Connect with us

NEWS

Ajaokuta: Nigeria Imports $8bn Steel Yearly — Minister

Published

on

Share

The Minister of Steel Development, Mr Shuaib Abubakar, says Nigeria spends $8 billion to import steel into the country annually, saying it has become necessary for the Ajaokuta steel company to work.

The minister disclosed this during an interactive session with the House of Representatives Committee on Steel Development in Abuja on Thursday.

According to him, the revival of Ajaokuta steel will cost money, and we have written a 10-year document for the revival.

We will present the document to Mr President.

Abubakar said that it was in his own interest for Ajaokuta Steel to work, adding that he was from Kogi State and must push for such interest.

He said that the Federal Government paid $500 million dollars to terminate the concessional agreement with Ajaokuta, adding that the ministry was working very hard to find a solution for Ajaokuta Steel.

“It is a problem that has persisted for 45 years. We have gone to China to come and invest in the steel company, including setting up a new plant, and we have gone to seek financing.

He said that the challenges had changed as new technology had come up, and with innovation and discussion around it, but it had not been finalized.

“Funding is a big challenge to the ministry of steel development. The steel industry will be the bedrock of industrialization if we have proper funding.

“I am still at a stage where I need to find a solution for the Ajaokuta steel company.

On the $2 billion being requested to receive the Moribund steel company, the minister said it was just a preliminary calculation, adding that the figure might not be up to that.

According to him, this is an estimate that may not be accurate at the last decimal point. It is just a process that will allow us to arrive at the right destination.

“The president has asked me to find a solution to Ajaokuta, so the figure will change pending the outcome of the technical audit.

“It’s clear to Nigeria that for this to happen, we need funding and all the help we can get from the two chambers; this is why we need it. I need all your support to make this a reality.”

Rep. Zainab Gimba, the Chairman of the House Committee on Steel Development, urged the ministry to provide it with all the procurement processes and other responses demanded by the committee.

The committee said that Ajaokuta had remained a nightmare to many, adding that now that the minister had accepted to supervise it, Nigeria expected more from him.

NEWS

Henry Okeke Commends Mbah for Clearing Pension Arrears in Enugu

Published

on

Share

By Raphael Atuu, Abuja

Barrister Henry Nnanna Okeke, a member of the Governing Council of Enugu State Polytechnic, Iwollo, has commended. Enugu State Governor ,His Excellency ,Dr Peter Ndubuisi Mbah for clearing verified pension backlogs and approved a ₦32 billion package to settle legacy gratuity arrears dating back to the year 2000 outstanding pension arrears owed to pensioners in Enugu State.


Okeke described the reported development as a significant step towards improving the welfare of retired civil servants who devoted their productive years to the service of the state.

He praised Governor Mbah for fulfilling his promise to pensioners, noting that the payment would bring relief to retirees who depend on their pensions and other entitlements to meet their daily needs.

According to him, pensioners deserve to enjoy the benefits of their years of service without unnecessary hardship, particularly after contributing to the growth and development of Enugu State.

The polytechnic governing council member noted that addressing pension arrears was an important demonstration of responsible leadership and a commitment to the welfare of citizens.

He said the reported clearance of the arrears would help ease the financial burden on affected pensioners and their families, while restoring confidence among retirees who had been awaiting their entitlements.

Okeke further urged the state government to sustain the progress by ensuring regular pension payments and preventing the accumulation of fresh arrears.

He stressed that the welfare of pensioners should remain a priority, adding that retirees deserve dignity, financial security and timely access to their entitlements after years of dedicated public service.

The commendation reflects the importance of policies that place the welfare of citizens at the centre of governance and ensure that government commitments translate into tangible benefits for the people.

Okeke reaffirmed his support for initiatives aimed at promoting good governance, accountability and sustainable development in Enugu State.

He expressed optimism that the Mbah administration would continue to implement policies and programmes that improve the living conditions of residents and strengthen the state’s development agenda.

Continue Reading

NEWS

2027: ADC Urges ECOWAS to Insist on Credible Elections in Nigeria

Published

on

Share

The National Chairman of the African Democratic Congress (ADC), Sen. David Mark, has urged the Economic Community of West African States (ECOWAS) to insist on transparent and credible elections in Nigeria.

Mark made the call on Thursday in Abuja while receiving an ECOWAS delegation on a pre-election fact-finding mission ahead of the 2027 general elections.

The ADC leadership expressed concerns over the Independent National Electoral Commission’s (INEC) preparedness and commitment to conducting free, fair and credible elections during the meeting with the delegation.

Mark said Nigeria’s elections were critical to West Africa’s stability and would attract global attention, emphasising the need for stakeholders to work together to ensure credible electoral outcomes.

“This is why we must all work together to ensure we get it right. You have made us understand that your mission is pursuant to the ECOWAS Conflict Prevention Framework.

“We are quite happy with this. But the best way to prevent conflict, especially in relation to elections, is to ensure that it is free, fair and transparent,” he said.

Mark said the ADC was committed to peaceful conduct before, during and after the elections, urging ECOWAS to support efforts to ensure credible electoral processes.

“We in the ADC have committed ourselves to the highest standards of peaceful conduct before, during and after the elections. But we need ECOWAS to join us in insisting on a credible election now.

“We want the same thing: a peaceful and stable Nigeria and West Africa. This is why you must tell INEC that they must not do anything that could plunge Nigeria into a needless crisis.

“This must form part of your early warning signals,” he added.

The Head of Mission and former Vice-President of Sierra Leone, Victor Bockarie Foe, said the mission aimed to assess Nigeria’s preparedness for credible elections and the political atmosphere ahead of the polls.

Foe promised to convey the party’s concerns, alongside those of other stakeholders, to the regional body, emphasising Nigeria’s importance to peace and stability across West Africa.

Other members of the ECOWAS mission included Francess Piage Alghali, Commissioner for Political Affairs, Peace and Security; Julius Fofanah Sandy, representing the ECOWAS Permanent Representatives’ Committee; and Segrine Mamadou, Head of Electoral Assistance Division.

Continue Reading

NEWS

Obi Promises Emergency Measures on Security, Corruption, Poverty

Published

on

Share

Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has promised emergency measures to tackle insecurity, corruption, hunger and poverty, if elected.

Obi made the promise on Thursday during an interactive town hall meeting with a large crowd of supporters across party lines in Abakaliki.

The former Anambra governor said that Nigeria required purposeful leadership to achieve sustainable development, adding that he possessed the character, experience and capacity to lead the country.

He said that Nigeria had vast arable land and other resources that could transform its economy if properly harnessed.

According to him, the country must shift from consumption to production, particularly through agriculture and other productive sectors.

On the Federal Government’s borrowing, Obi said taking loans was not inherently wrong but became problematic when the funds were used for consumption rather than productive investments.

“It becomes wrong when the government borrows to buy a yacht, presidential plane and for consumption purposes,” he said.

He pledged that his administration would ensure transparency in public borrowing, insisting that Nigerians must know why loans were obtained and how the funds would be utilised.

On security, the presidential candidate promised to deploy modern technology and other effective measures to tackle insecurity and guarantee the safety of citizens across the country, irrespective of their locations.

Obi also vowed that anyone found guilty of corruption, including the President, would face prosecution and imprisonment in accordance with the law.

He said his vision was to build a Nigeria where citizens could achieve their aspirations through merit rather than personal connections.

“My dream is to see a Nigeria where the son of a nobody can become somebody without knowing anybody,” he added.

Obi, who expressed excitement over the turnout at the meeting, described himself as the most credible among the three leading presidential candidates.

He cited President Bola Tinubu of the All Progressives Congress (APC), former Vice-President Atiku Abubakar of the African Democratic Congress (ADC) and himself as the leading contenders.

He urged Nigerians to participate actively in the forthcoming election and protect their votes.

“You should vote for me because I am the most credible candidate among the leading candidates for the presidency,” he said.

Obi expressed optimism that Nigeria could achieve meaningful transformation under credible leadership, pledging to provide such leadership if elected. (NAN)

Continue Reading

Advertisement

Top Stories

DEFENCE6 minutes ago

Troops Neutralise 217 Terrorists, Rescue 349 Kidnap Victims, Arrest 333 Suspects in Oct

ShareBy David Torough, Abuja The Armed Forces of Nigeria (AFN) say troops neutralised 217 terrorists and other criminals, rescued 349...

POLITICS53 minutes ago

2027: Tompolo Mobilises Support for Tinubu in Ogun, says Economy Stabilising 

ShareThe Grand Patron of the PBAT Door-to-Door Movement, Government Ekpemupolo, has called on the people of Ogun State to massively...

NEWS2 hours ago

Henry Okeke Commends Mbah for Clearing Pension Arrears in Enugu

ShareBy Raphael Atuu, Abuja Barrister Henry Nnanna Okeke, a member of the Governing Council of Enugu State Polytechnic, Iwollo, has...

NEWS13 hours ago

2027: ADC Urges ECOWAS to Insist on Credible Elections in Nigeria

ShareThe National Chairman of the African Democratic Congress (ADC), Sen. David Mark, has urged the Economic Community of West African...

NEWS13 hours ago

Obi Promises Emergency Measures on Security, Corruption, Poverty

SharePresidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has promised emergency measures to tackle insecurity, corruption, hunger and...

NEWS13 hours ago

Why I Chose Music over Football – Mr Eazi

ShareAfrobeats star Mr Eazi has claimed that English club Chelsea FC wanted to sign him before they signed former Super...

NEWS13 hours ago

Court Grants Odumodublvck’s Lawyer Prayer for Adjournment

ShareAn Abuja High Court sitting in Life Camp on Thursday, granted another adjournment in the assault trial of a rapper,...

NEWS13 hours ago

RMD Makes History as PAO Conference Keynote Speaker

ShareVeteran Nollywood actor Richard Mofe-Damijo, popularly known as RMD, is set to become the first male motion-picture practitioner to deliver...

NEWS13 hours ago

Telecom Vandalism: The Human Cost of Nigeria’s Network Disruptions

ShareBy Usman Aliyu Going into labour in Benin City, Edo, Grace Osagie anticipated calling her husband, but unexpected phone issues...

NEWS13 hours ago

Over 74.4 Per Cent of Households Back Govt’s Right to Collect Taxes, says NESG 

ShareBy Tony Obiechina, Abuja The Nigerian Economic Summit Group (NESG) has said that 74.4 per cent of households recognise the...