Friday, June 22, 2018

Tag "Ajaokuta Steel Company"

    301 reps sponsor bills to halt concession of Ajaokuta steel

301 reps sponsor bills to halt concession of Ajaokuta steel

Two bills seeking to stop the concession of Ajaokuta steel company scaled second reading at the house of representatives on Thursday.They include a bill for an act to provide for the Ajaokuta Steel Company completion fund and a bill for an act to amend the public enterprise privatisation and commercialisation act.Nkem Uzoma from Abia state and 300 other lawmakers are sponsoring [...]

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    Reps ask Fayemi to channel his complaints to committee on Ajaokuta Steel Company

Reps ask Fayemi to channel his complaints to committee on Ajaokuta Steel Company

The house of representatives has asked Kayode Fayemi, minister of mines and steel development, of abusing his office with his conduct regarding the Ajaokuta Steel Company.In a statement on Friday, the house maintained its stand that the minister is allegedly trying to concession the company “through the back door”.On Thursday, Fayemi described as false the lawmakers’ claim that the transactional [...]

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    ‘No going back on concession of Ajaokuta plant’ — FG dares house of reps

‘No going back on concession of Ajaokuta plant’ — FG dares house of reps

The federal government says it will no longer spend a dime on Ajaokuta steel plant located in Kogi state.Kayode Fayemi, minister of mines and steel development, said this at a press conference in Abuja on Thursday.He said the government will go ahead with plans to concession the company, a move the house of representatives had opposed.Yakubu Dogara, speaker of the [...]

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    Dogara: Ajaokuta steel abandoned after gulping $5.1bn… are we bewitched by sorcerers?

Dogara: Ajaokuta steel abandoned after gulping $5.1bn… are we bewitched by sorcerers?

Yakubu Dogara, speaker of the house, says the total amount of $5.1 billion has so far been invested in the Ajaokuta steel company located in Kogi state.Dogara, therefore, condemned reported moves to concession the company, wondering if Nigeria has been “bewitched by some powerful sorcerers”.Dogara said this on Thursday while speaking at the sectoral debate organised by the house of [...]

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    Many geologists are riding ‘Okada’, says UI prof

Many geologists are riding ‘Okada’, says UI prof

Olugbenga Okunlola, a professor of geology at the University of Ibadan, says most of the geologists in the country are not practising what they studied in school.Okunlola, a board member of the Nigeria Extractive Industries Transparency Initiative (NEITI),  made the statement at the south-west zonal stakeholders' workshop of the agency in Abeokuta.He went down memory lane, tracing the origin of [...]

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    Ajaokuta steel plant ‘to provide 500,000 jobs’ when operational

Ajaokuta steel plant ‘to provide 500,000 jobs’ when operational

The federal government says the first phase of Ajaokuta steel company will provide 500,000 upstream and downstream employment when it becomes operational.Isah Onobere, the sole administrator of the company, made this known on Friday.Onobere said that the first phase of the plant would also provide direct employment for 10,000 technical staff when inaugurated.He also said the first phase had been [...]

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    110mw Ajaokuta power plant to come alive again

110mw Ajaokuta power plant to come alive again

Ajaokuta Steel Company Ltd (ASCL) has signed a Memorandum of Understanding (MoU) with 3D-High Tech Systems Ltd, for the reactivation of its 110MW thermal power plant.Signing on Friday on behalf of the company, Joseph Onobere, sole administrator of ASCL revealed that the objective of the MoU is to generate energy for the steel plant and for sale to the national [...]

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June 21, 2018USDGBPEUR
INTERBANK360.45492.18420.32
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