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Nairaland Forum / Nairaland / General / Politics / FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company (13694 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 Tranquility2345: 5:52am On Dec 06, 2023 |
seguno2: 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 1 Like |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Tranquility2345: 5:55am On Dec 06, 2023 |
Spandau: 35 bn naira is just 32m dollars. Stop being a slowpoke |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by seguno2: 6:04am On Dec 06, 2023 |
Tranquility2345: Was Eleme not a loss making entity like the refineries before it was privatised? If/when Ajaokuta is sold to cut losses and move on, won’t you still say it was sold for peanuts? You need to update yourself on NITEL. December 4, 2014 1 Like 2 Shares |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Blackdisciple(m): 6:04am On Dec 06, 2023 |
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 1 Like 1 Share |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by seguno2: 6:06am On Dec 06, 2023 |
Blackdisciple: Are THEY any different from us the masses who allow them into power |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Deminz: 6:08am On Dec 06, 2023 |
immortalcrown:forget politicians |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Greattha: 6:20am On Dec 06, 2023 |
Scale of preference and Priorities! treesun: |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Blazebond(m): 6:44am On Dec 06, 2023 |
Probe the last funds that the past administration also sought for the revival of the steel plant and recover it,when you have recovered it you can use it for the plant,nor be every time una go dey ask for fresh funds to revive that same plant |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Sucre7: 6:45am On Dec 06, 2023 |
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. 1 Like |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by immortalcrown(m): 6:47am On Dec 06, 2023 |
Tranquility2345:Na you dey open mouth waa display the stupidity in you. They are talking about revival, not to build from scratch. |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by JudasNaKarrot: 6:58am On Dec 06, 2023 |
OKUCHI11: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. 1 Like |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Tranquility2345: 7:03am On Dec 06, 2023 |
immortalcrown: They are talking about revival and the fool I quoted says the money should be enough to build a new one. You must be a hopeless slowpoke |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by passion007: 7:12am On Dec 06, 2023 |
Here we go again. Watch this YouTube video on Ajaokuta's massive fail https://www.youtube.com/watch?v=UFhQL-ZvnOM?si=ebqabGdtWOfX55z7 |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by BananaPeel(m): 7:14am On Dec 06, 2023 |
treesun: Any revival attempt without involving the builders,Russia, is a waste of money. Govt wants to revive a company that never produced anything, while staff keep getting paid, while DSC that rolled out steel products for years is in comatose. They brought Indians that stole the company to dust. Ajaokuta will never work. |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Ayeesha454(f): 7:18am On Dec 06, 2023 |
I hope they get it to work,that's my home |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Ayeesha454(f): 7:20am On Dec 06, 2023 |
Sucre7: Bro,do your findings........they haven't allocated anything yet,it's always empty promises |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by kuuljay(m): 7:21am On Dec 06, 2023 |
Every administration awards this contract |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Bliztzer: 7:31am On Dec 06, 2023 |
treesun: Unrepentant cleptomaniacs |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by nedekid: 7:34am On Dec 06, 2023 |
Sizwezi:Way back 1992, one of my profs that was involved in 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. 2 Likes |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Sucre7: 7:45am On Dec 06, 2023 |
Ayeesha454: Ok keep saying that to yourself. I had someone close to me who used to work there. They go to the office band do nothing. At the end of the month they are paid in full. With all allowances due them.
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Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by nedekid: 7:48am On Dec 06, 2023 |
JudasNaKarrot:Oga, I wrote something similar some time back, some agreed, the usual empty proud for nothing Africans disagreed and felt insulted. I even advocated employing sucessful administrators, ex presidents of countries that have done well to run government, right to the local government level. Another was is to get Britain back, not to run as colonialist but administrators. See, we have proven we cannot make progress ruling ourselves, we are Africans and not just Africans but black Africans. Eg we are deeply tribalistic and will rather follow tribal instincts over communal progress. We will rather choose a criminal over a righteous fellow because the criminal is our brother. We cannot continue doing things the same failed way and expect good result. As Trump ones said to the anger of black Africans, show my one country doing well, they are all shit holes! Go in YouTube and watch the reaction of John Kerry towards out oga at the top when he spoke at COP Dubai few days ago. 1 Like |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Awaja(m): 7:48am On Dec 06, 2023 |
Ajokuta steel company have over the years be a conduit for sucking our treasure dry |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by spiSeyi: 7:53am On Dec 06, 2023 |
Good initiative if the money won't be looted because a new steel company would cost around $5B to $10B, building another one from scratch might be a white elephant project for FG at the moment. Or FG should rather sell it to an investor |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by jaxxy(m): 7:54am On Dec 06, 2023 |
looking for hype instead functionality to perpetrate corruption. |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Blackdisciple(m): 7:54am On Dec 06, 2023 |
seguno2: No be lie oo ain't no difference bro 1 Like 1 Share |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Sizwezi: 7:55am On Dec 06, 2023 |
nedekid: The Prof was right. Imagine the money that has been stolen just for this project over the years and what it can do for Nigerians… 1 Like |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Sizwezi: 7:58am On Dec 06, 2023 |
engrchykae: 😂. SMH. There are good black men ? |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by Afamsi: 7:58am On Dec 06, 2023 |
Artiiclebeast: |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by thisisit: 8:00am On Dec 06, 2023 |
..... LOOTING IN PROGRESS!!! |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by emperor4love(m): 8:01am On Dec 06, 2023 |
jackie111:do you know how many time de have bring budget for this is been loot |
Re: FG Seeks ₦35 Billion To Revive Ajaokuta Steel Company by unikprince(m): 8:28am On Dec 06, 2023 |
And wike is about to spend15bn in building a new house for the vicd president. When u talk of priorities. Mtcheeeeew |
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