seguno2:


States that are already having trouble repaying their debts and simultaneously providing government services and utilities?

The steel industry needs to be privatised and deregulated as PDP successfully did to NITEL and the telecom sector as well as the petrochemical plants of NNPC in Eleme, Rivers State. Unfortunately, the pseudo progressive/socialist party of Buhari and Tinubu can’t and won’t privatise it, hence the looting continues.

Spandau:


35billion? Easy. Threaten Emefiele again. Breath down his neck and press him very well. He will cough up another 4trillion naira. Take your 35billion from that.

Tranquility2345:
Una go just open mouth without thinking. Doesn’t the business have to be profitable to attract buyers? Nitel has never been profitable and better person never attempt to buy. Fixed line telecoms in this century? Eleme na cash cow. Indorama got it for peanuts. Atiku wey buy up almost everything abandoned Ajaokuta and you think money dey there? That was a useless White elephant project. Naija should cut losses and move on from it. Na to destroy and rebuild something else there o

December 4, 2014
NATCOM buys NITEL, M-TEL for $252m

Director-General of BPE, Benjamin Dikki, explained that NATCOM is a consortium of seven Nigerian companies. It emerged the new owners of NITEL and MTEL by offering to pay $252 million, an amount said to have met the BPE’s bid price.

Dikki explained that the privatisation process was a guided liquidation that would help in bringing back the two entities that had lain waste for over two decades.

According to him, NATCOM emerged the successful bidder in technical and financial commitment from the array of up to 17 firms that keenly contested for the two companies.

He said: “It is our fervent hope and desire this time around we have succeeded in procuring a technically and financially qualified bidder that will not only meet the deadline for payment of the purchase consideration but more importantly deploy the required resources to rehabilitate and grow these companies to play a significant role in the Nigerian telecoms sector.

“We faced numerous challenges in packaging this transaction, including outstanding unpaid terminal benefits of ex-staff of NITEL and M-TEL, arrears of salaries of the retained staff and outsourced security and huge accumulated unpaid licence and other dues to NCC.”

https://www.vanguardngr.com/2014/12/natcom-buys-nitel-m-tel-252m/amp/

Blackdisciple:
If revival cost 35bn then how much does it cost to build a brand new one because what I know in this country when they talk about revival Na embezzle be that oo

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.

treesun:


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

Tranquility2345:
35bn in NGN is less than 35m in USD. In what sane country can you use less than 500m to 1 Bn dollars to build something like Ajaokuta? Una go just open mouth waaaaaaa

OKUCHI11:
Black race are so useless...they can't run an entity effectively...in fact once
.
... nothing good can ever last or even be maintained by them... spits on them...

immortalcrown:
Na you dey open mouth waa display the stupidity in you. They are talking about revival, not to build from scratch.

treesun:


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

Sucre7:
The 3 refinery and the ajaokuta steel should be sold as scrap metals. At least the money would get up to 500M.

Ajaokuta steel that has not been able refine a single Kg of steel yet, billions is been allocated each year to pay ghost workers and routine maintenance.

treesun:


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

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

Ayeesha454:



Bro,do your findings........they haven't allocated anything yet,it's always empty promises

JudasNaKarrot:
Whenever I say this some nonsensical uneducated fulls call me names. I will continue to say it the way it is:
The black man is an error in creation/evolution. He was never meant to be. There was a sort of mistake or genetic mutation that occurred that saw to his existence. He is very inferior race to other humans. He is unintelligent and lacks the capacity to govern himself. Wherever you see him govern, the whole structure collapses. Take for instance, ordinary business organisation like Shoprite that was taken over by the black Nigerians have collapsed. You hardly see ordinary air cooling system working. The state of South Africa is in total mess after black South African started governing.
For the first time in their national life, a former president, Jacob Zuma stood trial, accused of embezzlement and corruption.
Nigeria is the worse because we have all it takes to make a Caucasian state become heaven on earth but we are wicked, corrupt, nepotistic and religiously bigoted. Look around us today and see millions wallowing in extreme poverty because of bad leadership. The worse is yet to come as they have assembled again, their chief-thief is in power, so it is looting spree more than what happened in previous administration of the most useless and clueless president called Buhari.
Call me names but I don't care. All I know is that the black race is inferior race and can never match the other human races. He is cursed.

seguno2:


Are THEY any different from us the masses who allow them into power

nedekid:

Way back 1992, one prof that was involved feasibility studies informed us of the 3 "A"s ruining Nigeria. Ajaokuta was one if them. He said the cost of steel to be produced from there will always be more expensive than imported ones. That the place was a money pit.

engrchykae:
the Russians agree with Americans and British that a third world country cannot be allowed to run steel and crude at the same time.
That is why they made that bogus statement that it's not viable.
There is no good white man

Artiiclebeast:
Oya, do the needful as usual.
Borrow and embezzle.
Rinse, and repeat the above steps.

jackie111:
All the states should donate or invest 1 billion naira towards reviving the place and all of them become partners or stakeholders or something.