₦airaland Forum



Olamilekan Adegbite

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the Federal Government will soon ban the importation of barite to help the country save foreign exchange for other useful purposes.

Adegbite, who said this when he featured as a special guest on Newsmen Forum, noted that about $300million was spent annually to import barite from Morocco.

Barite is a mineral consisting of barium sulphate, typically occurring as colourless prismatic crystals or thin white flakes used in the oil industry and also part of the drilling mud mixture.

The minister said a consultant had been engaged by the ministry to workout modalities for sourcing barite locally and also end its importation into the country.

“Nigeria has been spending millions of dollars every year on barite. We import barite from Morocco, about 300 million dollars worth annually, and this is something we have in Nigeria.

“We have barite all over the country (in Nasarawa, Cross River States); so, why can’t we produce our barite. There are standards required by the industry and we have it.

“The first thing is that it is measured by specific gravity; do we have the specific gravity that is required? We do, but the processing is what is missing.

“When I came to office, I got a consultant to work with me on barite and we said we must take barite from the mind to the site and it is on course.

“When you mine the barites it comes like big stones and you need to crush them; when you crush them, you mill for it to become fine particles, so there is a standard and specification of the milling. The last thing is bagging.

“The bagging has to be right. Once we are able to meet that, nobody will have to import any barite in Nigeria again and we will save Nigeria the foreign exchange; we sell and as well create employment,” he said.

According to the minister, efforts are being intensified to diversify the nation’s economy, from oil-based to non-oil based, to enable it survive the i

Shma:
what do you gain by calling people dumb when you can't string proper English sentence.
Lemme ask you, What have you typed? Is it pignin?

It's English but unfortunately your brain has once again proven it's dumb abilities...not my fault dummy

NG..
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NG...
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NG..
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Shma:
[s]man!!
Are you deranged .
Don't think everybody is you. You're a nuisance[/s].

You are dumber than a box of rocks..and seriously that even an insult to boxes of rock...

NG...
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Shma:
I didn't agree on anything, I just let it slide . It's now your time to work on that venture.
The bank is dormant in kenya, no market for it. I bet you'll sell it back again for lesser profit.

REGURGITATION! REGURGITATION!! REGURGITATION!!!

Not again today.

pacretus:
everyone knows Nigeria is at war except you..

Rip to the dead, they've served the nation well.

"THE LABOUR OF OUR HEROES PAST SHALL NEVER BE IN VAIN"

Wonderful reply

SUFFERInSMILIIN:
Nigeria and their illiteracy can never learn. We are borrowing money right left and centre for one bank from IMF from China and they are now spending the money in other African countries. Ghana is a good example Nigerian banks went there and spend a lot of money that they are not doing when they are folding up one by one. Kenya will not be any different because all over Africa it is the same thing this Nigerian banks borrow massive money then they find out they cannot pay back

Lol I said it

Shma:
that is unrecognizable bank.
Not even among top 10 in Kenya.

Your National Anthem..smh

theenchanter:
the kenyans will tell u we acquired an ailing bank.... as always, we always buy companies on d brink of collapse. which begs d question "why are kenya's banks collapsing?" anyway, we now have about 3 or 4 banks in kenya, we should add another one before rvp's 40th birthday so he can have something to reminisce on.

True,true

pacretus:
bro what do you think of this news
Is it a good news to you
https://brandspurng.com/2020/07/20/access-bank-plc-completes-acqusition-of-transnational-bank-kenyal-plc/

Lol, U bet he will say bad news or say we are borrowing from IMF to buy bank....
He reason like a hungry goat

pacretus:
So access bank has acquired a Kenyan bank, transnational bank
https://brandspurng.com/2020/07/20/access-bank-plc-completes-acqusition-of-transnational-bank-kenyal-plc/

As expected..we lead they follow

jln115:
- your link was 2 months before lockdown.... How would your link hint or imply that SA is heading towards level6 load shedding after lockdown when they had no idea about lockdown in January?? Once again your lies have been exposed

- and I responded that Pretoria and Durban is not having a water crisis and neither did CT have a water shortage last year. Learn to comprehend!!

- it was your claim not mine I don't have to prove jack sh1t laaitjie.... You made the claim not me, hence the onus is on you to prove that Nigeria did better than the imf/WB predictions

- point proven

Lastly what's your take on this:

Failed state index:

Nigeria the 14th most failed state in the world in 2020 competing with ZIM

Common sense is what you need...if eskom could come out 2month earlier before lockdown to say you are heading to stage 6 load shedding what does that tell...it means covid19 which has been your major saviour would be gone soon and more business would be open which would put more pressure the grid and boom you will be skyroyto stage automatic loaf shedding with 10 hours ripped out of your power time...expect investment to dodge SA and go to serious countries and also brace yourself for more capital flight.....thanks to your long hidtorybof uninspiring economic growth, it makes the job even more easier


I said "had and most likely still having" ...your statement derided the former...

I am not spoonfeeding you even though I know you've check and see what I am saying is nothing but the pure truth...facts still remain Nigeria has defied IMF/WB projections 2018 & 2019...let that stick in..

As for the rest of your drivel we have terrorism and insurgency to thank for that......

Btw I heard SAA is going KAPUT ...Now what's your take on that

Naija, Naija

Nigeria

jln115:
- your screenshot is from 6 months ago mate I even commented on how lockdown actually helped eskom from a maintenance point of view.... Fact is we don't have loadshedding currently and neither are we moving to level 6
And yes you are currently running on generator power Sammy boy!!

- are you genuinely that ret@rded?? You said Pretoria and Durban are facing water shortages.... I simply responded that they aren't.... I never said they have never faced water shortages.... Learn to comprehend simple English laaitjie

- Show me where Nigeria surpassed IMF/WB predictions

- and yet the ANC is still better than your dictator president and his APC

- Buhari was a full blown military dictator.... Or don't you know your own countries history?

Your break on loading shedding is only temporal..W en your link implied/hinted on that.....expect stage 6 load shedding once activities gets back to normal..

You are a fool...I said and I quote "they had and might still likely be having"...,go back to school already..you are sounding rather disappointing and dumber this days..

You must disgrace yourself here today...show me Nigeria growth rate 2018& 2019 then let me prove whether or not we defied it or not..

Once a fool ,always a fool....as you said "was once" not anymore..that was during the millitary rule, now it's the democratic rule...get the difference laaitjie..

Ehmmm Nigeria

Ramada hotel

Naija all the way up

The Naija way only

The Nigerian way

I can't post pics.. whyyyy.

NG

Shma:
it's due to covid pandemic.
Even your profitable venture which is oil is running losses.

Lol Who gave u a like for writing this rubbish. ..
Your sgr jas been making loss ever since it was launched. .go find out and come back here.m to apologise for your folly and ignorance, dumb sh*male ..

Shma:
I was just stating facts.
The same way you keep reduplicating oba's word "she*male".

And lemme tell you something, economics is not my career course but I learnt it as a unit in my career course.
I have no bad intentions today so don't provoke me.

I call u sh*male cos that is what u are and virtually everyone here knows u as such. ..

I see yoy've learnt how to spell the wIrd "reduplicating"...the rest is drivel sh*male...

I want to provoke you so I can see what you will do about it..

obaaderemi:
That sgr was designed to fail. We, the analysts here, have studied that crazy express and have concluded that the Kenyan sgr is the biggest Sino- African scam of all time. It's bleeding the Kenyan taxpayers.

Lol,lol,lol ..the greatest alien scam on Africa territories

Shma:
you thought this synonymous jargon eclipsed my mind when I asked you what are you saying.?
Did you even bother to look for the meaning before coming up with it or you just copied it directly because it's a jargon.?...

You're lucky to have the only shma to bombard your dim-witted brain.

See dude don't just even start with me..you are better off running for your life all in the name of avoiding a ban....
Don't get angry when I tell you simple truth...you have zero idea about economics so you wouldn't understand what I am saying. ..
Don't be a fool sh*male.

Shma:
The problem with you is pride. You have copied the jargon of each and every kenyan here to fly your ego with.
You forgot you're super dumb and everyone knows it. The master of fabrication and modeling...

If I'm dumb then you're deranged.
Dim + witted =TOMBOY samorosh.



Go sleep with that.