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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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Jonathan Urges National Assembly to Overhaul Electoral Litigation Process, Create Specialised Court

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Good Luck Ebele Jonathan

 

By Yusuf Danjuma Yunusa

Former President Goodluck Jonathan has called on the National Assembly to overhaul Nigeria’s electoral litigation process by establishing a specialised constitutional court to handle election disputes.

Speaking on Wednesday in Abuja at the 70th birthday and book launch of Senator Gbenga Daniel (APC, Ogun East), Mr. Jonathan argued that a dedicated court would reduce the strain on the political system by resolving election-related cases in a single phase.

He criticised the current three-tier system for governorship disputes—moving from a tribunal to the Court of Appeal and finally to the Supreme Court—as ineffective and unnecessarily prolonged.

Recalling a landmark case from 2011, Jonathan highlighted how technicalities have historically undermined electoral justice. “I remember a particular case where someone lost an election as a governor because the law then stipulated the use of red ink to tick voters’ names,” he said.

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“In an entire senatorial district, they were not provided with red pens and used available black or green pens. As a result, those votes were cancelled. The Appeal Court upheld this, even though the lower tribunal felt that a tick is a tick.”

While acknowledging that the National Assembly later amended the law to allow governorship cases to reach the Supreme Court—specifically to prevent such injustices—Jonathan noted that the amendment failed to address the length of the litigation process.

The former president urged Nigeria to draw lessons from Francophone African countries, which employ specialised constitutional courts for political matters. He proposed that if the Supreme Court must remain the final arbiter for governorship elections, the lower tribunal stage should be eliminated entirely.

“I believe the ideal thing to do, which I was considering when I was in office, was to make sure that it’s only one tribunal that listens to any litigation relating to politics. This is done, especially in the Francophone countries in Africa. They have constitutional courts. Anything about elections, only the constitutional courts take decisions,” Jonathan explained.

He also challenged the judiciary to exercise firmness in its rulings, drawing an analogy to football. “Politics is like soccer, and the judges are the referees. If the referee looks the other way, players will break legs or score with their hands,” he added.

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ADC Defies INEC, Vows to Proceed with Congresses Amid Leadership Crisis

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By Yusuf Danjuma Yunusa

Nigeria’s African Democratic Congress (ADC) has declared it will go ahead with its scheduled congresses and national convention, defying the Independent National Electoral Commission’s (INEC) decision to suspend recognition of the party’s leadership.

The party’s National Publicity Secretary, Bolaji Abdullahi, insisted that the ADC has fulfilled all legal requirements, having formally notified the electoral body of its planned events.

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“We will go ahead with our congresses. We have given INEC 21 days’ notice, they have accepted. Whether they come or not, we will continue with our congresses and our convention,” Abdullahi said during an interview on Arise TV.

His remarks come just days after INEC announced it would withhold recognition of the ADC’s leadership pending the outcome of a court case related to an internal dispute within the party.

The standoff sets the stage for a potential clash between the electoral commission and the opposition party, raising fresh questions about party governance, internal democracy, and the legal limits of INEC’s oversight powers in Nigeria.

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ADC Rejects INEC’s Ruling Interpretation, Vows to Clarify Contradictions

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has sharply criticized the Independent National Electoral Commission (INEC) over its interpretation of a recent Court of Appeal statement, alleging that the commission has abandoned its neutrality by siding with the federal government.

In a press release issued on Wednesday, the ADC’s National Publicity Secretary, Mallam Bolaji Abdullahi, rejected INEC’s position, describing it as “contradictory and inconsistent with facts.” The party claimed that INEC was acting under pressure from a government it characterized as “jittery” due to the ADC’s growing momentum.

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“We reject INEC’s interpretation of the Court of Appeal ruling,” the statement read. “We knew that INEC was being pressured by a government that has become jittery from the ADC’s rising momentum even in the face of its relentless assault on all opposition parties.”

The ADC accused the electoral commission of caving to political pressure, asserting that it has effectively chosen to align with the government against the Nigerian people. The party vowed to publicly clarify what it called the contradictions in INEC’s statement.

According to the release, the ADC is currently reviewing its legal and political options and will announce its next steps in the coming days. The party urged its members and the public to remain steadfast.

“We are currently reviewing our options, and we shall make these known soon. Meanwhile, we call on our members and all Nigerians to remain steadfast as they await further directives,” the statement concluded, adding the slogans: “Nigeria is rising. ADC is rising.”

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