₦airaland Forum

Nigeria Signs $1.2 Billion Deal With China To Revamp Gas Plant for Aluminium Smelter


ABUJA, Nov 12 (Reuters) - Nigeria has signed a $1.2 billion contract with Chinese state-owned engineering firm CNCEC to revamp a gas processing plant crucial for the country's aluminium production, its Petroleum Ministry said.
The contract signed between CNCEC and BFI Group - the core investor in the Aluminum Smelter Company of Nigeria - is the first step towards reviving the dormant smelter, which has been plagued by years of inactivity due to legal disputes and financial issues.

President Bola Tinubu of Nigeria with Chinese President Xi Jinping in Beijing
https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/09/IMG-20240903-WA0067.jpg

The Petroleum Ministry said late on Monday that the deal would see CNCEC resuscitate the 135 million standard cubic feet per day gas processing plant at the dormant smelter, which can produce around 300,000 tons of aluminium annually.

Minister of State for Gas Epkerikpe Ekpo said the plant's restart would allow Nigeria to develop multiple stages of the aluminium production process and position it "as a major producer of aluminium in Africa and globally".


https://www.reuters.com/markets/commodities/nigeria-signs-12-billion-deal-revamp-gas-plant-aluminium-smelter-2024-11-12/

Good 👍 one there.

Tellmeastory:
Nigeria Signs $1.2 Billion Deal With China To Revamp Gas Plant for Aluminium Smelter


ABUJA, Nov 12 (Reuters) - Nigeria has signed a $1.2 billion contract with Chinese state-owned engineering firm CNCEC to revamp a gas processing plant crucial for the country's aluminium production, its Petroleum Ministry said.
The contract signed between CNCEC and BFI Group - the core investor in the Aluminum Smelter Company of Nigeria - is the first step towards reviving the dormant smelter, which has been plagued by years of inactivity due to legal disputes and financial issues.

President Bola Tinubu of Nigeria with Chinese President Xi Jinping in Beijing
https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/09/IMG-20240903-WA0067.jpg

The Petroleum Ministry said late on Monday that the deal would see CNCEC resuscitate the 135 million standard cubic feet per day gas processing plant at the dormant smelter, which can produce around 300,000 tons of aluminium annually.

Minister of State for Gas Epkerikpe Ekpo said the plant's restart would allow Nigeria to develop multiple stages of the aluminium production process and position it "as a major producer of aluminium in Africa and globally".


https://www.reuters.com/markets/commodities/nigeria-signs-12-billion-deal-revamp-gas-plant-aluminium-smelter-2024-11-12/

To get that alumninum plant to work u need to dredge The IMO River... And if you do that boom Abia has a sea port

This was the reason they allowed it die in the first place

mrvitalis:
To get that alumninum plant to work u need to dredge The IMO River... And if you do that boom Abia has a sea port

This was the reason they allowed it die in the first place

Dont you Igbos get tired of all this chidish rant?

A project was abandoned just like thousands of abandoned projects all over Nigeria, you don quickly link am to one yeye Imo river. The FG really needs to look into expelling the south east from Nigeria.

Paraman:
Dont you Igbos get tired of all this chidish rant?

A project was abandoned just like thousands of abandoned projects all over Nigeria, you don quickly link am to one yeye Imo river. The FG really needs to look into expelling the south east from Nigeria.

This was not a project this was a functional factory earning Nigeria 3.2 billion dollars

It folded because it could no longer receive shipment and the IMO river needed to be dredged

Sometimes read up before you display your Igbophabia

To you n your likes igbos won't take injustice n keep quiet... We would keep singing them let guilty conscience keep tormenting you

mrvitalis:
This was not a project this was a functional factory earning Nigeria 3.2 billion dollars

It folded because it could no longer receive shipment and the IMO river needed to be dredged

Sometimes read up before you display your Igbophabia

To you n your likes igbos won't take injustice n keep quiet... We would keep singing them let guilty conscience keep tormenting you

Odogwu mpiawa azu i-na apia ndi Yoruba gwogwo ebe a
Biko kedu ebe a-na aru project nke a? Kedu ebe obu n'alaigbo?

TINUBU is the chosen one for this moment. A man appointed by destiny to save Nigeria. Believe. The pain is only for a short time.

I'll tell you a story bro

"A lot of deals are signed week in week out in this country but the effects of most are never seen bro"

Very goodnews.. More FDIs needed to move the economy to the next level

Pentagon007:
Odogwu mpiawa azu i-na apia ndi Yoruba gwogwo ebe a
Biko kedu ebe a-na aru project nke a? Kedu ebe obu n'alaigbo?

Mba ikot abasi opposite Opobo

mrvitalis:
To get that alumninum plant to work u need to dredge The IMO River... And if you do that boom Abia has a sea port

This was the reason they allowed it die in the first place

Victim mentality.

Abandoned project that has passed through the hands of many governments due to endemic corruption in Nigeria, you have to now make it about a tribe. What do you want the Ajaokuta people to now say?

I don't know who gave you this victim mentality but as an Igbo man I refuse to pass it to my generation.

Okoroawusa:
Victim mentality.

Abandoned project that has passed through the hands of many governments due to endemic corruption in Nigeria, you have to now make it about a tribe. What do you want the Ajaokuta people to now say?

I don't know who gave you this victim mentality but as an Igbo man I refuse to pass it to my generation.

Oga if you don't have what to say then shut up

The company failed because they refused to dredge IMO river

Lmaoo call it victim mentality all u want but we would keep louding the injustice on Igbos
You can only call it victim mentality but u can't say it was a lie

dalongjnr:
Good 👍 one there.

Indeed.

Wananonly:
I'll tell you a story bro

"A lot of deals are signed week in week out in this country but the effects of most are never seen bro"

Leave your house and move around.

You will not see the effects from your balcony, “bro”.

Okoroawusa:
Victim mentality.

Abandoned project that has passed through the hands of many governments due to endemic corruption in Nigeria, you have to now make it about a tribe. What do you want the Ajaokuta people to now say?

I don't know who gave you this victim mentality but as an Igbo man I refuse to pass it to my generation.

Intelligent man.

Project abandoned in Kano, Oyo, Ajaokuta, Plateau etc = abandoned project.

Project abandoned in Aba, Owerri, Onitsha etc = they hate Igbos.


TRAGIC MENTALITY.

Paraman:
Dont you Igbos get tired of all this chidish rant?

A project was abandoned just like thousands of abandoned projects all over Nigeria, you don quickly link am to one yeye Imo river. The FG really needs to look into expelling the south east from Nigeria.

Hallelujah!.

How soon please?. Time to finally sell that gas for what it's really worth. Ask Qatar.