dangote is increasing its production capacity, thus maintaining its leadership in the industry. The Okpella six million capacity plant will take our local capacity to 35m mtpa, and with the coming on stream of the 6m mtpa plant at Itori in Ogun State, our local capacity will go up to 41m mtpa.” The project, he added, “is only one of our several successful projects in parts of the country and outside in more than 15 other locations in African countries, in line with our Pan African investment strategy”. Edo State Governor Adams Governor said his administration has created enabling environments for businesses to strive in the state. However, impressed at the continuous investments in cement production despite having met local demands, the Federal Government said the gains of backward integration in the cement sector, as championed by the Dangote Group, is saving the nation billions of foreign exchange. Minister of Solid Mineral Development Dr. Kayode Fayemi and his counterpart in Trade and investments, Dr. Okechukwu Enelamah, said government was pleased with Dangote Cement in ensuring that the nation frees itself from endless importation and becoming net exporter. This said tallied with the change agenda of the Buhari government to substitute importation with local production and consume only products produced locally. They said the volatility in the international oil market and the excessive dependent on importation have put pressure on the naira, adding that the government would free the naira from such pressure. Fayemi said the Federal Government would meet with the 36 governors to simplify access to land by investors in solid minerals. He said continuous investment in the mining sector would earn the nation $25 billion annually by 2025. The $1 billion cement plant has the capacity to hire 6,000 new jobs. The new six million metric tonnes per annum capacity cement plant is coming on the heels of similar arrangements in Itori and Ibeshe, Ogun, with 12 million metric cement in combined capacity. By this investment, Dangote cement’s production capacity will increase to 41metric tonnes per annum in Nigeria alone. https://www.today.ng/business/105021/economy-buhari-right-path-dangote
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Emmylive:na u de take paracetamol for person headache |
Greenback:IPOB tout |
Senator Gbenga Ashafa, who chairs the Senate Committee on "Land Transportation," has debunked the assertion by the Speaker of the House of Representatives, Yakubu Dogara and the Chair of House of Representatives Appropriation Committee, Abdulmunin Jibrin and other lawmakers that the Lagos-Calabar Coastal Railway project was never included in the 2016 budget. In a press statement below, the Senator made it clear that while the initial budget did not contain the project, his Committee later received an amended budget from the executive branch through the Minister of Transportation, Rotimi Amaechi, who also defended the budget before his committee. He stated that the committee decided to allocate money to commence construction of the Lagos-Calabar rail in 2016. A counterpart funding is expected to be provided by the Chinese Export-Import Bank for the project. Senator Gbenga Ashafa See full text of Senator Ashafa's Press Statement below: I have carefully followed the news items making the rounds in relation to the budget presented to the National Assembly and what was defended by the Ministry of Transport before the Senate Committee on Land Transport which I have the privilege of chairing. The focal points of controversy seem to be the Lagos to Calabar railway modernisation projects and the completion of the Idu – Kaduna rail line. I confirm that the Lagos to Calabar rail line was not in the original document that was presented to the National Assembly by the Executive. However subsequently at the budget defense session before the Senate Committee on Land Transport, the Hon. Minister for Transport, Rotimi Amaechi, did inform the committee of the omission of the Lagos to Calabar rail modernisation project and indeed sent a supplementary copy of the ministry's budget to the committee which contained the said project. The minister noted that the amount needed for the counterpart funding for both the Lagos to Kano and Lagos to Calabar rail modernisation projects was in the sum of 120 Billion Naira, being 60 Billion Naira per project. While the committee did not completely agree with all the changes made in the subsequent document, being fully aware of the critical importance of the rail sector to the development of our dear country, distinguished members of the Senate Committee on Land transport keyed into the laudable (Lagos to Calabar, rail modernisation) project and found ways of appropriating funds for the project without exceeding the envelope provided for the ministry. In so doing, the committee observed that the Lagos to Kano rail rehabilitation project had been allocated the sum of N52 Billion Naira as against the sum of 60 billion which the Hon. Minister requested as counterpart funding while no allocation whatsoever was made for the Lagos to Calabar rail line. Hence, the sum of 54 billion Naira that was discovered by the Senate Committee on Land Transport to be floating in the budget of the Ministry of Transportation as presented by the Executive was injected into augmenting the funds needed for counterpart funding of both projects (Lagos to Kano and Lagos to Calabar Rail modernisation), as at the time the committee defended its report before the senate committee on Appropriation. The Lagos to Calabar rail modernisation project was therefore included in the Senate Committee on Land Transports recommendation to the Senate Committee on Appropriations. With regard to the Idu to Kaduna rail completion, the Senate Committee on Land Transport did not interfere with what was provided for in the budget as sent by the executive, being approximately 18 Billion Naira hence I am equally surprised to read on the pages of the newspapers that the amount allocated to the said project was reduced by 8 Billion Naira. While I would have preferred to wait till Tuesday April 12th 2016 when the National Assembly reconvenes in order to have the benefit of viewing the details of the budget that was conveyed to the executive as passed, I am compelled to place the facts in proper perspective as it relates to the activities of the Senate Committee on Land Transport. Without prejudice to the considerations and powers of the Senate Committee on Appropriations with regard to the appropriations process, the foregoing is the true reflection of what transpired at the committee level with respect to the Land Transport sector of the Ministry of Transport. Senator Gbenga Ashafa (Lagos East) Senate Committee on Land Transport Cc; lalasticlala http://saharareporters.com/2016/04/11/federal-government-included-and-defended-inclusion-lagos-calabar-rail-2016-budget-senate |
tit:did you even read it? Tell me you have problem with comprehension..... children all over nairaland Your MONIKER sef |
tit:did you even read it? Tell me you have problem with comprehension..... children all over nairaland |
eminikansoso:LOL! |
[s] Greenback:[/s] |
Emmylive:you na ewu gambia |
isan:if na Obaino now, we no go hear word.... na so so praises. SMH |
Sirmuel1:e pain am |
Achuwa1:you can go and die, this government will succeed. |
ZombieNation:shekarau no relevant for north, Kano council chairman relevant pass am |
excomarow:you'll definitely be banned for this, I am from Niger state and will never encourage things like this. You sound like a child Lalasticlala where u de? |
Akposkool:no kill urself, no b refinery dem commission. Na jst mega filling station Na turn by turn |
BadBullet:no mind that boy |
Sirmuel1:punish you too |
bloodyBLOGGER:Osinbajo is loved by north, I see PMB presenting him as president come 2023 |
phemmyutd:my thought too, PMB will spend 2 out of the 4years and step aside for PYO to continue the rest. |
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refiner:so Ibos no de kidnap/rape? |
Sijo01:I can't tolerate both male and female. |
[s] Paulchris:[/s]How to spot a mad man, he wakes up and starts abusing everybody. You should be the person to receive sense |
#IStandWithBuhari |
Picture of Alams dead body inside casket or Idontbelieve he's dead |
donphilopus:don't mind that hypocritical wailer |
IYANGBALI: ![]() Adieu is different from Adio Check your dictionary and stop this ur argument |
IYANGBALI:Nawa o, Adieu is not a name. You should have asked the meaning before posting It means "goodbye" |
todayboy:how old are you? |
saintandsinnerz:you need brain examination If Nigerians can endure 6 years of the Ineffectual Buffoon, why can't we be patient for a while? Nigeria is in hard reset mode. We'll experience darkness for 1 year or so, then afterwards light we'll see. God Bless FRN |
enlightenedmind:a wailer, an Israeli, or someone from Middle east of Nigeria Spotted. Wail till 2023 or die of HBP before 2019 |
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