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Lol kenyans will not like this... $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta 11:23pm On Dec 24 The managing director of African Industries Group, Mr Alok Gupta, yesterday, said the company’s $600million Integrated Steel Plant will be Nigeria’s highest non-oil Foreign Direct Investment (FDI) when it begins operation. Mr Gupta said federal government’s plan to turn around its iron and steel sector will receive the desired boost with the establishment of the $600m Integrated Steel Plant in Kaduna State. This is as the minister of Mines and Steel Development, Arc Olamilekan Adegbite, has assured that President Muhammadu Buhari will commission the phase I of the steel plant project which is sited in Tafa in Kagarko local government area of Kaduna. “Hopefully, Mr President will be here to do the commissioning of the first phase of the project when the time comes. “It is part of our mandate to encourage investment in mining and steel development which this group has started on; my visit here today is to encourage this investment and also to urge them to do this as quickly as possible to bring the obvious benefit, first to the community where it belongs. “While we are there to moderate the expectations of the community, at the same time, we also encourage the investor to carry them along, benefiting in terms of employment, infrastructure including social infrastructure,” the minister said. Affirming the minister’s position, the AIG managing director, Mr Alok Gupta, said, “We expect to commission the Phase I of the project by end December 2020. We will be mining 5.4 million tonnes of Iron Ore, beneficiate the ore to produce high grade concentrate, make it into pellets and finally into Directly Reduced Iron (DRI). The DRI will be used to make steel billets and will avoid our need to import the same. “We are also building a 36 MW Power Plant from the waste heat recovered in the process, which will be partly used for captive consumption,” he said. According to him, with the completion of first phase of project, there will be significant economic and industrial development in the area by means of creation of several allied industries and social infrastructure, while the surplus power generated will further assist in developing other industries and residences and will help in urbanisation of the local area. Pledging the support of the government of Kaduna State for the project, the Governor, Mallam Nasir El-Rufai, who was represented by the Chief of Staff, Muhammed Abdullahi, said the state will work hand in hand with the ministry to ensure that the reap the benefit that is to follow. “The governor has asked me to assure you of our support to ensure that the people of Kaduna and the government of Nigeria benefit from the project which will provide us with the advantage of job creation, of saving foreign exchange and providing the industrial capabilities that steel holds for our economy,” he said. The African Industries Group is a diversified Manufacturing Group involved in the manufacturing of various products including Steel. It started its operations in Nigeria in 1971, employing over 8,000 people in their 18 manufacturing plants, according to the MD, and they are now the largest producer of steel in Nigeria having the lion share of the market with an annual production capacity of 1.2m tonnes of finished Steel Products. Over the last six years, their subsidiary, African Natural Resources and Mines Ltd (ANRML) has also recorded breakthroughs in Resource Estimate, feasibility studies from various consultants around the world as well as Environmental and Social Impact Assessment based on both the Nigerian and IFC performance standards. https://leadership.ng/2019/12/24/600m-steel-plant-will-be-nigerias-highest-non-oil-fdi-gupta/ |
Slawormir:From the locations you mentioned, I can tell you are a uniben student... |
Stevoh18:There is nothing like city in Kenya...watch the latter part of this video and listen to what your white lord has to say about your zoo cities... Tears trickled down my eyes when I heard what he said in the ending part... https://www.youtube.com/watch?v=3GxTncg7YhM |
Stevoh18:Absolutely rubbish... Did this nonsense take your breath that it will take mine.. |
Shma:Noise fam .you talk of our rails as though it may a so simple to put up yet none of your leaders have ever dreamt of that for you.... Know this today that there is absolutely nothing you are building that we aren't building ×2, but I can assure you they are things we are building that you are never going to build on this is century and in the ones to come...... The rate at which we are booming infastructuralky will make you ashamed of being a Kenyan..trust me. |
Shma:Keep pulling this nonsense up from one lunatic that has never left his village to visit other cities in Nigeria..... Keep doing this and I will show you some of your brother's admiring Lagos right here on NL |
lexy2014:Okay let me help you this time around cos I can see you are too slow to grasp....take out the part where I called you ignorant and barbaric and tell me what eelse you could make out of my.post...tell me my majorly emphasize point......this is how we test good reading and comprehensive skills.. Lexy is simply ignorant and barbaric...There is nothing upstairs....Abuja had phase 1 of her light rail completed last year and the second just got completed or almost completed...how many Nigerians have you seen praise this even if it is in their minds...but if they travel to a neighbouring African country to see the same infastructure and it is absent in Nigeria , they still be the first people to criticize the govt for not putting such infastructures in places whilst a small African country have such.... Funny enough in sub Saharan Africa only three African countries has a light rail which is Nigeria, south Africa, Ethiopia and aside thus countries no other African country is even dreaming of building one... |
lexy2014:Kenya has always been more corrupt than Nigeria or of recent ranked on the same position.. What the west did to Africa and his currently still doing to Africa is highly appalling...To me it is a out racism, paranoia of black race rise, global dominance..... I think between the 19th century and 20th century it was the EU controlling the world hence the global colonization that was perpetuated by countries like Germany, France ,UK....After the world war America took over by forcefully instilling fear In The minds of so many countries around the world with their nuclear power, warheads which they used in devastating a certain country (I can't remember the name)...out of this fear most countries succumb to the US like puppets..even the great EU...They used their demonic organisation IMF/world bank to penetrate global politics and economies and have a sit at top global discussions by preying on the fears they've instilled in this countries.. and that is why they remain the world super today which is now getting precarious and will soon be returned to China as she is catching up so fast.... Wonder no more why US and China has been on a trade war over dominance on the continent of Africa...there has to be some special attached, that would make the world two biggest economy enter an economic wars despite the massive negative effect it has on their Economy...America is expected to go into a very deep recession in 2020 because of this war and yet she still insist on this economic war...surely there is something in it for them . I won't go further explained that of Japan and Singapore..if you can understand the normal Basic economic conversation we have been having how much more this one that is a little bit more complex than the former.. "Rwanda is much more organised than Nigeria with better accountability from govt institutions. Rwanda is a country with less corruption than Nigeria. Take oil out of Nigeria, what else does Nigeria have And to answer the bolded again I would say you are still trying to hide your face by running in circles..when I asked you why you perceived Rwanda a greater nation than Nigeria you replied me with three sentences and each sentence you ended with a full stop which means that was the end of you point..Don't try tie-ing your second sentence to the last one...there is a clear boundary which you drew, and that is the full stop which you included exist there... And even if I dumb down to your level and take your reply as a joint one you are still wrong cos I will refer you to what I said earlier which being "resources-less is not an excuse.. |
lexy2014:I won't pull them out for you...if you chose to dodge and ignore them as usual then there is so little I can do to save you from ignorance... |
lexy2014:I see you are not ready to learn Kenya is more corrupt than Nigeria and it has always been that way...check the global corruption index to confirm.. Being resources_less doesn't mean a country should perform less...Japan, Singapore, South Korea are also resources-less countries, look where that are today and see where Nigeria and the rest of the super resource rich endowed continent of Africa is .. That is why I earlier mentioned strategic economic reform"...This Asian countries grew on the back of this seeing that there were not privileged enough to be resource rich and trade in this resources..after world war 2 Japan was completely devastated and had nothing to fall back on..there were time Nigeria was far better than China, Saudi Arabia, Singapore but can the same be said today...Not having resources is not an excuse... Being run rich to me is just an added advantage and a perfect way to be lazy and Skip all the hard work it takes toward becoming great and still become great if put into good use,.... |
lexy2014:Irrational witticism is what you use in sweeping salient point under the carpet to mask your ignorance...yes I said ignorance and I am saying it again cos that is what you are...it is not a personal attack but the mere truth... Since i started hitting you with salient points, you started running in circles to save your face..... If you must speak on NL atleast do so with sense and be ready to back it up anytime you are called upon to do so.. |
lexy2014:Now you've resorted to silly reverse psychology...what i said does not in any way conform to the nonsense you said...This is how we know we've silenced empty noise makers... When I asked a full grown man like you how Rwanda is perceived to be greater than Nigeria by you, below is what a full grown adult like you wrote Rwanda is much more organised than Nigeria with better accountability from govt institutions. Rwanda is a country with less corruption than Nigeria. Nigeria may have a higher GDP than Rwanda but this is obviously because of oil. Take oil out of Nigeria, what else does Nigeria have? Do you even know a more corrupt nation can be by far better than a far less corrupt nation in every manner of ramifications..some countries can naturally thrive on the back of corruption by putting forward great economic reforms and yet they still hold the tittle of one of the world most corrupt countries.... Nigeria is one of those countries.. On the global corruption index Kenya is more corrupt than Nigeria but I tell you Kenya is by far more developed than Rwanda even you check so many economic stats... South Africa is also another country that is more corrupt than Rwanda but I tell you there is no room for comparism between both countries...one is an upper middle income economy while the other is still a very backward village Lying to the rest of the world that it has gotten better and should be envied across the continent when infact it is not even among the lower middle income economies of the african continent...and according to United Nations it is still regarded as an LDC(Least developing countries) and will stay that way even up untill 2025.. |
lexy2014:Insulting others without provocation is not a sign of frustration, at least not to me...it is more like me identifying an empty noise maker who has nothing upstairs but felt like talking because he sees other people talk and get replied instantly on NL...funny enough you have no idea and in depth understanding of the derisive comparism you made.... You felt like bringing up Rwanda for comparism because you've seen other ignorant entity like yourself on NL do the same.... Free advice don't copy otherside..what Suits A might not suit B. |
lexy2014:Be done with this duplicitous attitude of yours and start learning to pay scrupulous attention to every words I use...if my memory serves me right I am very sure I didn't use the word "invite" media ... From your write up I can tell your knowledge is very limited and shallow and this can only be fuelled by absolute ignorance..you are one of those that come on NL to comment on things you know nothing about just so you can appear intelligent and rack up likes from your fellow sadistic colleagues....I am sorry I hyped your knowledge and explained things that you might not even heard before... GDP don't matter what actually matters as regard to what you are trying to say ..it is the GDP per capita, purchasing power, middle class...No one would expect Rwanda to have a bigger GDP than Nigeria except if it is very developed and by developed I mean it should rolling among first world nation like Sweden, Norway while that of Nigeria will be dwindling or stagnant e.t.c...the fact that you said this shows there is nothing in your brain and that narrow how I viewed your thinking..that is like you saying America might have a higher GDP Than Norway or Sweden...how does that sound to your ears.. Nigeria may have a higher GDP than Rwanda but this is obviously because of oil. Rwanda is normally not suppose to have a higher GDP than Nigeria...that is highly preposterous to say the least...Rwanda is a smaller nation by population and Nigeria on the other hand is a bigger nation by this same population... Oil alone does not fuel our GDP ...the population amongst all other factors also does that..if you know what GDP per capita means you wouldn't have mentioned your bolded remark and perhaps you might easily ended this conversation seeing that Nigeria still surpassed Rwanda in per capita income which is a fair and just way to compare countries irrespective of larger economy and larger population.. |
lexy2014:Again I call you ignorant...Stop putting words in my mouth because you are out of words and you have no knowledgeable input to debunk what I have said...I know you want to save your face hence the constant clinging to the delusions you keep making about me attesting to your insinuations ...I call this "grasping at straws"...you've been caught, just accept and move on... I elucidated basic economics to you in simple terms that even a logical thinking 10 year old would easily grasp within 15 seconds..I am not repeating my self again...when you are ready to get out of that hole and leave that straw behind I would gladly be here to teach you more so long as you are ready to listen and learn rather than putting words in my mouth in order to run away and cos a slight witticism in our discussion whilst you take the focus away from your inability to reason deeply before embarking on a write up . |
lexy2014:Lexy Rwanda is very underdeveloped...kegame built a rural village with less than 80-100 homes and made sure every African country had a out it as though that is suppose to be a big deal...smaller states in Nigeria has better road network than the whole of Rwanda..... .I think I am going too far, I should be asking you what makes you consider Rwanda as a great nation and even greater than Nigeria... ?...When I say mevia I am sure your brain can differentiate media from a global organisation like IMF/world bank |
lexy2014:You've shoved my major point under the carpet and covered it with this "barbarism thingy"...yes you are barbaric..you just like a market woman without anything upstairs but come out in the middle of the market to make noise and spread her illiteracy..... Go back and locate my point in what I said earlier and stop using this "barbarism thingy" to hide your face and dodge my point.. |
lexy2014:I never said I am waiting for Europe and US economy to fall so that of Africa can rise....what I gave is a point and fact that every sane mind with healthy knowledge on basic economies knows about... The west are a reason for Africa's backwardness...Any one with a working brain knows that..... IMF and World bank are not nation builder but racist , demonic white supremacist organisation meant to control the world and cease power from the black race globally...We all know the countries that controls this wicked organisation (EU, US)....They want to remain at the top of the food chain.. |
lexy2014:Lexy to media hype is not such a difficult job...infact it is very easy...let Nigerian govt take our freedom of speech today a d control every news that comes out if this country and you would see the world think of Nigeria as something more than great ...if only you would get a glimpse of rwandans situation you will know kegame is not the man you thought him to be...His corrupt practices revolves round nepotism making it easy for him to conceal .. The same Rwanda you are hyping has been exposed numerously by IMF/world bank for magically reducing their poverty rates and tampering with their economics stats.. such as GDP, GDP per capita.... It is possible less than 6% of Rwandan road is paved since their supposed east African giant "Kenya" has just 10% of her road paved after 56 years of independence.. |
googi:Lexy is simply ignorant and barbaric...There is nothing upstairs....Abuja had phase 1 of her light rail completed last year and the second just got completed or almost completed...how many Nigerians have you seen praise this even if it is in their minds...but if they travel to a neighbouring African country to see the same infastructure and it is absent in Nigeria , they still be the first people to criticize the govt for not putting such infastructures in places whilst a small African country have such.... Funny enough in sub Saharan Africa only three African countries has a light rail which is Nigeria, south Africa, Ethiopia and aside thus countries no other African country is even dreaming of building one... |
lexy2014:Lol I will try my best to write the little I can......I will write as regards to the original guy you quoted if which I later quoted you pertaining what your reply to him was Economies in the developed world have hit a climax. There are no opportunities and barely no sector to grow or develop...it is only normal that a sane investor will look at Africa "an emerging economy with vast opportunities and sector to grow...The purpose of any investment is to grow and make profit right...will you rather invest in an highly competitive over saturated economy like Europe or Japan than invest in competitive less, easy to grow and dominate economy like that of Africa...Even if you are an house hold name in the developed world and you are looking to expand, Africa is the right place and to narrow it down more, Nigeria is the right place because of her huge population which in turn brings a quick return in investment and let's not forget are extremely young population which makes up more than 60% of her entire population.... Countries with old aged population has no room for any serious growth but declination ..that is why you see the Economies of Europe and US going into recession...The most things sustaining their Economy is the influence and access to Africa:s resources and power..wonder no more why macron has been so angry with the francophone countries wanting to remove their reserved from France's central bank and introduce the new "ECO " CURRENCY..TheY are leeches and are living off Africa...Do you think they can survive without having any silent neo colonialist control over Africa's wealth..... Old ages does not boost the economy neither does it boost productivity nor reduce unemployment...it does not bring innovations...it is simply a dormant economy ..and it is whatever you've built for the future generations that will sustain you at this point whilst you await a new era of population boom which in most cases might be a century..the best time to build a country is now when you are experiencing a young population boom which can drive industrialization, innovation, technology,trade ,commerce and largely the economy....with the brexit deal, US-china trade..they are so many thing that can gradually bring the downfall of those nations...I think this was what he was trying to tell you. |
lexy2014:I do have the strength to start typing today, if not I would have educated you and cure you off your ignorance.. today is xmas enjoy it peacefully.. |
lexy2014:You are the one praising kegame's mediocrity.....They are so many thing we can use media to hype in this country but we the citizen will still be the ones to bad mouth it ...and a foreigner will gladly deride it as his)her perception will instantly change. Do you think citizens of Rwanda are not awAre of the media trick and silly story their president is telling whilst they are soaked in abject poverty,(check their per capita)and backwardness...No citizens of that country dare speaks against him..he is a dictator... If you respect yourself people will always respect you...The fact that he build a 2km road today and calls media from around the globe to hype it whilst forcefully oppressing the people from speaking about the numerous ills he is concealing to make the country look like it has emerged is appalling to say the least...if the citizens are stopped from speaking their minds and the president is busy telling the world Rwanda has changed since the 2000 genocidal incident to become an enviable African country surely you will believe cos no one is coming out to say otherwise..but here in NIGERIA, at least to an extent there is freedom of speech...A govt can build a 125km road today and you will have citizens run out to criticize the country to make the leaders not to feel relaxed..during this process harsh and hateful words are released and a foreigner reading this instantly changes his perception of the country despite the amazing thing he must have seen in the media.... I tell you outside the city centre of Kigali which I doubt is even up to 10kmsq the rest of Kigali and Rwanda at large is very primitive, poor and underdeveloped village with so many rural settlement (the inhabitants)made to never see what a bituminous tarred road look like..... I ask you the Rwanda you want to compare with Nigeria, do you know she does not have a middle class... Myopic ignorant Nigerian.. |
Lush100:Funny how so many Nigerians are so ignorant and unexposed....do you think Projects are not stalled, cancelled in developed world .... German government has been making noise about a new Berlin airport for the past 12 years(to be one of the largest in the world)... excavator has not even been seen on site despite the constant noise and promises year in year out.. |
Olominira:Your intellect is on point....so many illiterate without an ounce of economic knowledge won't know this.. |
Omogoddy:Olodo... Another of those numerous ignorant illiterate littered across NL.. |
lexy2014:Incorrigible, ignorant, demonic hater from the pit if hell...smh |
lexy2014:You are stupid my friend...Don't you dare compare Nigeria with Rwanda ..outside the empty ghost city centre of Kigali there is absolutely nothing else worth praising in Rwanda...Rwanda , a country without middle class is what you are comparing to Nigeria....no sense in your head... Rwanda per capita income is a big joke... Keep falling for kegame media Jamboree....he build a km road today and he will make sure the entire world hear of it using his media hype... |
Olominira:Sense like yours is very scarce on NL.....some many ignorant illiterate are littered on this faceless forum.. |
lexy2014:He used the word "WILL" which is a future tense.. |
Shaytun:The motherfvckers will not ignore this.. |
theenchanter:Lol I doubt if this niggas will survive a day without this thread |
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