Connect with us

Metro News

FG Renegotiates Concession Deal With Indian Coy, Takes Over Ajaokuta

Published

on

Ajaokuta-Pramod Mittal-Bawa Bwari-Vice President Yemi Osinbajo-Kayode FayemiThe Federal Government’s plan to revive the steel sector received a massive boost on Monday with the signing of a renegotiation concession agreement with Global Steel Holdings Limited for the Nigerian Iron Ore Mining Company (NIOMCO), Itakpe.

With the renegotiated agreement, the Ajaokuta Steel Complex has also been reverted to the Federal Government, effectively releasing the entity from all contractual bottlenecks that had left it uncompleted and non-functional for decades, while GSHL retains NIOMCO.

The new agreement, which came after four years of mediation, was signed at a short ceremony presided by the Vice President, Prof. Yemi Osinbajo (SAN), in his office at the Presidential villa on Monday.

Minister of Solid Minerals Development, Dr Kayode Fayemi, signed on behalf of the government, while Chairman of GSHL, Prammod Mittal signed on behalf of the company.

The Minister of State for Solid Minerals Development, Hon. Abubakar Bwari; the International Mediator, Mr. Phillip Howell-Richardson, and top officials of the Ministries of Justice and Solid Minerals Development, also witnessed the signing ceremony.

Speaking at the event, Prof. Osinbajo hailed the mediation process that led to the resolution of the problem that has made it impossible for the two national assets to be functional for years.

He added that it was important the concession works “so that Ajaokuta can take off too”.

SEE: Ajaokuta Steel Mill To Be Completed This Year, Fayemi Assures

Fayemi, who led the Federal Government side in the mediation process, said with the new agreement on NIOMCO, the next step is to commence the process of taking over Ajaokuta and ensuring that it is given out to a serious operator with proven technical and financial capacity.

Ajaokuta-Pramod Mittal-Vice President Yemi Osinbajo-Kayode Fayemi

Fayemi said: “It is our expectation that we would accomplish two things – bring NIOMCO to full function and start the process of retaking Ajaokuta and then give it to a new operator.

“With this, we will move from being just a mineral nation to a mining nation.

“Once the first phase of the agreement is accomplished, it is the intention of the FGN to quickly move into accomplishing the objectives of concessioning the Ajaokuta Steel Plant to the most competent operator who meets the requirements of credible track record, technical capacity and financial competence”.

The minister described the settlement as a landmark development that would help the diversification plans of the President Muhammadu Buhari administration.

In his remarks, the GSHL Chairman, Mr Mittal, said the company waited for eight years to achieve this amicable settlement.

Mittal pledged the commitment of his company to the objectives of the agreement and guaranteed supply to Ajaokuta plant and Delta Steel Company, after which it will sell what is left to other interested parties.

He assured the government of its readiness to commence operation soon, adding that in the next two years Nigeria would begin to produce steel.

Metro News

Femi Otedola Reacts To Lekki Tollgate Shooting

Published

on

Femi Otedola Finally Reacts To Lekki Tollgate Shooting
Femi Otedola

Femi Otedola

Nigerian businessman, Femi Otedola has finally reacted to the shooting that took place at Lekki Tollgate, Lagos on Tuesday.

Information Nigeria recalls men dressed in military wears opened fire on unarmed #EndSARS protesters, who convened at the area.

Otedola took to his Instagram page on Sunday to commiserate with the families of those who lost their lives in the unfortunate incident.

Sharing a photo of the Nigerian flag, he wrote;

“The horrors that have been unfolding in our country have left me filled with sadness. I deeply commiserate with those who have lost their loved ones and as a father, I share the sentiment of my three daughters who protested in Lagos and London. As a young boy of 16, I participated in the ‘Ali Must Go Protest’ of 1978, so I understand the determination of our youths who rightly want our country to be better. We must all do our part to make Nigeria great! I will continue to do my own quota in providing for those who are most in need of support in our country in these tough times .…F.Ote💲”

Read Also: Femi Otedola Spotted Dancing With His Children (Video)

See his post below:

Otedola’s post

Otedola’s post

Continue Reading

Metro News

“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims

Published

on

“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” - Brother Claims
Oke

Oke

Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.

It was reported that the young man had passed away after he was hit by a stray bullet.

The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.

Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.

In his words;

Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.

Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.

 The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own. 

 my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue

we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price

I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you

While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”

Let it be known that my brother @O_Okee  was NOT killed by a police bullet but died a hero protecting my mother and I.

If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”

Read Also: RIP Oke: Barely 3hours After Tweeting “Nigeria Will Not End Me” #EndSARS Protester Dies From Gunshot

See his post below:

Continue Reading

Metro News

Youths Burn Down Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

Published

on

Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)Lagos youths have set the family house of Governor Babajide Sanwo-Olu on fire.

This was after the Governor said that no nobody was killed during the shooting by soldiers at Lekki Toll Gate on Tuesday night.

Sanwo-Olu had debunked claims that the soldiers opened fire and killed some peaceful protesters.

Recall that men of the Nigerian Army reportedly opened fire on protesters following the declaration of 24 hours curfew by the Lagos State Governor, Babajide Sanwolu.

Bullets fired by security operatives hit some persons and at least two persons have been confirmed killed by the police and many injured

Voices in viral footage blamed the shootings on soldiers.

However, the angry youth attacked several important places such as Nigeria Port Authority, TVC News, and the family house of the Governor where his mother resides.

Continue Reading

Trending