December 9, 2022 8:28 AM
The minister said the Buhari government had been able to resolve all contending legal issues with the steel company and was in the process of concessioning it to a competent bidder. “Global steel came with a demand of $7 billion, but our lawyer was able to puncture holes in their case, and at the end, they had to settle for $496 million.”questions about the payment of $496 millionThe minister also said the current administration had plans to make Ajaokuta Steel Company functional before the end of 2022, but for the outbreak of the COVID-19 pandemic.
Global Holding of India came on board and literally buried the Ajaokuta Steel plant - cannibalising the Ajaokuta plant to run the Aladja Steel plant, without positive result in either plant. That decision was taken by the Federal Govt of Nigeria.
Abandonment of Ajaokuta Iron & Steel project not the fault of Russia. Blame squarely on the shoulders of Nigerian government - due to unpatriotic decisions and lack of will power. The coffin of the project was further nailed by the contract entered into with Global Holding.
Why can’t we get the place functioning and get it running ourselves.
We are giving Ajaokuta back to same russia, who is competitor with NIGERIA steel industry. Who do us? Can Adenuga allow MTN to operate him? Russia will abandon Ajaokuta again for another 50 years
Again?
No way!! BEW*RE OF THE WEST SAN*TION ON NIGERIA IF THIS IS AWARDED OUR STEEL IS FOR OUR own DEVELOPMENT AND NOT MEANT FOR W*R INSTRUMENT APC SHAY UNA WON KII US FOR THIS COUNTRY NI BEFORE UNA CARRY UNa bag NIGERIAns open Una eyes
Are they just bidding? Thought they said it was near completion.
Stop running around. Ajaokuta steel belongs to Russia. It was used as collateral to Russia to aid Nigeria in the civil war. It would never roar until Russia wants it to.
Don't sell please
Nobody seems to realise that FG is becoming so active since Obi's deceleration for president Abi I'm reasoning beyond circle ni
Give it to the original builders…. Instead of making that same blunders you made with India company. Who were confused and frustrated with the project…. Since it was originally built by the Russians, I suggest it is given back to them…
After how many years of APC in power
Let's address this ones and for all
Why can't we run this companies ourselves? Thank God a good leadership/deliverer is coming