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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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Tinubu, Service Chiefs Brainstorm Over Deteriorating Security in North-East

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By Yusuf Danjuma Yunusa

President Bola Tinubu on Thursday convened a nearly two-hour security meeting with service chiefs at the Presidential Villa, Abuja, marking the first of such gathering since Tunji Disu assumed office as Inspector-General of Police.

The security chiefs, who arrived at the Villa without their usual official vehicles, making identification difficult, departed the premises at approximately 5:10pm after extensive deliberations with the President.

The service chiefs and the IG were identified by newsmen present at the Villa as they left the forecourt following the closed-door meeting.

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The session comes amid heightened security concerns across the country, particularly the recent killings of military commanding officers in various theatres of operation.

In the past week alone, the military lost at least three commanding officers in charge of forward operating bases following a surge in attacks on security formations and personnel, especially in the North-East where Boko Haram and Islamic State West Africa Province insurgents have intensified assaults on military positions.

Notable among recent incidents was the attack on Ngoshe in Borno State, which resulted in abductions, as well as separate assaults on Konduga, Marte, Jakana, and Mainok, all in Borno State.

The attacks prompted responses from both President Tinubu and Vice President Kashim Shettima, who vowed to deploy overwhelming force to end the insurgency.

As of the time of filing this report, details of the discussions at the security meeting had not been disclosed to the media.

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Ex-Sokoto Governor Tambuwal Officially Joins ADC

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By Yusuf Danjuma Yunusa

Senator Aminu Tambuwal, a former Governor of Sokoto State, has officially resigned his membership from the Peoples Democratic Party (PDP), attributing his departure to the party’s deepening internal crises. He has subsequently joined the African Democratic Congress (ADC).

Tambuwal, who currently represents Sokoto South in the Senate, formalized his resignation in a letter dated March 11, 2026, addressed to the PDP ward chairman in his Tambuwal/Shinfiri Ward, Tambuwal Local Government Area. The contents of the letter were made public on Thursday.

In the correspondence, the former Speaker of the House of Representatives explained that the decision was the result of extensive deliberations with his political network. “After deep reflection and extensive consultations with my political associates and supporters, I have decided to resign my membership of the Peoples Democratic Party with immediate effect,” the letter stated.

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He pointed to the party’s ongoing instability as the primary reason for his exit. “The persistent internal crises, leadership disagreements and growing divisions within the party have made it increasingly difficult for me to continue my membership,” Tambuwal wrote.

While severing ties with the PDP, Tambuwal acknowledged the platform the party provided for his political career. “I remain grateful to the party for the platform it provided me to serve Nigeria as Speaker of the House of Representatives and later as Governor of Sokoto State,” he noted.

Confirming his immediate switch to the ADC, Tambuwal said he is joined by his associates and supporters. He framed the move as a pursuit of a more principled and credible political vehicle. “My decision is guided by the conviction that Nigeria requires a stronger political platform built on integrity, accountability, inclusiveness and a clear commitment to national development,” he added.

Tambuwal’s political career has been marked by significant shifts. He served as Speaker of the House of Representatives from 2011 to 2015 under the PDP before crossing over to the All Progressives Congress (APC) to successfully run for Governor of Sokoto State in 2015. In a dramatic move later that same year, he defected back to the PDP, under whose banner he won a second gubernatorial term in 2019.

Following the conclusion of his second term as governor in 2023, he was elected to the Senate. His latest defection to the ADC is poised to reshape the political landscape in Sokoto State, where he remains a highly influential figure.

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ADC Criticises Tinubu’s CNG Plan, Demands Price Cap

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has urgently called on the Federal Government to implement a temporary cap on petrol prices, warning that the recent surge in fuel costs is exacerbating the hardship faced by millions of Nigerian households.

In a press statement issued on Wednesday, the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, acknowledged that volatility in global oil markets—spurred by the ongoing crisis in the Middle East—is contributing to the price hikes. However, the ADC argued that external factors do not justify allowing fuel prices to rise unchecked in an economy still reeling from the removal of the fuel subsidy.

“For everyday Nigerians, petrol determines the price of food, transportation, and survival. When petrol rises, everything else rises with it,” Abdullahi stated. “This is why the African Democratic Congress urges the Federal Government to take urgent action to stabilize petrol prices.”

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The party criticized the administration of President Bola Tinubu, stating that the current APC-led government must take responsibility for shielding citizens from the harshest effects of the increases. The ADC further called for the introduction of targeted palliatives specifically designed to support low-income Nigerians who are most vulnerable to the rising cost of transportation and goods.

Beyond the immediate call for a price cap, the ADC questioned the feasibility of the government’s long-term energy strategy, specifically targeting the recently announced plan to distribute 100,000 Compressed Natural Gas (CNG) conversion kits.

The party noted that with over 11 million vehicles registered in Nigeria, the proposed 100,000 kits would cover less than one percent of the nation’s vehicle fleet. Furthermore, the ADC raised concerns about the limited availability of CNG refuelling stations across the country, questioning whether the policy would have any tangible impact on the average Nigerian.

“A policy that touches only a fraction of vehicles cannot meaningfully address a national fuel crisis,” Abdullahi said. “If Nigerians cannot easily find where to refuel, then the policy risks becoming an announcement without real impact.”

The ADC urged the Federal Government to pursue a more comprehensive and credible energy strategy that reflects Nigeria’s status as an oil-producing nation.

“Nigeria is an oil-producing country, and it should not be a place where the cost of petrol repeatedly pushes millions of citizens deeper into hardship,” the statement concluded. “At a time of rising global uncertainty, protecting the welfare of citizens must remain the first duty of any government that knows what they are doing.”

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