The Minister of Mines and Steel Development, Arc Olamilekan Adegbite, says the Federal Government has engaged a British firm to revive the Ajaokuta Steel Company Limited “for free”.

He said the decision was taken after the outbreak of war between Russian and Ukraine

He said this while responding to questions from State House reporters at the Special Weekly Briefing coordinated by the Presidential Communications Team in Abuja.

The minister, while speaking on the efforts to revive the Steel Company under the current administration, said President Muhammadu Buhari had earlier released the sum of $2b in 2020 to revive the project under an arrangement with a firm comprising both Russians and Ukrainians.

https://dailytrust.com/ukraine-war-fg-snubs-russia-picks-british-firm-for-ajaokuta-steel-revival



https://www.youtube.com/watch?v=rJPrWqpxg24

You're deceiving yourself. How will British do turn around maintenance for installations that were installed by Russians from the onset with all units and components up till manual written in Russian language and heavily dependent and reliant on Russian engineering tech?.

Its what happens when people get overly sensational all of a sudden. Russia since USSR has been very good to Nigerians, don't lift a finger in a battle that is bigger than you.


Now to the core issue at hand. The Ajaokuta steel complex was developed by the country by the Russians from the very onset and the Russians took pre-emptive measures to ensure anything around it is done through them and them only.


Almost the entire schematics have Russian inscriptions and manuals and operators needed to be solely trained by Russians to operate them


Secondly, some of the core operational resources used in the production chain line can only be supplied by Russia. No other nation on earth has these highly specialized resources and components

Hence, nothing can be done to Ajaokuta steel complex without the Russians.


Why then has it been made useless for over two decades without use as other like steel industrial complexes.

Here lies what the whites are not telling you guys. British and Russians alike. I know these well hidden truths first hand, cause as a genius with 160+ IQ, I'm privy to highly classified information across these complex issues. Saying this humbly. Though



To make any nation great, one doesn't need politicos, lack of corruption like APC and PDP have both been throwing banters for years


To make any nation great, a nation needs key things like :

Highly operational chemical industrial completed, highly optimized metal refining and processing complex which ranks as the core bedrock of all forms of heavy productivity and industrialization.


So, here's the bane of the matter, take away any nations ability to heavily produce,refine nd process metals and such a nation becomes useless. I dare to say it anywhere



Mind you guys, between 2001 and today over $60 Billion has been spent on revamping the steel complex in batches of $2- $20 Billion for every time it hits the news that repairs are been done.


Guess what guys, it takes average of $15-20 Billion dollars to build a modern one


Same strategy to make the oil and gas industry useless is what's playing here to. The oligarchist and the deliberate desire to keep the nation under developed is the motive behind this.


Who knows if Dangote will also spot this opportunity.


Cc Sarkinyarki
Aconomist

The minister, while speaking on the efforts to revive the Steel Company under the current administration, said President Muhammadu Buhari had earlier released the sum of $2b in 2020 to revive the project under an arrangement with a firm comprising both Russians and Ukrainians.
Chai.... It is finished

Like they give a Bleep

The one we have been fighting for more than 10 years nko

God go punish Buhari x500

If at all is true, does Buhari government knows what they doing?a deceit APC government, let's watch and see

Any time nigeria strike deal with British government i dey forget am

British govt and complicity in looting with federal govt no be here

They have that history

DoctorOlasDesk:
You're deceiving yourself. How will British do turn around maintenance for installations that were installed by Russians from the onset.

Its what happens when people get overly sensational all of a sudden. Russia since USSR has been very good to Nigerians, don't lift a finger in a battle that is bigger than you.


Now to the core issue at hand. The Ajaokuta steel complex was developed by the country by the Russians from the very onset and the Russians took pre-emptive measures to ensure anything around it is done through them and them only.


Almost the entire schematics have Russian inscriptions and manuals and operators needed to be solely trained by Russians to operate them


Secondly, some of the core operational resources used in the production chain line can only be supplied by Russia. No other nation on earth has these highly specialized resources and components

Hence, nothing can be done to Ajaokuta steel complex without the Russians.


Why then has it been made useless for over two decades without use as other like steel industrial complexes.

Here lies what the whites are not telling you guys. British and Russians alike. I know these well hidden truths first hand, cause as a genius with 160+ IQ, I'm privy to highly classified information across these complex issues. Saying this humbly. Though



To make any nation great, one doesn't need politicos, lack of corruption like APC and PDP have both been throwing banters for years


To make any nation great, a nation needs key things like :

Highly operational chemical industrial completed, highly optimized metal refining and processing complex which ranks as the core bedrock of all forms of heavy productivity and industrialization.


So, here's the bane of the matter, take away any nations ability to heavily produce,refine nd process metals and such a nation becomes useless. I dare to say it anywhere



Mind you guys, between 2001 and today over $60 Billion has been spent on revamping the steel complex in batches of $2- $20 Billion for every time it hits the news that repairs are been done.


Guess what guys, it takes average of $15-20 Billion dollars to build a modern one


Same strategy to make the oil and gas industry useless is what's playing here to. The oligarchist and the deliberate desire to keep the nation under developed is the motive behind this.


Who knows if Dangote will also spot this opportunity.


Cc Sarkinyarki
Aconomist

they are really deceiving themselves

Lies nodey sell again, some weeks ago, A news made front page that UK Government wanted to fix this particular Steel company for free.

What happened?

Nigerians are truly learning from their slave masters MSM

Second time within a few days of this same story. Doesn't the so called "British firm" have a name ? Let's forget about the bidding process and what not

He is running from sanctions

lol, no be only snub na bomb. Does beggy beggy Nigeria have choice? Are they wise enough to know that nothing goes for nothing or too old?

This is just an avenue to loot massively for 2023 election.

Ajeokuta na their ATM govt after govt.

Britain has always been an accomplice to Nigeria looters.

Nigeria did the right thing

We cannot survive any sanction

Another scam. A steel mill that can't boast of a sheet of steel after 7yrs.

Dead man. Like russia �� gives a Bleep about the dumb head

Abi Buhari won collect for Putin hand ni??

Another avenue to loot

[s]

DoctorOlasDesk:
You're deceiving yourself. How will British do turn around maintenance for installations that were installed by Russians from the onset.

Its what happens when people get overly sensational all of a sudden. Russia since USSR has been very good to Nigerians, don't lift a finger in a battle that is bigger than you.


Now to the core issue at hand. The Ajaokuta steel complex was developed by the country by the Russians from the very onset and the Russians took pre-emptive measures to ensure anything around it is done through them and them only.


Almost the entire schematics have Russian inscriptions and manuals and operators needed to be solely trained by Russians to operate them


Secondly, some of the core operational resources used in the production chain line can only be supplied by Russia. No other nation on earth has these highly specialized resources and components

Hence, nothing can be done to Ajaokuta steel complex without the Russians.


Why then has it been made useless for over two decades without use as other like steel industrial complexes.

Here lies what the whites are not telling you guys. British and Russians alike. I know these well hidden truths first hand, cause as a genius with 160+ IQ, I'm privy to highly classified information across these complex issues. Saying this humbly. Though



To make any nation great, one doesn't need politicos, lack of corruption like APC and PDP have both been throwing banters for years


To make any nation great, a nation needs key things like :

Highly operational chemical industrial completed, highly optimized metal refining and processing complex which ranks as the core bedrock of all forms of heavy productivity and industrialization.


So, here's the bane of the matter, take away any nations ability to heavily produce,refine nd process metals and such a nation becomes useless. I dare to say it anywhere



Mind you guys, between 2001 and today over $60 Billion has been spent on revamping the steel complex in batches of $2- $20 Billion for every time it hits the news that repairs are been done.


Guess what guys, it takes average of $15-20 Billion dollars to build a modern one


Same strategy to make the oil and gas industry useless is what's playing here to. The oligarchist and the deliberate desire to keep the nation under developed is the motive behind this.


Who knows if Dangote will also spot this opportunity.


Cc Sarkinyarki
Aconomist

[/s]
Cry and wail all you want, he is the president and has taken decision on the approach he considered best for the country and a lot of consultation must have been made with experts in the industry before he arrived at that point.

You on the other hand who knows next to nothing other than insulting him from morning till night can continue wailing all you want, it won't change nadda.

So happy wailing with useless epistles on nairaland and other social media.

Before nko, we can't stand the western ban

My sincere advice to President Buhari is that he should be wary of the Britons, they are coded saboteurs

Trust our bad system to collapse Ajaokuta.
The British company is willing, but various Nigerian authorities will not.

They will kill the project.

What have you guys being doing for eight years now!Bunch of confused fellows!! So inconsistent!!!

This one has never had sense in his life and can never have sense. Isn't it logical that the best person to fix it is the person that started it? Ajaokuta was constructed by the Russians and it only makes sense that you allow them to finish it.

He did it just to avoid sanctions from collecting loans .

The British that will turn around and rip off the little resources that is still remaining for us to manage

The British that have been ripping off the country for years.

Them no go do anything.
I will be surprised if there do

This is first time Buhari used his reasoning faculty to the fullest and adequately well,Buhari knows the volumes of aids flowing from Britian and US he wouldn't like to line up with few league of nations which are partially in support of Russia and rejecting the recent call by US for solidarity of African nations against Russia.