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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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Scrap Dealers Begin 15-Day Strike, Blame Chinese, Foreign Firms for Market Crisis

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The National Association of Scrap and Waste Dealers Employers of Nigeria has commenced a 15-day nationwide warning strike over what it described as the devaluation of its members’ businesses by Chinese and other foreign companies operating in Nigeria.

The association announced the commencement of the strike on Thursday, saying its members were withdrawing their services to draw the attention of the Federal Government and relevant authorities to what it described as unfair practices threatening the survival of the scrap and waste recycling industry.

The Vice President of the association, Aminu Hassan Soja, popularly known as Sarkin Karafan Kasar Hausa, disclosed the decision while addressing journalists in Kano on Thursday.

Hassan said members of the association were losing between ₦2 million and ₦3 million on every truckload of scrap materials as a result of what he alleged were activities of Chinese and other foreign companies in the sector.

According to him, the situation had significantly affected the prices of scrap materials and was making it increasingly difficult for Nigerian-owned businesses to remain viable.

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The association’s vice president further alleged that some foreign operators were involved in practices that were affecting the quality of construction materials produced from recycled metals.

Hassan specifically alleged that 12-millimetre iron rods were being presented or processed as 10-millimetre rods, a development he linked to concerns over the quality of building materials and the reported collapse of buildings in different parts of the country.

He said the alleged practices were taking place despite existing laws and regulations governing the production and marketing of construction materials in Nigeria.

The association’s leader expressed concern that foreign companies were allegedly operating as though there were no effective laws regulating their activities in the country.

Hassan said the decision to embark on the 15-day strike followed efforts by the association to draw the attention of relevant authorities to the challenges facing its members.

He said the association had written to relevant government agencies as well as security agencies to formally notify them of the warning strike and its implications.

According to him, the association has a membership of more than two million people across the country, stressing that its members had complied with the directive to withdraw their services.

Hassan described the association as one of the largest employers of labour in the country outside the agricultural sector, saying the activities of its members contribute significantly to employment and the recycling economy.

He said the strike was therefore intended to compel the authorities to address the concerns raised by the association and protect local operators in the scrap and waste business.

Soja says the association’s leadership had information that some individuals could attempt to act as saboteurs from within the association.

Hassan urged members to remain united and adhere to the directive throughout the 15-day warning strike, while calling on government agencies to intervene in the issues raised by the association.

He said the association remained open to dialogue with the Federal Government and other stakeholders, but insisted that the concerns of its members must be addressed to prevent further losses and protect businesses operating in the sector.

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Kaduna Court Dismisses El-Rufai Trial Judge Recusal Application, Orders Accelerated Hearing

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Governor El Rufai

 

The Kaduna State High Court has dismissed an application seeking the recusal of Justice Darius Khobo from the trial of former Kaduna State Governor, Mallam Nasir Ahmed El-Rufai.

The court, in its ruling last week on the application, held that the applicant had not waived his right to complain of alleged bias by his conduct.

Justice Khobo, however, ruled that the multiple processes filed by the applicant before the Court of Appeal and the Kaduna State High Court constituted an abuse of court processes.

The court also held that the applicant failed to establish a likelihood of bias against him.

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The court formulated three issues for determination in resolving the application.
On whether the applicant had waived his right to complain of bias by his conduct, the court resolved the issue in favour of the applicant, holding that the right had not been waived by mere conduct.

However, in the second issue, whether the applicant had abused the processes of the court, the court ruled in favour of the respondent, finding that the multiple processes filed before the Court of Appeal and the State High Court constituted an abuse of court process.

The third issue, which concerned whether there was a likelihood of bias against the applicant, was also resolved in favour of the respondent, with the court holding that the applicant failed to prove such likelihood.

In its final analysis, the court held that the application for recusal lacked merit and consequently refused and dismissed it.
The court directed that the trial on the substantive charge should continue on a day-to-day basis, as practicable in the circumstances.

It further ordered that the defendant remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, pending the continuation of the trial.

The case was adjourned to October 12 and 13, 2026, for accelerated hearing.

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Chinese, Nigerian workers celebrate Mid-Autumn Festival

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Chinese and Nigerian workers at a project site in Nigeria have celebrated the Mid-Autumn Festival with storytelling, poetry, traditional food and discussions aimed at promoting cultural understanding between the two countries.

The celebration, organised by the project team, brought Chinese and Nigerian colleagues together under the theme of cultural exchange, with participants sharing traditions and beliefs associated with the moon in their respective societies.

The event featured lantern displays, mooncakes, poetry recitals and presentations on the history and customs of the Chinese Mid-Autumn Festival.

Chinese staff introduced their Nigerian colleagues to traditional stories associated with the festival, including the legend of Chang’e flying to the moon and the story of Wu Gang and the cassia tree.

They also explained customs such as moon-gazing, eating mooncakes, displaying lanterns and solving riddles.
A major focus of the presentation was the Chinese cultural understanding of the festival as a time for family reunion.

The Chinese team explained that, even when family members are separated by distance, the full moon provides a symbolic connection as people look at the same moon and share thoughts and blessings with their loved ones.

The Nigerian participants said the emphasis on family togetherness resonated with values deeply rooted in Nigerian communities.

Sharing Nigerian moon traditions

The cultural exchange continued with a session in which Nigerian colleagues shared stories and traditions surrounding the moon in different Nigerian communities.

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Participants spoke about local beliefs linking the moon with harvest, love, time and seasonal changes, while others explained how the moon has traditionally featured in communal gatherings and storytelling.

One of the Nigerian participants observed that full-moon nights in some communities are occasions for gathering, singing, dancing and storytelling, drawing parallels with the Chinese Mid-Autumn Festival.

The observation attracted laughter and applause from the participants, who noted the similarities between the two cultures despite their geographical distance.

Chinese staff also discussed the place of the moon in Chinese poetry and folk traditions, with participants agreeing that the shared appreciation of the moon provided a common cultural connection.

Poetry brings colleagues together

The celebration also featured a Chinese poetry session during which Nigerian colleagues were introduced to poems by renowned Chinese poets Su Shi and Li Bai.

The participants recited lines from Shui Diao Ge Tou and Jing Ye Si, with Chinese colleagues explaining the meanings of the verses and helping their Nigerian counterparts with pronunciation.

Particular attention was given to the famous sentiment wishing that loved ones would live long enough to share the beauty of the same moon despite being separated by distance.

The participants described the message as a universal expression of love, friendship and longing that transcends cultural boundaries.

Mooncakes symbolise friendship

The celebration ended with the presentation and sharing of mooncakes, a major traditional food associated with the festival.

Chinese staff explained that the round shape of the mooncake symbolises reunion and completeness before inviting their Nigerian colleagues to taste different varieties, including lotus seed, red bean and mixed-nut fillings.

For some of the Nigerian participants, it was their first experience of eating mooncakes.

One participant described the experience as more than tasting a new food, saying the gesture reflected the care and thoughtfulness of the project team.

The organisers said the celebration provided an opportunity for Nigerian colleagues to experience Chinese culture while enabling Chinese staff to learn more about Nigerian traditions.

They said such activities could strengthen mutual understanding, friendship and cooperation between Chinese and Nigerian workers.

The project team said it would continue to use traditional festivals and other cultural activities as platforms for people-to-people exchanges, with the aim of deepening China-Nigeria relations at the community and workplace levels.

The celebration, they added, demonstrated how cultural traditions can provide a bridge between people from different backgrounds and promote greater understanding and cooperation.

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