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FG paid $500m to terminate Ajaokuta Steel contract – Minister
FG paid $500m to terminate Ajaokuta Steel contract – Minister
The Minister of Steel Development, Alhaji Shuaib Abubakar on Thursday disclosed that the Federal Government paid the sum of $500 in order to terminate the concession agreement on Ajaokuta Steel Company.
The minister, who disclosed this during an interactive session with the House of Representatives Committee on Steel Development in Abuja said the government was working assiduously to find a solution to the Ajaokuta Steel imbroglio.
He said, “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”.
According to him, the challenges had changed as new technology had come up and there had been innovations and there had been discussions around it but it had not been finalised.
“Funding is a big challenge to the Ministry of Steel Development. Steel industry will be the bed rock of industrialization if we have proper funding.
“I am still at a stage where to find a solution to the Ajaokuta Steel Company.
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On the $2 billion being requested to revive 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. I need all your support to make this a reality.”
Abubakar also disclosed that the nation spends $8 billion annually to import steel into the country, saying that it is in the best interest of Nigeria for the Ajaokuta Steel Company to work.
He noted that 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.
He said that it was in his own interest for Ajaokuta Steel to work, adding that he is from Kogi State and must push for such interest
Chairman, House Committee on Steel Development, Hon. Zainab Gimba, the urged the ministry to provide it with all the procurement process 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 superintend over it, Nigeria expected more from him.
FG paid $500m to terminate Ajaokuta Steel contract – Minister
News
INEC Warns ADC Against Holding Convention Without Supervision
INEC Warns ADC Against Holding Convention Without Supervision
The Independent National Electoral Commission (INEC) has cautioned the African Democratic Congress (ADC) against proceeding with its planned congresses and national convention without proper supervision and in defiance of an existing court order.
Chairman Joash Amupitan issued the warning during an interview on Arise TV on Friday, after the ADC insisted on going ahead with its convention despite INEC’s derecognition of the leadership faction linked to David Mark and Rauf Aregbesola.
Amupitan stressed that INEC’s actions were guided by legal considerations, particularly a subsisting court order restraining the ADC from taking steps that could undermine ongoing legal proceedings. “Don’t do anything. Don’t take any step that will render any proceeding before the court nugatory,” he said.
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He explained that the ADC’s plan to conduct congresses and a national convention is already part of a pending legal process, with motions related to the activities yet to be determined by the court. Ignoring the court’s directive, he warned, could result in invalidated elections or nullified internal party decisions, citing precedents in Zamfara and Plateau states where failure to comply with court orders affected electoral outcomes.
Amupitan highlighted the risks of repeating past mistakes, stressing that while the ADC is free to act as it chooses, INEC would not risk supervising illegal or unauthorized party activities. He reinforced the importance of adhering to the Electoral Act and judicial directives to ensure that party events are legally recognised and free from future challenges.
The INEC Chairman’s warning comes amid heightened tension within the ADC, with the faction led by David Mark facing derecognition and ongoing litigation over the party’s legitimate leadership. Analysts note that the statement underscores INEC’s commitment to rule of law, legal compliance, and internal party democracy, especially as Nigeria approaches the 2027 general elections.
INEC Warns ADC Against Holding Convention Without Supervision
News
Presidency Clarifies Why Tinubu Met Plateau Victims Only at Airport
Presidency Clarifies Why Tinubu Met Plateau Victims Only at Airport
The Presidency has clarified why President Bola Tinubu did not leave the airport during his recent visit to Jos, amid public criticism. Officials said the decision was driven by tight scheduling, logistical constraints, and aviation safety concerns.
President Tinubu visited Jos North Local Government Area, where he met with families of victims killed in the Angwan Rukuba attack. Speaking to the bereaved, he said, “You have no light at the airport, and I have to fly back within the next 10 minutes. To the victims, there’s nothing I can give you, whether it’s money in millions, but console you and promise you that this experience will not repeat itself.”
The visit was attended by political supporters, traditional rulers, security operatives, and other stakeholders. However, Tinubu’s airport-only engagement drew criticism, with some accusing him of insensitivity toward grieving families.
In response, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, explained that Tinubu’s schedule on Thursday included receiving Chadian President Mahamat Idriss Déby Itno at the Presidential Villa before traveling to Iperu in Ogun State. Following a security briefing by Plateau Governor Caleb Mutfwang, the Ogun trip was canceled, and an emergency visit to Jos was arranged overnight.
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Officials said logistical challenges made a town visit impractical. The airport runway does not support night flights, and the road distance from the airport to Jos township is about 40 minutes. These factors made it unfeasible for the President to visit the conflict site, meet victims in town, and return to the airport safely before dusk.
To ensure engagement, representatives of affected communities were brought to a hall adjoining the airport, allowing Tinubu to meet directly with victims, local leaders, and security officials. Among attendees were the Minister of Defence, the Chief of Army Staff, and the Inspector General of Police, who had visited Rukuba to assess security operations.
During the meeting, the President consoled victims, listened to their concerns, and assured justice would be delivered. He also promised the deployment of 5,000 AI-enabled surveillance cameras to monitor the city and enhance the identification and arrest of troublemakers. Furthermore, he invited community leaders to Abuja for additional talks on long-term solutions to recurring violence in Plateau State.
The Presidency described the visit as a strategic, high-level engagement aimed at addressing the root causes of conflict, rather than a symbolic gesture. Officials emphasized that Tinubu’s approach prioritized safety, efficiency, and direct interaction with key stakeholders while adhering to flight and logistical constraints.
Despite the criticisms, the televised meeting was seen as reassuring by residents, signaling the President’s commitment to peace, security, and community-driven solutions in Plateau State.
Presidency Clarifies Why Tinubu Met Plateau Victims Only at Airport
News
Heavy Security Deployed at INEC Headquarters Abuja Amid Planned ADC Protest
Heavy Security Deployed at INEC Headquarters Abuja Amid Planned ADC Protest
Armed security forces on Thursday surrounded the Independent National Electoral Commission (INEC) headquarters in Abuja as tensions escalated over a planned protest by supporters of the African Democratic Congress (ADC). The move comes amid a deepening leadership crisis within the party, which has split into rival factions, prompting agitation and nationwide attention.
Eyewitnesses reported a strong presence of Nigeria Army personnel, with armoured vehicles stationed at strategic points around the INEC complex in the Maitama district. The Nigeria Police Force, Department of State Services (DSS), and Nigeria Security and Civil Defence Corps (NSCDC) also reinforced security, restricting movement and monitoring activities closely to prevent potential clashes.
The heightened security follows INEC’s decision to remove the names of Senator David Mark and former Osun State Governor Rauf Aregbesola as National Chairman and National Secretary of the ADC from its official portal. The commission said this action complied with preservatory orders issued by the Court of Appeal, directing all parties to maintain the status quo until the Federal High Court delivers a final judgment.
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The ADC dispute has created two competing camps: one backing David Mark and the other supporting Nafiu Bala Gombe as acting chairman. Both sides have sent conflicting communications to INEC, further complicating the situation and sparking the threat of protests at the commission’s headquarters.
“The names of the current National Working Committee members led by Senator David Mark… would be removed from the INEC portal pursuant to the order of the Court of Appeal to maintain the status quo ante bellum,” INEC stated, clarifying that it would suspend recognition of any faction until judicial resolution.
Supporters of the ADC have accused INEC of bias and interference in the party’s internal affairs. Civil society groups and political commentators have urged restraint and neutrality from the electoral commission to prevent further escalation of tensions.
Security operatives set up checkpoints and roadblocks around INEC headquarters, with armed personnel maintaining a visible presence. The deployment is viewed as a preventive measure to avert potential clashes or breakdown of law and order while the legal dispute unfolds.
Political observers note that the heavy security presence at INEC highlights the growing intersection of party politics and public order in Nigeria, as the ADC leadership tussle remains unresolved and could influence upcoming electoral processes.
Heavy Security Deployed at INEC Headquarters Abuja Amid Planned ADC Protest
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