Others are National Housing Fund Bill, Small and Medium Enterprise Development Bill, National Institute of Credit Administration Bill, as well as Chartered Institute of Training and Development of Nigeria Bill.
In the letter rejecting the Ajaokuta Company Completion Fund Bill, President Buhari explained that appropriating $1 billion from Excess Crude Account for funding the project as stipulated in the bill was not the best strategic option for Nigeria at this time of budgetary constraints. He stressed that Nigeria cannot afford to commit such an amount in the midst of competing priorities with long term social and economic impact that the funds can be attentively deployed towards.
President Buhari also explained why he decline assent to the Small and Medium Enterprises Development Bill. According to him, this is because the agency will have similar objectives with the Bank of industry, particularly with regard to the funding of Small and Medium Enterprises.
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He said Ajaokuta will need $1bn for completion and they can't remove that from excess crude account..but can't remove the same for Book Haram war that yield no result without approval...poor decision making
Am alwax saying Nigeria is finished. Unless d youths open der closed eyes n reject all dis fools toying wt der destinies n fight for der right, dis country is going nowhere. Its not a curse. 😠😠😠😠
Ajakuta know ajakuta I don't care
There are some steel workers both in Delta and Kogi states that died while campaigning for Buhari re-election
Haba, I thought during campaign they said Ajaokuta is now functioning?
So what are those competing priorities? And by the way why is there always enough money during elections and competing priorities afterwards?
He will sign it in the 9th Senate not with this rogue
This is what you get when the relationship between the Senate and Presidency remain toxic. We end up with piles of rejected bills because they can never sit down together to trash out issues. Enough of the politicking, find the best option to complete Ajaokuta project ASAP.
He also, halt it when he took over from shagari, and now he's at it again. It's crystal clear now that there's disparity amongst tribe in Nigeria. He institute d search for oil in northern region, railway in his town, even to Niger, to mention but few why can't he raise AJSTEEL?
The news says nothing about the contents of the bill except1billion allocation. Summary of the bill will inform better
Would be better informed if there's summary of the bill.
You all should endeavour to read past the headline.
Of course. The company would be better situated in daura. Nice one sir...
Hmmmmmmmm, every bill rejected
We can only write let us try to read and understand shoo
Ole Senate. God bless NIGERIA.
The same ajokuta he cried for. Crocodile tears every where
Did the President reject them for his personal reasons? At least you could have added some of the reasons to your headline. you can actually so better than this...
This man is not serious.... Nigeria is not getting any better soon as long as this being is in power
He will soon reject himself as president of FRN.
This President rejects everything.
My country my president, pls tell us y u reject ajaokuta steel industry 😧😧😧
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Source: DailyPostNGR - 🏆 11. / 59 Read more »