₦airaland Forum

1freshdude:
Oga if e vex you too much call police!

1freshdude:
Even Abacha, OBJ and Yaradua were all products of the system but none was half as SILLY, STUPID, DUMB and EMPTY, CRASH and CRUDE as GEJ. GEJ is an embodiment of what a leader should not be. Nigerians have been utterly humiliated by allowing this man represent us...I travel quite often, believe me I know what having a shameful president means.

EteEdoho:
That your friend doesn't want to accept the fact that he or she has been scammed.

erunz:
and this was the same budget Femi Gbajabiamila claim to be the best budget so far.

krendo:
Your President stood in front of NASS and presented a budget which includes paying rent in the state house and you are still asking for evidence of corruption?

this man in the 80s had money traced to midlands bank, in recent past this man lied on his own INEC form of possessing an unexistent waec certificate and you say the man is not corrupt? Buhari is a thief!

obailala:
Signed

In 1979, President Shehu Shagari embarked upon a great Nigeria's dream with TyazhPromExport (TPE) Russia to build Africa's largest Steel Complex to harness some of the world's largest deposit and finest Ores in Itakpe hills. Ajaokuta, now situated in present Kogi state, but then a sleepy village laying on the left bank of River Niger, graciously gave 24,000 hectares of sprawling green-field land-mass to locate the mill called Ajaokuta Steel Complex Limited. Nigeria painstakingly worked in perfect symphony contributing intellectual and financial resources from the rich Niger Delta oils and beyond to birth our dream. This steel complex when completed was to usher Nigeria into unprecedented economic wealth by easily diversifying her sources of income, increasing revenue, improving GDP, creating millions of jobs and making Nigeria a fortress to mother Africa.

Alas, this dream was cut short by numerous international and sadly domestic conspiracies from France, United Kingdom, America, the IMF, World Bank etc urging Nigeria to stop Russia from completing Ajaokuta Steel project. The Russians stood for Nigeria against all forcing stating that Nigeria, as a sovereign nation had the right to harness its God given natural resources for the benefit of its people even if it would make our nation extremely powerful and fully independent from the West. However, Nigeria succumbed to the conspiracies and subsequently made operating situations unbearable for TPE. In 1994 TPE, having completed the project at 98% stopped work and left Nigeria.

As administrations changed from military to civilian, as our economy dwindled, as it became more glaring that may be… just maybe Nigeria should develop her steel industry as against being a dumping ground for low quality steel; Nigerian leaders commenced actions into completing the abandoned Ajaokuta Complex. Amidst good intentions, selfish and unjust motives came to play in series of unfortunate events from;

Abacha’s Debt Buy Back which gulped $2bn from Nigeria’s treasury. These monies account for the Abacha’s loot being retuned over the years from various foreign accounts.

To Obasanjo’s sole sourcing concession to the technically unqualified SolGas, an American petroleum company in 2003.

To Obasanjo’s 2004 sole sourcing concession to ISPAT (also known as Global Steel Holdings Limited and Global Infrastructure Nigeria Limited) an Indian/ Nigerian consortium headed by Mr. Pramod Mittal who under the guise of his genuine brother Mr. Lakshmi Mittal, fraudulently ripped Ajaokuta Steel from the glorious state it was left by TPE Russia.

To Jonathan’s part rescue of Ajaokuta mill from the Indians claws in 2013. A full rescue, according to the Indians would require Nigeria giving up Itakpe in concession to them for 20 years.

On your table today, dear president Buhari, is a concession agreement between the Federal Government of Nigeria/ Itakpe Iron Ore Company and Global Steel Holdings Limited. This crafty document contains ridiculous conditions precedent to relinquishing Ajaokuta in full to Nigeria. It holds that Itakpe will not only be given for free, but FGN will spend over Euros 500 million in rehabilitating the complex for a yearly concession fee of 4% turnover payable from the second year of operations. To think that Mr. Mittal, a man of unpleasant reputation even in his own country India; collaborated with fellow Nigerians, some of who presently serve as Special Advisers in your cabinet, would for the love of money, carelessly or should we say deliberately entrap our God given resources captive is sickening.

Through all these happenings, the good people of Nigeria were kept in the dark…but not any more. It is true that times are dire and pains of betrayal run deep in our veins, yet we shall not focus all our energies fighting demons of the past. For we are resilient and optimistic citizens; we chose to take the best advantage of this great era of changed ushered to us by our dear president, and for that, we chose to forgive everyone for every selfish act which has cumulatively ruined Nigeria ONLY if the following conditions are PROMPTLY met:

1. That President Buhari exercises an Executive Fiat in immediately terminating every legal agreement and arbitration entered into between the Federal Republic of Nigeria / Ajaokuta Steel Company Limited/ Itakpe Iron Ore Company and ISPAT/ Global Infrastructure Nigeria Limited/ Global Steel Holdings Limited. You may recall late President Yaradua called for the arrest of Mr. Mittal and his cohorts immediately he got wind of the fraudulent occurrences surrounding the concessions. Nigeria is too big to be held hostage by Mr. Mittal and his Nigerian sellouts.

2. That in 1 month or less, a public congressional hearing should be held at the National Assembly calling on all stakeholders including the Minister of Solid Minerals, TPE and GSHL as participants. Nigerians deserve to know the truth surrounding the occurrences and opportunities, past and future as Nigeria beholds her steel break.

Experts should be made to answer questions and concerns relating to

- The amount of funds needed to get the steel mill completed and rolling

- The amount needed to complete all associated projects like the rail line necessary to transport steel bars, coking coal etc

- The true value of the entire plant, condition and technology choice.

- The sharing ratio of proceeds to the host community (Royalties), LGA, State and Federal Government.

- The Master Plan which would outline foreign direct investment into the project.

3. Ajaokuta , Itakpe and other steel mills should not be privatized but rather held as a national project like the Oil and Gas sector. On completion, the government can sell % ownership to a reputable foreign investor for expert operations while Nigeria retains a controlling share. After 5 years (or thereabout) of successful operations, the government would sell its % stake openly to all Nigerian investors on the floor of the Nigerian Stock Exchange.

4. That item 9 of the Communiqué on the Iron and Steel Summit held in Ikeja, Lagos on July 31st and August 1st 2008 which holds that the comprehensive technical audit and valuation of Ajaokuta Steel Company Limited and NIOMCO by Messrs TPE of Russia and KOCH respectively, in collaboration with indigenous Engineers and Consultants should be urgently executed by Government.

5. That the government heeds to the call of all well meaning Nigerians and industry stakeholders such as the Iron and Steel Senior Staff of Nigeria, Nigerian Society of Engineers, Nigerian Metallurgical Society, African Iron and Steel Association, Steel and Engineering Workers Union of Nigeria, and appoint TPE as EPC contractor for the completion of Ajaokuta Steel Complex. Nigeria has lost so much in time over wrong privatizations, Grace has given us one more chance, lets join hands and make right decisions.

TPE has built over 40 steel plants around the world but Ajaokuta steel is the ONLY one they have not completed. Nigeria why Do you know that all steel plants are still serving their countries and some like Bhilai Steel has won eleven awards as the best steel complex in India amongst others.



6. That in 4 months or less, TPE should be seen to have commenced work in Ajaokuta Steel Complex. This is the simplest and most honest of approaches. It is evident that the previous termination was caused by a default in Nigeria’s part; TPE’s technical competence was/is not in question. TPE has the project’s blue print and are passionate about completing same for Nigeria. Ajaokuta Steel Complex is NOT an experiment. We are done with the era of trials and error. For morality and sustainability sake, Nigerians demands that the right steps be taken NOW!!!



Nigerians, Africans and well-meaning hearts from all over the world, in your hand, you have the power to break the chains of “economic cabalism”, a shrewd tool by a few Nigerians holding our beloved country captive from her deserved progress. Nigeria is too rich to be this poor. Over 100 million youths are unemployed. We cannot rely on international aids forever; we are built strong and with pride on our chest. We are a nation that fed Africa once. We are a nation who helped other African countries stand on their feet. We are the most resilient people on earth because we never give up, and we shall never give into political toils over our future anymore.

And the time is now…by God’s grace, to take our destiny into our own hands. Let us join efforts and help our dear president diversify the economy from its huge dependency on crumbling oil to steel amongst others.

Please sign and share this petition in support of reviving Ajaokuta Steel Company Limited. Let this be the call for Nigeria’s First Industrial Revolution!!!

“Youth should be radical. Youth should demand change in the world. Youth should not accept the old order if the world is to move on” William A. White

harveyspec:
Hello, I noticed your new petition was up, why don't you create a new thread & call the attention of the MOD to it.

For others here is the petition on change.org

https://www.change.org/p/president-buhari-immediately-terminate-arbitration-with-ispat-gshl-and-appoint-tpe-to-complete-ajaokuta-scl?recruiter=57114361&utm_source=share_petition&utm_medium=facebook&utm_campaign=share_facebook_responsive&utm_term=des-lg-no_src-custom_msg


It's not enough to read, kindly click on the sign petition!!

cc:NavierStokes

The National Assembly has said it is no longer feasible to pass the 2016 budget proposal on February 25 as earlier scheduled.
The development is a result of “discrepancies, errors and ambiguities” inherent in the budget proposal, the lawmakers said.
At a joint press conference in Abuja on Tuesday, Danjuma Goje (APC-Gombe State), Chairman of the Senate Committee on Appropriation and Abdulmumin Jibrin (APC-Kano), his House of Representatives counterpart, said the National Assembly could not guarantee any future date for the passage of the budget.
The lawmakers denied any rift with the executive but said the National Assembly needed to do a “proper clean-up” of the budget.
“We need sufficient time to pass a comprehensive budget …. that is implementable and also acceptable,” Mr. Jibrin said.
He noted that the Presidency had admitted errors in the budget.
Two weeks ago, the Senate and the House of Representatives asked their respective Appropriations Committees to submit their reports on the budget on February 24, after rounds of defence by ministries, departments and agencies, to enable passage of the budget on February 25.


But media reports and appearances by officials before different committees of the National Assembly showed that the budget contained fraudulent, controversial and embarrassing allocations.
Last week, the Senate discovered a sum of N10 billion “questionably smuggled” into the budget of the Ministry of Education for a ‘questionable subhead’.
On Monday, the Minister of Health, Isaac Adewole, disowned his ministry’s budget, saying “rats” had doctored the proposal.
“We have to look into the details of the budget and re-submit it to the committee,” Mr. Adewole told Senate Committee on Health.
“This was not what we submitted. We’ll submit another one. We don’t want anything foreign to creep into that budget. What we submitted is not there.”
On Tuesday, the Minister for Works, Power and Housing, Babatunde Fashola, while appearing before the House of Representatives joint Committees on Power, Works and Housing, evaded questions on a certain N500 million proposed for “statutory” meetings and travels.
The allocation also covered street light, generators and other items but locations of projects were not provided.

tempest01:
Why can't they increase the charge, and government subsidize power?

Only for metered connections.

This will force the discos to supply meters to the populace, then the subsidy can stop when the light is steady.



An increase in price without accurate metering is failure.

Ecoterrorist:
is that what you were able to glean through from the write up?

amtaken:
OAM4J.

I love the name.

Purej:
Mr. President should live by example. He wants Nigerians to look inward and consume our own goods and services, but he's in London now for medical treatment.

Is it that Nigerian Doctors are not good at all or what.

I'm highly disappointed in him

emzila:
people like you don't know how the economy works.
you only judge from the present that is why you see no reason why GEJ should be blamed. GEJ should be blamed because he failed to save for a time like this. OBJ left $45b dollars in our foreign reserve, Yar Adua left $47b ( an indication that he built on what he met) but GEJ, during who's tenure Nigeria earned more from oil left $29.1b. if NIGERIA HAS $17.9b($47-$29.1) to inject into the economy, we won't be blaming GEJ. He could not build on what he met but choose to squandered it.

pcicero:
I admire your tenacity bro.

asamaigho:
SAY NO TO DEVALUATION
WE CANNOT MAKE DSAME MISTAKE IBB MADE DURING "SAP"

WILL NOT GO D'WAY OF ZIMBABWE OOO,
THANK GOD OKONJO IS NOT D MINISTER OF FINANCE OOO.

cooljade:
The Controversial Contract by Global ‪#‎Infrastructure‬ ‪#‎Nigeria‬ Limited Holding ‪#‎Nigerians‬ to Ransom.

Please Read and SHARE!!!
The Hon. Minister of Steel's stated at the National Assembly yesterday he intends to step back for a year to sort out the legal tussle between the Federal Government of Nigeria (FGN) and GSHL. An agreement clearly holding the nation to ransom by an Indian company owned by Mr. Pramod ‪#‎Mittal‬. Nigerians are not okay with allocating 1 year of this administration to determine the legalities of a contract undertaken under fraudulent conditions to the detriment of a whole country; and as such can be termed void ab initio on the face of it.
At this juncture, it is pertinent to take a glimpse of this Goliath of a contract and have the good people of Nigeria determine, alongside the good office of the FGN, AGF and Ministry of Solid Minerals, those terms and condition precedent which ties Nigeria's hands from fully taking possession and embarking on reviving the Ajaokuta and Itakpe mills to full capacity.
Important points to note for better understanding of the contract pages

read more here https://www.facebook.com/NatashaAkpoti/posts/10154079115806758

kingofchess:
is that d name

kingofchess:
why won't it scare investors away...wen he is using Hausa perfume.

cooljade:
I was told a post of this nature should be paid for . LIB and Sahara would post for free if it involves political or entertainment scandal . If I were a fellow minister or sitting governor, this piece would be front page.. but I am common unknown citizen, no buzz except by good minds like you.