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Science/Technology / Re: Ajaokuta Steel: Time To Break The Deadly Conspiracy Surrounding by mickey45: 1:57am On Feb 02, 2016 |
NavierStokes: tis not so much the Esau-ss per se.... I will only blame them for their short-sightedness and narrow-mindedness, that project was perfectly designed but failed from the word go..... Why? Location! Location!! Location!!! Same reason GEJ ordered LADOL and Samsung Heavy Industries to move project base down to Bayelsa. The only thing in Itakpe is the ore itself. A single rail moving ores down to the Furnace is a lot less dollar-draining than who-knows-how-many rail cans and ship containers moving other daily consumables (Coal, Limestone and Dolomite, and even Gas) from the ports and other centres up north. Yar Adua (wanting to start from the logistics issues) awarded the contract to dredge The Niger's dredging while Deziani was trying to push the Nigerian Gas master-plan which had that very location as a priority. We all know what became of both projects. While the blast furnace and supporting infrastructure hadn't been completed, the then government wanted to boast with the product ("full of personal vanity, with little sense of veracity"-Lugard) jumped (of course from bad advisers, IMF and co.) the stages and initiated sister mills in the three geopolitical zones (Osogbo, Delta and Kaduna). The mills were on the design meant to receive feed-stock from the Blast Furnace. On completing the mills, it was suggested (more like lobbied) that billets be imported to feed them whilst the blast furnace is on construction (Dangote and friends made a kill from here). How do you then convince a stark illiterate (as the most of the leaders then were) of the need for a foundation, when he can already see a beautiful house standing? if not an illiterate (even if he can read and write), who ever agrees to pay for the building of a house, hoping to dig foundations later? Had the blast furnace even been up, blooms and slabs will have have to be re-railed to the country's nerve-centers (Kaduna, Delta and Ibadan), increasing the OPEX. Then came devaluation in the nation's currency and billet importation was no longer sustainable as the finished costs became almost at par with imported rods and steel sections/profiles. So the there was no longer motivation and money to build the furnace any longer and when economics no longer favoured it, the mills also died their economically-natural deaths. When the Indians came, Nigeria wasn't giving them any dime to invest with (as is the case with most of the Nation's JVs), getting a mill that size up will take a long time and money, so it'll take considerable time for them to reach profitability. Whereas they have a new Technology (they're actually one of the bests at it) with which they could reduce the ores (albeit in fewer quantities) directly into almost pure Iron which can then be used for high quality steels without the expensive and almighty BF. Moreover, Coal, Gas and thus energy are a lot closer to Delta steel than to Itakpe (the nearby seaport has served both for materials import and product outflow), hence their stripping Itakpe to develop and expand business in Delta steel instead of waiting for the govt. to dredge the Niger, complete the gas pipelines, and help complete the blast furnace which will almost never happen (ask the oil companies). Then the next head of states may cancel the agreement anytime, despite their invested capital. the shorter the time to profitability is, the better for the business. I do not aim to rationalise their actions but to further point attention towards the very roots of the tree whose fruits we're all sad about. BPE sold oshogbo steel mill (or rather what was left of it) to Dangote at a pittance some years ago and while the populace were salivating in the wait for new jobs, I hear he now parks his cement trailers there en-route to the north. so blame your "leaders for always putting the cat before the horse) things wouldn't have been this bad if that man (Shagari/Gowon I think) hadn't commanded that the plant (against all conventional plant design wisdom) be sited in Kogi despite all explanations by experts in the project to the contrary. Hence my saying the project failed from its onset. As for the "conpiracists", they knew what they were doing when they handed the nation over to a people who were the least enlightened at the time. The same mentality birthed GMB's Kaduna Refinery and it same nepotism keeps holding the nation down ever since (e.g the latest PRESSID brouhaha). 1 Like |
Science/Technology / Re: Ajaokuta Steel: Time To Break The Deadly Conspiracy Surrounding by mickey45: 1:04am On Feb 02, 2016 |
pcicero:Fayemi can only do so much, I will be surprised if he achieves more than Sharafa Tunji Ishola (the then SSG) who OBJ fixed in that same portfolio (Despite reading Secretarial Studies at MAPOLY) to garner enough to fight stubborn-Daniel (OGD) in Ogun State (GEJ borrowed that leaf from him #Wike Minister of Education vs Amaechi#). You hardly find real technocrats in politics these days and that's the shame, why? They hate the intrigues (lies, blood-letting etc) in it. Politics is a right-brained profession and always baffles logic, it follows almost no equations and we have enough examples in our history for testimony. most recent being Fayemi vs Ekiti people. I hope he proves me wrong though, his future depends on it, so I hope he does. |
Science/Technology / Re: Ajaokuta Steel: Time To Break The Deadly Conspiracy Surrounding by mickey45: 12:51am On Feb 02, 2016 |
angiography:He's not the only one a very popular entrepreneur here (perhaps the richest in the country) also fed fat off the derailment |
Religion / Re: What I Learnt In Church Today by mickey45: 12:48am On Feb 02, 2016 |
To my God, a heart of Flame To my fellow men, A Heart of Flesh and to myself, A Heart of Stone!!! |
Science/Technology / Re: Ajaokuta Steel: Time To Break The Deadly Conspiracy Surrounding by mickey45: 11:29pm On Feb 01, 2016 |
duality:same thing they always do to Nigerians, make them poorer..... they pay their staffs the lowest wages, add that to the poor working conditions and all. All because there's someone (usually the personnel manager) who has been paid big to keep silent. Nigeria's Aluminium plant in Akwa-Ibom sufffered the same fate. all they did was to start cutting up the electrodes and facilities on ground. Fear can also be a motive. you invest billions in Nigeria, you might be hard pressed to take detours to start raking in profits fast, not knowing what manner of government will succeed the incumbent and whether or not he'd like to continue his predecessor's work and they hardly do. 1 Like |
Politics / Re: Difference Between Street Light Abroad And Nigeria(lagos) by mickey45: 8:51pm On Jan 30, 2016 |
chrysblaise: Being the latest comers in lighting tech., one might be apt to think the bright lights are LED-based but tis' not always so.... A majority of these bulbs are former industry standard energy bulbs and like some people here have mentioned, they contain mercury and release uv-radiation which have been warned to have detrimental effects on the brain and body in the long run.. as for the sodium lamps however, apart from their energy load, I think they're also cool. I assume they're more amenable to the haphazard power factor issues that characterize Nigeria's mains and old-generating sets. At least Lagos still try, larger percentage of the roads in some states do not have such "luxuries". 1 Like |
Education / Re: 20 Stupid Grammar Mistakes That Even Smart People Make. by mickey45: 1:17am On Jan 18, 2016 |
@Ayluxury, I think "12" means to tell someone off or how you feel about an issue, especially when you feel angered by it. say "Tunde keeps doing this to me and I had to give him a piece of my mind yesterday" |
Career / Re: Am About To Resign Because Of My Boss Wickedness,harrassments And Embarassments! by mickey45: 11:46pm On Jan 17, 2016 |
get a phone, record her tantrums and anonymously send to HR.... 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by mickey45: 2:45pm On Jan 16, 2016 |
locodemy:educate the neophyte biko.... na oracle you wan help her consult? |
Business / Re: CBN To Replace Local Bureau-De-Changes With Travelex by mickey45: 6:02am On Jan 16, 2016 |
theshield: I quite agree with you, not when we still have looters who won't want full disclosure of their identities. |
Business / Re: CBN To Replace Local Bureau-De-Changes With Travelex by mickey45: 5:52am On Jan 16, 2016 |
Truth234: You've dealt with them before? How are they? |
Family / Re: Help!!! My Newly Wedded Wife Urinates On Bed Everyday by mickey45: 5:43am On Jan 16, 2016 |
@ OP, please ask her when the issue started, if it's from birth, situation might be a hormonal problem especially if she is the last born or her parents (mother in particular) were advanced in age when they had her. People do go for the hormone injection to boost it's level in the body so Get her to see a good doctor asap. If on the other hand it isn't from birth/ when she was young, then it might be a symptom of something more serious. In any case see a doctor. Marriage is picking a wrapped gift, you make do with whatever you find after unwrapping, best you can do is look closely before selection. You can see this as a chance to permanently seal her love and respect for you by helping her find a solution or you can do otherwise. |
Crime / Re: In 1967 Oba Akran And Ademiluyi Were Jailed For Stealing £504,750 (Photo) by mickey45: 5:29am On Jan 16, 2016 |
Now you know the difference between Stealing and Corruption. IMO, Calling it blatant "Stealing" (which is what it is) makes prosecution faster and gets the accused jailed in time. But you call it corruption and have to prepare for protracted legal procedures that drags so long till the incumbent president/efcc chairman leaves office, putting an inconclusive end to the case and the accused ends up walking away with his loot. |
Family / Re: Help!!! My Newly Wedded Wife Urinates On Bed Everyday by mickey45: 5:16am On Jan 16, 2016 |
BaddieKay:There is. |
Family / Re: Help!!! My Newly Wedded Wife Urinates On Bed Everyday by mickey45: 5:16am On Jan 16, 2016 |
BaddieKay:There is. Thank God for personal education |
Family / Re: Help!!! My Newly Wedded Wife Urinates On Bed Everyday by mickey45: 5:15am On Jan 16, 2016 |
nseke: Reducing her water intake hardly affects it, maybe in the interim though |
Family / Re: Help!!! My Newly Wedded Wife Urinates On Bed Everyday by mickey45: 5:14am On Jan 16, 2016 |
MYMINDER: Yours is the first sense I'm seeing on this thread and God bless you. 1 Like |
Family / Re: Help!!! My Newly Wedded Wife Urinates On Bed Everyday by mickey45: 5:12am On Jan 16, 2016 |
Dyt: That's reverse psychology a it's peak. Heard that too while young. Another is to go kneel beside a grinding stone, greet it good evening and beg it to prevent one from bedwetting over the day's night. |
Jobs/Vacancies / Re: 2015 Erasmus Mundus Joint Master Degree Student Scholarships & IMRD by mickey45: 9:45pm On Jan 15, 2016 |
lantessy:applied already haven't you? is it not too late to do so? |
Jobs/Vacancies / Re: 2015 Erasmus Mundus Joint Master Degree Student Scholarships & IMRD by mickey45: 8:59pm On Jan 15, 2016 |
HOPE8888:ok wish you God's best in your later endeavours |
Religion / Re: What I Learnt In Church Today. by mickey45: 8:47pm On Jan 15, 2016 |
INTROVERT: there's an e-book i;d like to share with you (secular) send an e-mail (may be blank) but let me know it's you |
Nairaland / General / Re: 15 Things You Should Never Say To An Introvert by mickey45: 8:33pm On Jan 15, 2016 |
Youngpo413: No never, it'll wane with time. that i promise you. meanwhile, your brain can only accommodate so much and removing not so cogent things from it's purview helps it focus on real albeit fundamental ones. Don't just take my word for it. You read up Zuckerberg, Nairaland's founder, Bill Gate and most popular timechangers' biographies and you'll see introversion helped them develop their mojo/jello It's a gift if you'll use it wisely. let your mind and brain explore the world. it'll make the experience more enthralling when your body eventually gets to do so. |
Religion / Re: My Experience With The Super Natural by mickey45: 8:04pm On Jan 14, 2016 |
mylordship: Hmm-hmm @ Op Mr "Snake in a Monkey Shadow"! #Cinema House Connoisseur# 1 Like |
Business / Re: Naira Crashes Even Further To 300 Against Dollar by mickey45: 3:36pm On Jan 13, 2016 |
toprealman: Day probably quoted just the parallel market price. It's far above the "google price" banks won't sell to you as they'd have to do so at the normal price. So they'd sell to BDCs at a premium who in turn sell to individuals at higher premiums. |
Business / Re: No More Importation Of Petrol Once My Refinery Is Ready- Dangote by mickey45: 11:07pm On Jan 12, 2016 |
Keneking: He has plants in other parts opf the continents. He can easily redirect cashflow to finance such a project. Talk of not putting all of one's eggs in one basket |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by mickey45: 10:00pm On Jan 11, 2016 |
“A stock market correction is not something to be feared. It is something to look forward to… something to be embraced, like a plumber who has come to unclog your bathroom drains. It may get messy; but what a relief it will be to have the toilet working again.” – Brian B. still a neophyte though |
TV/Movies / Re: Hilarious Conversation Between DSTV & Unhappy Customer by mickey45: 6:17pm On Jan 09, 2016 |
ddaammyy:Not sure a lot of your "Fellow Nigerians" will agree to your position. Not the ones who resume duty @ DSTV from 4pm till Dawn/Fuel finish. |
TV/Movies / Re: Hilarious Conversation Between DSTV & Unhappy Customer by mickey45: 6:16pm On Jan 09, 2016 |
SuperSuave: Parental code for his mum too? |
Events / Re: Prince Jibrilla Indimi Weds Hadiza Giwa (Photos) by mickey45: 6:02pm On Jan 09, 2016 |
Lakayanah: You took it right outa my mouth. No Sharia for the elites. Tells one what kind of people Nigerian rules really seem to target. |
Crime / Re: Man Catches A Guy Who Duped Him 2years Ago Outside A Bank In Surulere &grabs Him by mickey45: 2:18pm On Jan 09, 2016 |
Looking at the culprit, it's evident the 700k hasn't bettered his life in any way |
Family / Re: How Do One Survive A Home Of Abusive Parents by mickey45: 1:42pm On Jan 09, 2016 |
GraceBestowed: Thanks for the response, @ Op, parents are only replaying what they've seen based on how they were themselves raised and perhaps their work and social circle. You'll have to prove to them that you aren't that stiffnecked as to only obey when abused. In the meantime, surprise both of them by never going home from school henceforth without getting something for both of them. Call to ask them both how their business/work went on weekends/weekday evenings. Call to ask your mum about certain how to..s. Anything to let them know you consider them partners/comrades now rather than mere providers. They may act cold @ first but by d time you're going for NYSc, they'll be the ones calling to report each-other's gaffes to you. |
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