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Nigeria Requires N35bn to Restart Ajaokuta Light Steel Section -Minister

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The Federal Government says it has reached an advanced stage of raising more than N35 billion required to restart the Light Mill Section (LMS) of the Ajaokuta Steel Company.

The Minister of Steel Development, Prince Shuaibu Audu, said this at  the Ministerial Sectoral Update on the performance of President Bola Tinubu’s administration in the last one year,on Thursday in Abuja.

Audu said that a presidential approval had been given to raise the amount from a local financial institution, as part of the Tinubu’s administration resolve to boost the economic profile of Nigeria.

“The local financial institution has given us a final offer.

“I have done a cover letter and forwarded the relevant documents to the Minister of Finance to be able to take the financing on behalf of the Federal Government,” he said.

He said that the LSM had the capacity of producing 400,000 metric tonnes of iron rods per annum, and was critical in shoring up industrialisation in Nigeria.

According to him, he is working closely with the minister of works to supply the iron rods needed for road construction projects in the country from the section.

“There are so many roads being constructed in the country, about 30,000km of roads across the six geo-political zones.

“We understand that the ministry of works needs about seven million metric tonnes of iron rods over that four year period (first term) to construct these roads, Ajaokuta can produce 400,000 tonnes,” he said.

He said that advanced discussions were held with the Minister of Defence, who is in charge of Defence Industries Corporation of Nigeria (DICON), to revive its engineering workshop to produce military hardware to enhance security in Nigeria.

“So what is required is that we have a Metallurgical Development Centre that has the ability to provide us with the lead and zinc required, to be able to provide and produce some of these military hardware,” he said.

Audu said that plans were ongoing to revive the Ajaokuta 110 Megawatts power plant that could supply power not only to the plant, but also to the national grid.

According to the minister, due to the paucity of funds, it is engaging in a public private partnership where the asset will be used as the collateral vessel to providing financing.

He said talks were ongoing with three potential investors which are: Transcorp power, NigerDelta Power Holding Company and Reticulated Global Engineering.

The minister said the mandate of the ministry was to revive both the Ajaokuta Steel Company and the National Iron Ore Mining company, and also to revive the steel industry, adding that it had engaged experts.

According to the minister, the vision is critical to the Renewed Hope agenda of the president, whose desire is to grow the economy of Nigeria to more than one trillion dollars by the end of the first term, thereby, making the country a G20. Economy.

He said that a minimum of two million dollars was needed to revive Ajaokuta steel, adding that the plan was to concession the company to people that had the competence to get the job done. (NAN)

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New Medical Doctor Appreciates Ex-Reps Deputy Chief Whip, Hon Adekoya for University Sponsorship

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By Mike Odiakose, Abuja

A fresh graduate medical doctor from Olabisi Onabanjo University, Ogun State, Dr Ogunmakinju Oluwaseun, has expressed touching appreciation to a former Deputy Minority Whip of the House of Representatives, Hon Adesegun Abdel-Majid Adekoya, for the full sponsorship of his university education.

Hon Adekoya is the founder of Prince Abdel-Majid Foundation (PAM Foundation), a non-governmental organisation engaged in uplifting Nigerians, especially the less privileged, children, youths and women.

In an open letter of appreciation, Dr Ogunmakinju Oluwaseun, said his dream of becoming a medical doctor would have been a mirage if it not for the support of Hon Adekoya who stood by him in the past six years.

He declared that Hon Adekoya, popularly known as Attacker from his football-playing days as a youth, took over the full sponsorship of his university education without allowing him to pay a dime.

He also added that through the mentorship of Hon Adekoya he was able to emerge as the President of OOU Students Union.

He declared that his stint as SUG President has already instilled leadership qualities in him.

Dr Ogunmakinju Oluwaseun wrote: “Dear Rt. Hon. Abdul-Majid Adekoya Adesegun, I write with a heart full of gratitude to sincerely appreciate you for being the sole benefactor of my academic journey.

“From my very first day in 100 Level to my final year in 600 Level, your generosity through the scholarship you granted me has been the bedrock of my success.

“Today, by the grace of God and through your unwavering support, I have emerged as a qualified medical doctor. This achievement is not mine alone; it is a testament to your belief in me, your investment in my future, and your commitment to empowering the next generation.

“Words cannot fully capture the depth of my appreciation, but I pray that the Almighty rewards you abundantly, grants you good health, and continues to bless your endeavors.

“Your kindness has not only changed my life but has also inspired me to be a source of help to others, just as you have been to me.

“Thank you for making my dream a reality.”

Ogunmakinju Oluwaseun added: “I wish to sincerely appreciate ATTACKER for taking full responsibility for my tuition fees from 100 Level to 600 Level — without allowing me to pay a dime.

“This rare and life-changing opportunity, made possible through the Prince Abdul Majid Foundation (PAM Foundation), is something I will forever hold in deep gratitude.

“Today, after 6 years of rigorous training, I proudly stand as a Medical Doctor, awaiting the privilege of taking the Hippocratic Oath soon.

“Beyond academics, the leadership lessons I gained under the mentorship of Rt. Hon. Adekoya gave me the edge to emerge as OOU Students’ Union Government President.

“And academically, I am proud to have made a Distinction in of of the courses I offered during my journey through medical school.

“Thank you for believing in me, investing in my dreams, and giving me the platform to grow both as a leader and a scholar.”

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Bandit Tax in Zamfara, Ghost Town in Kwara, signs of Failure – ADC

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By Johnson Eyiangho, Abuja

The African Democratic Congress (ADC) has expressed deep concern over the reported extortion of over N56 million from farmers in Zamfara State by armed groups as well as the chilling video of an entire village in Ifelodun Local Government of Kwara State, completely abandoned to bandits.

The party noted that Nigeria, under President Tinubu and the APC is sliding into a dangerous new phase of state failure.
In a statement by its National Publicity Secretary, Mallam Bolaji Abdullahi, on Friday, the party said a situation where farmers had to pay money to terrorists before they could gain access to their own farmlands, is not just a Zamfara tragedy, but a national warning.
Abdullahi said that a situation where people had to abandon an entire town to bandits, in the very heart of the country, is not just a local challenge but an evidence of national surrender. “When armed gangs can collect N56 million from farmers for the ‘right’ to plant food, the issue is no longer about insecurity. It is about criminal elements contesting the right to govern a part of Nigeria. When criminals can tax citizens at gunpoint, it means the state has surrendered its monopoly of force and state authority is in retreat.” The statement said it is discouraging that this could be happening in a country with one of the largest defence budgets in Africa, yet its farmers were left to bargain with warlords for their survival. It recalled that in the same Zamfara state only a few days ago about 50 people were abducted in one swoop, saying that added to this is the eerie picture of an entire town where all the people, the young, the old and the infirm had to seek refuge elsewhere for fear of bandits attacks. Abdullahi said there were other cases which showed alarming pattern suggesting that other parts of the country considered safe may not be so for long. “The pertinent question therefore is whether the Tinubu-led APC government is still in charge and can still be trusted to do its most fundamental duty, which is to protect the lives and properties of Nigerians. “We recall that in November 2014, President Bola Tinubu, leader of opposition party at the time, asked President Goodluck Jonathan to resign over the Boko Haram Challenges in The North-East of the country. His words: “If you control the armed forces and you are the Commander-in-Chief of the Armed Forces of the Federal Republic, why should any part of this country be under occupation? And you give us excuses every day. In any civilized country Jonathan should have resigned.”He said though the security situation that President Tinubu was using to campaign in 2014 had multiplied exponentially under his party and is currently enjoying great prosperity under his direct watch, no one is calling on him to resign. “The ADC does not want President Tinubu to resign. We only ask him to do his job. We also ask the pertinent question, why did the President think that the security situation in Rivers State warranted the declaration of state of emergency, but the one in Zamfara with industrial scale kidnapping and a direct challenge to the authority of the Nigerian State by way of bandit tax does not even deserve a direct comment from him,” the statement asked.It urge President Tinubu to drop whatever else that pre-occupied him and direct his attention to Zamfara State and other parts of the country menaced by bandits. “If the Tinubu administration cannot guarantee the safety of our farms and farming communities, if people could be forced to abandon their homes out of fear, then it has failed in its most basic responsibility. You cannot boast that you are in charge of your country while your citizens are negotiating their survival with criminals.”

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Oyo govt Denies Fake Pension Verification Notice

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The Oyo State Government has denied a notice currently circulating among pensioners concerning a supposed verification exercise. This is contained in statement in Ibadan on Friday by the Commissioner for Establishments and Training, Prof. Salihu Adelabu. Adelabu described as fake any message requesting pensioners to submit photocopies of their pension certificate, account details, and phone numbers to the ministry.

He urged pensioners to ignore such messages and remain vigilant against misinformation targeting retirees.
He emphasised that the ministry would contact eligible individuals only when it is their turn to receive their benefits. The Commissioner added that all official information is communicated solely through recognised and credible channels.
Adelabu advised pensioners to verify any suspicious message before acting, and reaffirmed the state’s commitment to retirees’ welfare. He said the government would continue to uphold transparency and due process in pension and gratuity matters. He also called on the public to share only verified information, saying protecting pensioners from fraud is a shared duty. (NAN)

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