chloride6:

No sir. Do research

Ades1234:
Pls who is from the town should back up this news ifbis real,
A lot of fakes news are all over the radar of Nigeria and is not good for our consumption,

RichBoy247:


Why didn't your PDP do the 10%/for their wasted 16 years?

JONATHAN AND ZERO ALLOCATION FOR AJAOKUTA STEEL


It is expected that the National Assembly as the lawmaking body should be able to do something about the inclusion of allocation for the completion of Ajaokuta Steel in the country’s budget. For all intents and purposes, our federal parliamentarians at the two chambers should, as a matter of urgency, make provisions for Ajaokuta Steel and NIOMCO in the current budget before them and pass a resolution on why the President must execute the project.

https://thewillnigeria.com/news/opinion-jonathan-and-zero-allocation-for-ajaokuta-steel/

Germi9:
90% complete and will be functional by 2023 ... does that make any sense? why must they play politics with every thing

Omooba77:


https://www.channelstv.com/2020/08/17/ajaokuta-is-90-percent-complete-may-be-functional-early-2023-minister/amp/

ThatFairGuy:

That's why you shouldn't be Hypocritical. You'll see difference if you could juxtapose era where oil was over a $100 per barrel to this era with the achievements of the duo

NGpatriot:



Look at this one lying?

Show us any post anywhere where that was said by anybody.

You people just make up lies all because of hatred and bitterness.
God Bless you sir! for this response. Thank God that someone is even reviving the moribund project.

omohayek:
The stubborn insistence on continuing to throw money at white elephants like Ajaokuta and the NNPC refineries is all the proof one needs that most Nigerian leaders have absolutely no understanding of basic economics: some projects are simply not worth spending more effort on, no matter how much time and effort one might already have spent on them, and to continue regardless is to fall victim to the sunk cost fallacy.

Even if Ajaokuta were to be magically completed tomorrow, it will never ever make a profit. The Soviet-era technology in it was already obsolete back in 1983 when Shagari was boasting about its impending completion, and since then Chinese steelmakers have been driving even the biggest and most advanced American and European steelmakers into bankruptcy, even before the COVID-19 crisis killed demand for steel. Under such circumstances, there is more likelihood of a random Nigerian jumping in the air and touching the moon than there is of this ridiculous money-pit ever justifying spending even one more dollar on it. The money would be better spent on improving primary and secondary education, so that more Nigerians would have the requisite knowledge to see announcements like this one for the follies they are.

Kwamecron:
Am so sure after that 2023, it will be 290% functioning. Mofo’s.

Ojb194616:


So u prefer going to school and graduating to do nothing?

What we need now is infrastructure.. That can accommodate graduates..
Fixing the steel plants won't stop the government from improving in education.

Omooba77:


https://www.channelstv.com/2020/08/17/ajaokuta-is-90-percent-complete-may-be-functional early-2023-minister/amp/

NGpatriot:



You are not a steel mill contractor or engineer and you have no clue per the nature of the work being done or what's left to be done, if you know, please share your info with us.

You are the one playing politics with yourself.

7lives:


You better cover your face in shame, so PDP could not raise $2 billion in 16 years.

ThatFairGuy:
[s][/s]
For the fact that you are a Nigerian, be optimistic and speak well of your country. If not for you, for your posterities. Why all these negativities about Nigeria by some despicable Nigerians?
Even if one leaves Nigeria for another country, will one be able to leave with all one's families! It's high time we shun all these negativities about Nigeria, FOR THE SAKE OF POSTERITY

Ades1234:
Pls who is from the town should back up this news ifbis real,
A lot of fakes news are all over the radar of Nigeria and is not good for our consumption,

ThatFairGuy:
[s][/s]
For the fact that you are a Nigerian, be optimistic and speak well of your country. If not for you, for your posterities. Why all these negativities about Nigeria by some despicable Nigerians?
Even if one leaves Nigeria for another country, will one be able to leave with all one's families! It's high time we shun all these negativities about Nigeria, FOR THE SAKE OF POSTERITY

Ades1234:
Pls who is from the town should back up this news ifbis real,
A lot of fakes news are all over the radar of Nigeria and is not good for our consumption,

Germi9:

when you say a project is 90% ready it means that all that is remaining is in final stage,how could a 90% project take another close to 3years to be completed ,it doeant make sense to me.He should have said 45%ready rather than bringing us amateur info

Nigeria needs USD 880 million to complete Ajaokuta Steel

Steel News - Published on Sun, 01 Nov 2009

It has also revealed that the federal government would require about USD 500 million for the completion of the steel complex and another USD 380 million for the provision of infrastructure such as rail lines and roads.

It subsequently directed the Inspector General of Police Mr Ogbonna Onovo to tighten up security at both companies as part of measures to put a stop to alleged looting of assets. In adopting the resolutions contained in a motion, the lawmakers urged the Federal Government of Nigeria to abide by an earlier directive of the House to complete and commission the project without further delay.

Mr Shagari had in his lead debate informed the House that the original contractors that built the Ajaokuta Steel Company, PTE Russia have told the Federal Government that $500 million would be required to complete work on the industrial complex while $380 million would be needed for the provision of supportive infrastructure such as roads, rail lines and electricity.

He however lamented that though the Federal Government has expended over USD 4.6 billion on the steel company, there are inadequate measures to protect the investment as there is massive looting of properties in the complex which is already 98% complete.


https://www.steelguru.com/steel/nigeria-needs-usd-880-million-to-complete-ajaokuta-steel/118402

In 2016, the Buhari administration settled the pending court case around the project. This has enabled the FG to take control of the project and drive its resuscitation.

https://nairametrics.com/2020/05/13/mining-fg-inaugurates-team-to-revive-ajaokuta-steel-company/

Brooklynsouth:
honestly I don't wish to be a Yoruba ,it is this rubbish reasoning that makes others see youruba as a weak and dependent tribe