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Stakeholders Urges FG To Indigenize Iron And Steel Industries

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Indigenous stakeholders in the iron and steel sector in Nigeria have appealed to the federal government to indigenize iron and steel industries whereby government holds only marginal interest and the indigenous investors get major interests.

Speaking during meeting of stakeholders in iron and steel sector in Ilorin on Thursday, the chairman, Basic metal, fabricated iron and steel products, Dr. Kamoru Yusuf, said that future of iron and steel business in Nigeria will heavily be dictated by the policy thrust of the government which, he said, must be tailored towards rendering necessary support and ease of doing business to investors in the sector.

FG pledges to provide enabling environment to Gum Arabic farmers

The meeting, organized to deliberate on status of the industry and propose strategies for the development of the sector, was attended by relevant government ministries, departments and agencies (MDAs) as well as local and foreign chief executives of iron and steel companies.

The stakeholders, who said it is the position of the general public that Ajaokuta steel plant should work again in the hands of local investors, added that, Nigeria needs to pride herself as the giant of Africa by making judicious use of her highly talented, patriotic and committed indigenous investors with adequate recognition of the stakes of the government.

“Without mincing words, the assets should not be handed over to foreign investor(s), rather, it should be managed 100 per cent by a competent indigenous investor who had demonstrated capability with evidence of success stories
on existing steel plants and wire processing factories. With this, government can and may own 40%, while the investor will own 60%. This will no doubt, enhance easy, sustainable, and rewarding business fortunes for the nation. Every phase and processes of the investment must be given cognizance attention and priority”, he said.

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Dr. Yusuf also said that the nation is assured that the capital and proceeds would remain here and will be re-invested into our economy, if indigenous steel investors are given the chance to resuscitate Ajaokuta.

He said that FG should take a cue from its developed counterparts by allowing Credit Insurance Underwriters to operate in Nigeria, adding that investment in the iron and steel business is capital-intensive with huge risks.

“We believe that with policy shift, some benefits will accrue;
This would complement the Backward-Integration Policy of the
Government, which seeks to preserve our scarce foreign exchange and create employment for millions of Nigerians directly and indirectly.

“There will be more liquidity in the Nigerian economy and Nigeria would have the opportunity of competing with her peers in
the continent and across the globe.

“It will minimise brain drain to foreign countries in the name of
search for greener pasture, especially among our teeming youths.

“Nigeria would be able to participate successfully in the African Continental Free Trade Area (AfCFTA) and compete favourably
among countries in the continent.
Ajaokuta will come with good opportunity of reinvigorating the
automobile sector of the economy after a successful installation and
commissioning of ultramodern machineries.

Also speaking, the director, Industrial Development Department, federal ministry of Industry, Trade and Investment, Adewale Bakare, said that the stakeholders’ meeting was necessitated by the ongoing effort of the ministry at repositioning the iron and steel sector through development of workable policies and strategies for the growth and development of the sector.

“Our developmental history shows that Nigeria started its nation’s building with a strong iron and steel sector including the establishment of the Ajaokuta steel complex which was a beacon of hope in the early days. However, present realities shows that the iron and steel industry has not achieved the desired development as the various sub-sectors under the iron and steel industry have remained at the levels of infancy or non-existent, living the country to depend largely on importation of iron and steel products”, he said.

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Mother of Katsina Governor, Hajiya Safara’u Umaru Baribari, Passes Away at 93

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Katsina State is mourning the loss of a revered matriarch, Hajiya Safara’u Umaru Baribari, the cherished mother of the Governor, Dikko Umaru Radda. The announcement of her passing was made with profound grief by the Government of Katsina State.

Hajiya Safara’u, who graced this world for 93 years, passed away last night. Known for her resilience, grace, and a lifetime of wisdom, she was a beacon of strength and inspiration to her family and the community at large. Her life’s journey was marked by her profound impact, not just as a mother but as a nurturer of values and leaders.

Her contributions extended beyond being the mother of Governor Radda. Hajiya Safara’u raised a generation of influential figures, including the Village Head of Radda, Alhaji Kabir Umar Radda, and Hajiya Hauwa Umar Radda, the former wife of the late President Umaru Musa Yar’adua. Her lineage and influence reflect her role as a true Fulani matriarch, embodying values of integrity, perseverance, and an unwavering commitment to community service.

Her passing has left an irreplaceable void, but her legacy endures through the lives she touched and the values she instilled in her children and community members. Hajiya Safara’u’s contributions to fostering community development and her embodiment of cherished principles will continue to inspire generations to come.

The state has announced that the late matriarch will be laid to rest today at 4:00 PM in her hometown, Radda Village, in accordance with Islamic rites. Her burial is expected to be attended by her family, close friends, and well-wishers from across the state, who will gather to pay their final respects.

Expressing condolences, Ibrahim Kaula Muhammad, Chief Press Secretary to the Governor, issued a heartfelt statement: “We offer our deepest condolences and pray that Allah grants Hajiya Safara’u eternal peace in Jannatul Firdaus.” The statement further highlighted her remarkable contributions and the deep sense of loss felt by the Governor, his family, and the entire state.

As the community gathers to bid farewell to this remarkable woman, Hajiya Safara’u will be remembered not only for her role as a mother and matriarch but also as a symbol of wisdom, strength, and service. Her life and legacy will remain a guiding light for those she leaves behind.

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APC Aspirant Gifts 15 Million Naira To Former Councillors In Fagge

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Hon. Sagir Abba, an aspirant for the Fagge Federal Constituency under the All Progressives Congress (APC) in the upcoming elections, has distributed ₦15 million to former councillors, party elders, youths, and women in Fagge Local Government Area as part of his Ramadan outreach.

During the distribution in Fagge, 1,000 youths received ₦10,000 each, while 50 women from each of the ten political wards—totaling 500 beneficiaries—were given ₦10,000 and a wrapper. Former councillors who served between 2014 and 2021, along with party elders, received ₦30,000 each.

“This gesture is a token of my commitment to bringing the dividends of democracy to the people of Fagge. Ramadan is a time for compassion and sharing, and I am happy to support our youths, women, and elders in this blessed month,” Hon. Sagir Abba said.

Alhaji Musa Danjuma, one of the party elders, said, “Hon. Sagir has once again demonstrated his commitment to the welfare of our people. This assistance will go a long way, especially during Ramadan.”

Aisha Sani, one of the women who received cash and a wrapper, said, “This support means a lot to us. It will help us take care of our families during this holy month.”

The event was attended by community leaders, APC stakeholders, and beneficiaries.

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Rivers Emergency Portrays Nigeria in a Negative Light-Jonathan

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Former President Dr. Goodluck Jonathan has broken his silence over the political crisis in Rivers State, expressing deep concern over the suspension of Governor Siminalayi Fubara and other elected officials, stating that such actions tarnish Nigeria’s global reputation.

Jonathan made these remarks while speaking as the chairman at the Haske Satumari Foundation Colloquium in Abuja on Saturday.

Jonathan criticized the removal of elected officials, emphasizing that these actions by key figures in the executive and legislative branches present Nigeria in a negative light.

He noted that while former presidents typically refrain from commenting on national issues to avoid inflaming political tensions, he felt compelled to speak out due to mounting calls from Nigerians urging him to address the situation.

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The former president underscored the importance of maintaining the integrity of governance institutions, warning that undue influence over the judiciary erodes public confidence in the legal system.

He also highlighted how Nigeria’s international image and investment climate are directly impacted by the conduct of its governmental arms.

Meanwhile, on the same day, the New Nigeria Peoples Party (NNPP) voiced support for President Bola Tinubu’s declaration of a state of emergency in Rivers State. NNPP National Chairman, Dr. Agbo Major, defended Tinubu’s decision, arguing that no responsible government would allow a worsening crisis to go unchecked.

Major stated that President Tinubu, as Nigeria’s Chief Security Officer, had access to intelligence that might not be publicly available. He suggested that without intervention, the situation in Rivers could have escalated further, posing significant security threats.

He also criticized some political leaders who, instead of promoting peace, allowed the crisis to deteriorate before stepping in with belated interventions and criticisms

 

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