₦airaland Forum

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Nigeria’s $1.5 billion steel plant set to produce 1 million MT of steel annually

Nigeria nears steel independence as $1.5 billion steel plant in Kaduna is set to produce 1 million MT of steel annually.



The Federal government of Nigeria has disclosed that it is expecting an annual output of one million metric tonnes of steel from its $1.5 billion steel plant in Kaduna.

This was disclosed by the Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed while inspecting the steel plant facility at the African Natural Resouces and Mines Limited in Kaduna.

According to The Punch, Mrs Zainab Ahmed during the inspection of the facility said that the $1.5 billion steel plant which is now nearing completion, would produce one million metric tonnes of steel annually. She emphasized that the facility is critical to the nation as it is tactical to the looming steel revolution in Nigeria.

The $1.5 billion steel plant built by African Resources and Mines Limited, a subsidiary of African Industries Group (AIG) is at an advanced stage of completion.

The plant which is billed to commence the first phase of production in the mining of Iron ore, and production of Direct Reduced Iron in a matter of months is expected to produce one million metric tonnes of steel annually.


Why this matters

This development is expected to resuscitate Nigeria’s steel industry which has been lifeless for a while, and help put an end to the importation of steel in Nigeria. This will also reduce the pressure on the Nation’s foreign reserve, and bolster the foreign reserve of the country.

It is expected to boost domestic steel production and attract foreign investors’ participation in the industry, especially auto producers around the world.

However, the facility will create employment opportunities for Nigerians both directly and directly and indirectly.


What they are saying

Alok Gupta, the Group Managing Director of AIG, said the firm would be mining iron ore to produce direct reduced iron, which would enable the company to produce higher-grade steel more efficiently.

He explained that the investment by the company in the Nation’s steel industry will dramatically increase domestic production, and this will have multiple effects on the Nigerian economy.


The Minister of Finance emphasized that the recent investment in the steel industry by AIG which is about to yield gains both for the company and the economy will attract the auto industries of the world to come into Nigeria and produce cars in Nigeria for Nigerians, and other countries in West Africa.


Bottomline

The investment of AIG in the steel industry is expected to drive the country towards steel independence, and pave the way for Nigeria’s steel revolution and the development of the automobile industry in the nation.

https://nairametrics.com/2020/10/19/nigerias-1-5-billion-steel-plant-set-to-produce-1-million-mt-of-steel-annually/

Aconomist:
Why haven't "industrialists" like Dangote and Rabiu invest in steel production the same way they have gone into cement and agriculture? Steel is the most important ingredient for the industrialization of Africa. So what are the macro-economic or government factors preventing them from producing steel. Dangote owns an idle steel mill, but he is not producing.

_{Below is an image of the moribund Osogbo steel rolling mill which belongs to Dangote}

Why do you have 'industrialists' in quotes, you nasty person?

Just because they're nor producing what you dictate doesn't mean they're not industrialists.

I thought the other day you were praying for Nigeria to ''burn down in flames'', so what is your business with what our industrialists produce or don't produce?

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Ghana’s economy falls into recession for the first time in 40 years


Ghana’s economy has slumped into recession following the contraction of the economy in two consecutive quarters, according to a Ghanaian business newspaper, citing data released by the Ghana Statistical Service.

The Ghanaian economy contracted by 3.1 percent in the second quarter of 2020 and 1.1 percent in the third quarter of 2020, sending the economy into recession for the first time in 40 years, according to the Business and Financial Times. The last time Ghana went into recession was in 1983, which was occasioned by political instability, famine and other economic unrests.

https://face2faceafrica.com/article/ghanas-economy-falls-into-recession-for-the-first-time-in-40-years

SHIIITHOLE:
Dumb edi0t! My source? I guess yiu are too dumb to check these information for yourself? Well, I don’t have time for dummies from a certified shiithole naija don pafuka.

How many hours of electricity do you get in that sh1thole?
What is the price of a bag of rice in that zoo}
Are you aware some 15 million nigerian children are out of school, and could become the future boko haram, robbers, pr0stitutes, scammers?
Are you aware Buhari is still searching for his primary school certificate?
Oh, just remembered we are talking about a MUMU people

I really don't have time for a little child like you who picks talking points from NL posts to regurgitate. Think what you like. I debate adults who engage in proper research. This thread is about Ghana, something you're clealry too insecure to face.

SHIIITHOLE:
Walah talahi, I wonder when nigerians will have sense. Your country is already languishing in recession. Your generator-powered economy is sinking in water, and you are calling the country, whose economy is still growing at 0.9% is in TROUBLE? Fuckeduppedness

Now, if Ghana is in trouble because it’s economy is growing at 0.9%, then how will you describe Nigeria that is firmly entrenched in recession?

You can't even do basic research before typing your ignorance. Nigeria's GDP growth rate for 2020 is 2.9% and projected to rise to 3.3 percent in 2021.

https://www.google.co.uk/search?hl=en&sxsrf=ALeKk010CYTTDH0us0RwBjwTVSbIXEuTfQ%3A1608515607807&source=hp&ei=FwDgX8f7Lo6ZlwSZipu4BQ&q=nigeria+economy+growth+2020&oq=nigeria+economy+growth&gs_lcp=CgZwc3ktYWIQARgCMgUIABDJAzICCAAyAggAMgIIADoICAAQyQMQkQI6DgguELEDEIMBEMcBEKMCOggIABCxAxCDAToICC4QxwEQowI6CAguELEDEIMBOgsILhCxAxDHARCjAjoFCAAQkQI6BQguELEDOggILhCRAhCTAjoECC4QQzoLCC4QsQMQgwEQkwI6BwgAELEDEEM6AgguOgUIABCxAzoLCC4QsQMQxwEQrwE6CggAELEDEMkDEEM6DgguEMcBEK8BEMkDEJMCOgYIABAWEB5Qx_pGWPmaR2DSrkdoAHAAeACAAVuIAdcKkgECMjKYAQCgAQGqAQdnd3Mtd2l6&sclient=psy-ab

thatsleepboy1:
Just as you said OP, USA is the Babylon Rev 18 was talking about but what I know is that Donald Trump has fulfilled an Isaiah and Jeremiah's prophesy but I don't think he'll be the last president but he's only a veil of mercy to the world at large even though he's not a saint cos God Almighty uses who he wishes and wills too. I think and believe the fall of USA is the Biden administration cos he'll be impeached thereby making ways for Harris, pelosi, and Obama to do their burdens thereby creating and bringing the wrath of God upon them. That's why the christian faithfuls keep praying for Trump to continue cos he'll shatter some things and correct some errors. The battle is more spiritual than physical cos he's not their target but the will and wrath of God is about to fall on them.

Peace.

Well, we'll have to see how it pans out. But I really don't think the US has much longer...

If you catalogue the crimes this nation has committed against the Earth, starting from its very establishment, in which it eliminated the native population by genocide, to the importation of over 12 million captives from Africa who were enslaved and forced to build the country, and then later discriminated against via racism till this day, to its numerous invasions of countries (97% of the world's nations) to loot their resources, to its setting up of exploitative bodies like the UN, World bank, IMF, to loot further resources of the Earth, to its use of its intelligence agencies to undermine other countries., to setting up military bases all over the world to control the nations....the list goes on and on.

If YOU were the Creator of the Earth looking down and seeing what's going on, it would only be a matter of time before you said ''Right. That's it. Your time is up, America. You will not destroy my Creation.''

xcel20001:
Same was said about Obama (that he would be the last American President) but for different reasons obviously.

Obama never threatened the corporate existence of the USA the way Trump is doing.

It's not even close.

Roger3D:
Dumbass Christians

I'm not a christian.

I'm a historian, and I read the bible as a historian and student of prophecy.

Praxis758:
Don't be deceived by those charlatans who do not have the interpretation of the scripture but go about confusing themselves.

The Babylon being referred to in Revelations 18 is not referring to a particular nation but the whole world in general. The Babylon in the passage is the metaphor for the larger world.

There are two particular cities being referred to in the scriptures: Jerusalem (where righteousness dwells) the city of God while Babylon is termed the city of man (an anode of sin)

A thorough study of that passage will tell you that it cut across the summary of events from generations, invocations, trade, military, class, religion(false worship) etc.

That particular chapter is the summary of events and how the whole sinful world will be brought under the subjection of God's judgment, wrath and final destruction.

It's time for Christians to learn/study eschatology from spirit-filled teachers and not the prosperity teachers who twist the scriptures to suite their selfish and materialistic advantage.

I can teach you that chapter line by line if you're indeed interested. It doesn't have anything to do with the present nation America. I must not forget to tell you that there're particular verses that foretell about kingdoms/empires which we can directly relate to the global ruler that'll pave way for the coming anti-christ.

It's painful that most self acclaimed Bible teachers do not have the knowledge of that those very verses. Revelations 17 : 7 - 11 give a vivid picture of the last world kingdom/empire that will precede the reign of the antichrist. I can teach you explicitly on this if you're interested.

So people should stop confusing themselves with the events and timing of the Bible.

Sorry, but you're talking absolute rubbish, and clearly have some vested interest in the US. You're probably seeking a visa there, or have people there sending you money. Or you're one of those who simply worship that country and all it represents by way of wealth and prosperity.

Better get real. That chapter in Revelation is not talking about ''the whole world'', and it is very clear from the verses, even to a blind man, that a specific nation is being referred to, which was clearly prophesied to be the world's most prosperous nation.

Of course you're free to keep lying to yourself, and twisting the texts to say what they're not saying.

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There are psychic sources who've long said that Trump will be the last president of the USA.

They could be right.

He is refusing to concede defeat.

That is a huge deal for a country like the USA.

This man is far more dangerous than people think.

It would not surprise me if he starts a major world war just to remain in power, and that war could lead to the nuclear annihilation of the USA by Russia or China (or both).


Revelation 17:1: “Come, I will show you the judgment of the great harlot.....

https://i.guim.co.uk/img/media/4a29dde46c17e8a07f98e4e5947d49964d074923/0_348_6000_3600/master/6000.jpg?width=1200&height=900&quality=85&auto=format&fit=crop&s=88c75e6319ec9d3588bb6e17ae92ff68
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....who sits on many waters.”


https://www.basenation.us/uploads/5/7/1/7/57170837/8037009_orig.jpg


'In a single hour your judgment has come.’



Book of Revelations, 18

'Fallen fallen is Babylon the Great!'

And the merchants of the earth weep and mourn for her, since no one buys their cargo anymore, cargo of gold, silver, jewels, pearls, fine linen, purple cloth, silk, scarlet cloth, all kinds of scented wood, all kinds of articles of ivory, all kinds of articles of costly wood, bronze, iron and marble, cinnamon, spice, incense, myrrh, frankincense, wine, oil, fine flour, wheat, cattle and sheep, horses and chariots, and slaves, that is, human souls.

‘The fruit for which your soul longed has gone from you, and all your delicacies and your splendors are lost to you, never to be found again!’ The merchants of these wares, who gained wealth from her, will stand far off, in fear of her torment, weeping and mourning aloud, ‘Alas, alas, for the great city that was clothed in fine linen, in purple and scarlet, adorned with gold, with jewels, and with pearls!’

And all shipmasters and seafaring men, sailors and all whose trade is on the sea, stood far off and cried out as they saw the smoke of her burning, ‘What city was like the great city?’ And they threw dust on their heads as they wept and mourned, crying out, ‘Alas, alas, for the great city where all who had ships at sea grew rich by her wealth! For in a single hour she has been laid waste.’

'The sound of harpists and musicians, of flute players and trumpeters, will be heard in you no more, and a craftsman of any craft will be found in you no more, and the sound of the mill will be heard in you no more, and the light of a lamp will shine in you no more, and the voice of the bridegroom and bride will be heard in you no more, for your merchants were the great ones of the earth. . . for by thy sorceries were all nations deceived.

'In a single hour your judgment has come.’

‘Her sins are heaped high as heaven, and God has remembered her iniquities. Pay her back as she herself has paid back others, and repay her double for her deeds; mix a double portion for her in the cup she mixed.’

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aboyaji:
Are Nigerian football players not allowed to use their own native dialect while being interviewed?

I could still remember the likes of Messi, CR7, Ronaldinho, and etc use their native dialect to answer some questions during and after each game.

But why are our players limited to English?

CR7 even posts with Portuguese on Twitter and Facebook, likewise Messi.

But our brothers always use English throughout.

Let's not even talk about colonisation here, abeg. Somebody is vexing already sef.

You speak your country's official language or lingua franca.

CRIMINALS.

SHIIITHOLE:
You guys keep talking about nigeria having a bigger economy than Ghana. I guess you have also forgotten that Nigeria has a population of 300 million, compared with Ghana’s 30 million?

Given the level of corruption in Nigeria, having the largest, or larger, economy on paper is meaningless in a country like nigeria, simply because most of the economy is in the pockets of a few people, leaving the overwhelming majority of Nigerians desperately poor.

So, all this talk about the size of Nigeria’s economy is just crap! Are Nigerians feeling the so-called big economy? People should talk with sense.

Air head, Ghana has enjoyed a growing economy of 6.9% annually for the last ten years or so, which has now ground to a halt, with this year's GDP growth projected to be 0.9%.

That spells TROUBLE for your country. You cannot boast or brag your way out of it.

Don't use your brain. Be talking about past growth while economic collapse stares you in the face.

And no, the overwhelming majority of Nigerians are not ''desperately poor'' except in your dumb little air head.

SHIIITHOLE:
You want to know how Ghana is better than Nigerua? I will give you a few. just a few.

Ghana’s inflationary level is lower than Nigeria
Ghana attracts more FDI than Nigeria
Ghana’s life expectancy is better than nigeria
80% of Ghanaians have access to electricity, compared with less than 50% of Nigerians
Ghanaians enjoy regular power, can you say the same for Nigerians?
Unemployment figures in Nigeria are staggering, compared with Ghana
Ghana has free secondary school education policy. Ghana even provides free food, uniforms, books etc to its school-going children. Compare that with Nigeria, where 15 million children are out of school as we speak. These are future boko haram, kidnappers, robbers etc
More than 90% of Nigerians survive on less than one dollar a day, compared with less than 25% of Ghanaians.
Nigeria’s economy is in recession at the moment, while Ghana’s economy is still growing

If you have verifiable information that says Nigeria is better than Ghana, bring it so we can debate it. Present your facts and figures

Any sources for these wild claims?

Demon. Keep pulling out lies and exaggerated figures from your stinking asshole.

Imp.

Taich:
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Economy that is being enjoyed by a few of her population. Ghana is better organised . An organised society gives room for proper planning which in turn aids development.

That ''few of her population'' is more than 10 times the entire Ghana population.

Goldp5988:
And who is bank rolling this?

Western intelligence agencies who are using him to bring about destruction of our society and our lives.

Brushless:
It may also not be paternity fraud, in situations like this, their mum could have brainwash them to the extent that any time the couple have a fight, the children are always in support of their mum and always antagonistic of their father.

Yep. This is very common in the west.

genq:
Garbage.

I don't know what man brings a woman abroad for the sole purpose of making her at his "beck and call", but I do know several who brought their wives who they thought they could build a future and raise beautiful children in a saner climate with, only for their gullible wives to embrace her newly found "liberation" as an opportunity to emasculate their men and live a frivolous lifestyle.

A man can selflessly bring a woman he loves abroad, only for her to count his sacrifices as nothing - ingrates!

The mentality that being a dutiful and courteous wife is "slavery" has done more harm to your gender than good.. that is why y'all are being killed left right and centre

Keep thinking you can cockle men and destroy everything they've worked for because feminism has "liberated' you

Too bad this woman did not live to enjoy her newly found liberation.

Don't mind them and their stupidity. Even many white guys in America/UK etc now go online to find wives from Russia, Ukraine, Thailand, China etc, because their own women have shown them pepper with that 'feminism' nonsense, which for their low IQ means disrespecting their husbands and treating him like trash because they're making a bit of money and the courts are biased against men.

pocohantas:
Go to that same YouTube and find a cultured intelligent Indian girl na. Make sure to tell her you are Nigerian, then wait her response.

Shebi naso e easy for an average Naija man to hook foreign woman in her youth?

It is more than easy. You are an ignoramus if you don't know that foreign women fall at the feet of Nigerian men.

They are even far easier to lay than Nigerian/African women.

The problem is that Nigerian men date and fck them, but when it's time to marry, they start looking for a Nigerian woman.

But that is fast changing.

Nigerian men don't really like Indians/Asian women.

Many of them have that curry stink that we find intolerable, and are culturally weird and unpredictable to us.

Instead we go for whites or AAs/Caribbean etc.

There are literally millions of them to choose from.

Watch Nigerian artiste videos on Youtube (Davido, Wizkid, Tekno etc) and read the many comments of women from across the world saying they just want to meet a Nigerian man.

Frustrated007:
these women keep Making my case against marriage stronger by the day
Marry a Nigerian woman at your own risk!!!
It seems Asian women make better wives

Not just Nigerian women. Black women in general have a real problem. AA, Jamo, Naija etc...

If you find a good one you're lucky.

Vinesee:
90% of marital failures are orchestrated by women. Look at home's where women are honest , loyal and supportive, that home always thrives . Many a times women 60% good behaviors makes best of men's 90% bad behavior. We just pray for our own wife's and not someone else.

99% more like.

Beremx:
Indian and Chinese men will never control their nurse wives simply because she’s a nurse. African men and their wahala.

Twaaah!!

How many Indian and Chinese men have you fcked to know how they treat their women?

The African man was not 'wahala' when he was bringing your humble broke ass over to America to better yourself.

Asswipe.

I don't blame you. It's those Naija men who think any of you useless hos are worth the risk of marriage overseas that I blame.

Now they are getting sense, as these stories of your betrayals make the waves, and they will start to ignore and leave you in Nigeria where you belong.

Useless.

Saao:
maybe the boys gather to fight him in solidarity with their mum. What most men goes through in the hands of women, is only God that knows.

True. Women can be very heartless. And the thing is, they can be tolerable for even up to 20 years of marriage, then suddenly they will just change. Overnight. Just turn heartless, cold, mean and selfish, with no conscience.

You will be wondering if this is the same person you've known for 20 years, or if some demon has possessed her.

And it's not just wives. Even your own mother can change like that overnight.

There's something about women.

theemy:
This idea of bringing someone from naija to marry doesn’t often go well, marry someone from where u are Chilean.

You are right.

If you cannot blend into the society where you have decided to settle, then come back home.

They cannot be good enough to provide you with a living, but not good enough to provide you with a wife.

genq:
This will never end.

These men in America will keep killing their wicked, ungrateful wives - not to excuse murder but Nigerian women abroad tend to exhibit signs of demonic possession - they will fuuckk around on you and bring bastaard children home for you to raise, they will insult and belittle you at any slight provocation, they will mentally and emotionally abuse you (some even physical), they will take you to court and claim everything you've laboured for, leaving you penniless in your old age, then turn your children against you so that you're left to rot in poverty, loneliness and misery. They have no conscience and are supported by their coven of westernized Nigerian-American witches wives (whom are mostly in the Nursing profession).

She probably destroyed his life and livelihood to the point of no return and the man probably thought 'fvck it, imma send this bitch back to the pit of hell she emerged from' . I can see he also tried to eliminate his (potential bastaard) children too

She probably in the heat of the argument told him that those were not his kids, and asked him ''what can you do about it? If you touch me I'll call the police and they'll lock you up.''

https://i.pinimg.com/originals/84/a3/e1/84a3e14b2a8ab9c065ca4239f5afd29b.jpg

[img]https:///3b065203acd8474e5d031f518dfc6d12/tumblr_my2c1oQNLH1ssmm02o1_640.png[/img]

https://i.pinimg.com/originals/94/61/c6/9461c68799f02802fdbebbeeca096c05.png

TooMuchStuff:
Almajiri Terrorist.... Go get your plastic food begging bowl ready.... You may be lucky to cross my path for blessings overflow....!
I can comfortably feed your entire compound family for ten years.....free

On the internet anyone can claim to be richer than Dangote.