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Hope Rises for AJASTEEL, As FG Inaugurates Presidential Project Implementation Team

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The Federal Government has inaugurated the Ajaokuta Presidential Project Inauguration Team (APPIT) to help revamp the company in line with the recent agreement reached with Russia to resuscitate the steel company.

Inaugurating the team, on Monday, in Abuja, Secretary to the Government of the Federation SGF, Boss Mustapha, who chairs the team noted that “the Ajaokuta Steel plant has languished in economic unproductivity for about four decades and previous efforts at reviving it had proved abortive.”

He said this has resulted in avoidable massive foreign exchange losses at an intolerable opportunity cost to the country, adding that the pressing need to redress these avoidable challenges has necessitated the current Presidential intervention.

“This is further underscored by difficulties being witnessed with present challenges in the global oil industry,” he added.

According to Mustapha, revamping the Ajaokuta Steel Plant, therefore clearly presents a unique opportunity to make the country West Africa’s largest fully integrated steel producer and most importantly accelerate her industrialization especially in steel-related industries.

Ajaokuta Steel Plant

Speaking further, he said; “this government places a lot of value on the diversification of the economy, hence, Mr President’s participation at the Russia-Africa Summit last year in Sochi, to discuss the resuscitation of the Ajaokuta Steel Plant with his Russian counterpart, President Vladimir Putin.

“Following the bilateral discussions in Sochi, Russia, the Ajaokuta Steel Project is to be resuscitated on the basis of a Government-to-Government agreement with funding from the Afreximbank and the Russian Export Centre. However, one of the key issues discussed by the parties was the Technical Audit, Upgrade, Completion and Operation of the Ajaokuta Steel Company.

“Today’s inauguration of the “Ajaokuta Presidential Project and Implementation Team” (APPIT) is therefore meant to kick start the process of re-directing the activities of the Steel Plant with the aim of bringing the Steel Project back to life for the growth and economic development of our dear nation.

“I am happy to note that preliminary works have commenced determining parameters for the effective and coordinated take-off of rehabilitation works on the Steel plant. It is on this note that Mr President graciously approved the composition of this Implementation Team that is being inaugurated today.”

Boss Mustapha
SGF and Team Leader


The team is to engage in all bilateral negotiations as shall be necessary on behalf of the Federal Government of Nigeria leading to the execution of the Government-to-Government Agreement with the Russian Federation and the Afreximbank.

While it will also provide all relevant technical and other inputs necessary to close the Government-to-Government negotiations, the team is to ensure that the best extreme possible, all relevant raw materials are sourced locally, bearing in mind the local content provisions and the Presidential Executive Order 005.

Other tasks set before the team are to scrutinise and assemble Nigerian Content Engineering, Procurement and Construction (EPC), Special Purpose Vehicle Contractors which will embody the Co-Concessionaire representing Nigeria’s interest in the Build-Operate-Transfer (BOT) Concession;

“Ensure the resuscitation of Ajaokuta Steel Plant (ASP) based on the original design, and ensure timely commissioning of the Ajaokuta Steel Plant (ASP) within a reasonable period to be agreed upon by the parties to the agreement and recommend primary tenure of a Build-Operate-Transfer (BOT) Concession.”

The membership of the Ajaokuta Presidential Project Implementation Team (APPIT) include the Minister of Mines and Steel Development who would serve as alternate Chairman, Permanent Secretary, Ministry of Finance, Solicitor General of the Federation and Permanent Secretary, Ministry of Justice, as well as Mr Gabriel Aduda, a Permanent Secretary in the Office of the SGF.

Others are the Sole Administrator, Ajaokuta Steel Company Ltd, Engr. Ismaila Aka’aba, Sole Administrator, National Iron Ore Mining Company, Engr. Vincent Dogo, Prof. Elegba S.B., Dr Godwin Adeogba (the trio being Industry Experts), Director-General, ICRC and Director Steel, Ministry of Mines and Steel Development

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Despite Earlier Apprehensions, Senators Agree on Funding for Development Commissions

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Despite Senators’ division over new regional development commissions’ funding arrangement, Lawmakers in the Red Chamber on Thursday finally agreed on the source of funding for the newly created zonal development commissions.

The arguments had unfolded as the Senate and House of Representatives moved forward with legislation to establish these commissions, which were also stripped of operational immunity for their boards and executives.

The disagreement emerged during the clause-by-clause consideration of the South-South Development Commission Establishment Bill 2024, which serves as the structural template for other zonal commissions.
Central to the debate was the Senate Committee on Special Duties’ recommendation that 15% of statutory allocations from member states be directed toward funding these commissions.

Several Senators, including Yahaya Abdullahi (PDP, Kebbi North), Wasiu Eshinlokun (APC, Lagos East), and Seriake Dickson (PDP, Bayelsa West), voiced concerns over the proposed funding model.

 

 

Senator Abdullahi warned that the provision could lead to legal challenges from state governments, as no state would willingly allow its statutory allocation to be reduced.

“Mr President, distinguished colleagues, the 15% of statutory allocations of member states recommended for funding their zonal development commissions would be litigated against by some state governments,” Abdullahi said.

Seeking to clarify the matter, the Deputy President of the Senate, Barau Jibrin, quickly intervened.

He explained that the 15% allocation would not involve a direct deduction from the states’ funds.

He said, “Mr President, distinguished colleagues, the 15% of statutory allocation of member states, recommended for funding of Zonal Development Commissions by the federal government, is not about deduction at all.

“What is recommended, as contained in the report presented to us by the Committee on Special Duties and being considered by the Senate now, is that 15% of the statutory allocation of member states in a zonal development commission would, by way of calculation by the federal government, be used to fund the commission from the Consolidated Revenue Fund.

“Each state has a monthly statutory allocation, 15% of which, as contained in this report being considered, will be calculated by the federal government and removed from the Consolidated Revenue Fund for funding of their Development Commission.”

Despite Barau’s explanation, several senators remained unconvinced and expressed their desire to contribute to the debate.

However, Senate President Godswill Akpabio stepped in, asserting that the provision was constitutionally sound.

“We don’t need to debate whether 15% of statutory allocations from member states in a commission would be deducted,” Akpabio said, citing Section 162(4) of the 1999 Constitution, which grants the National Assembly the authority to appropriate funds from either the Consolidated Revenue Fund or the Federation Account.

“Fifteen percent of the statutory allocation has been recommended by the Senate, and by extension, the National Assembly, for funding these zonal development commissions. Anyone who wishes to challenge that in court is free to do so,” he added.

Akpabio then called for a voice vote, and the majority voted in favour of the provision.

In his remarks following the passage of the consolidated bills, Akpabio expressed gratitude to the Senators for their efforts in finalising the Zonal Development Commissions.

He noted that these commissions would provide a foundation for the newly created Ministry of Regional Development.

The bills passed include the South-South Development Commission Establishment Bill 2024, the North West Development Commission Act (Amendment) Bill 2024, and the South-East Development Commission Act (Amendment) Bill 2024.

The South West Development Commission Establishment Bill 2024 and the North Central Development Commission Establishment Bill 2024 were previously passed.

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Tinubu Seeks Senate Confirmation for Seven Ministerial Nominees

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By Elizabeth Okwe and Ojone Grace Odaudu

President Bola Ahmed Tinubu on Thursday urged the Senate to screen for confirmation, seven nominees for appointment as ministers.

Senate President Godswill Akpabio read President Tinubu’s letter of request during plenary.

The ministerial nominees for Senate’s consideration and approval are, Dr Nentawe Yilwatda (Humanitarian Affairs and Poverty Reduction); Muhammadu Dingyadi (Labour & Employment); Bianca Odumegwu-Ojukwu (State Foreign Affairs), and Dr Jumoke Oduwole (Industry, Trade and Investment).

Others are, Idi Mukhtar Maiha (Livestock Development), Yusuf Ata (State, Housing and Urban Development), and Dr. Suwaiba Ahmad (State Education).

Akpabio referred the nominees to the Committee of the Whole for further legislative work as soon as possible

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Tinubu Fires More Ministers

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By Elizabeth Okwe and Ojone Grace Odaudu

President Bola Ahmed Tinubu has fired at least five ministers

The ministers are

1. Barr. Uju-Ken Ohanenye, Minister of Women Affairs

2. Lola Ade-John, Minister of Tourism

3. Prof Tahir Mamman, Minister of Education

4. Abdullahi Muhammad Gwarzo, Minister of State, Housing and Urban Development

5. Dr. Jamila Bio Ibrahim, Minister of Youth Development.

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