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Technical Audit On Ajaokuta Steel Firm, Starts February, Says Minister …as National Assembly Asks Ministry To Return N2bn To Agencies

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NASS chamber

 

The Minister of Steel Development, Mr. Shuaibu Abubakar Audu, yesterday assured the nation that the technical audit on the Ajaokuta Steel Company Limited will start in February.

The technical audit would pave the way for the rehabilitation, completion and operation of the steel plant and the National Iron Ore Mining Company (NIOMCO) in Kogi State, Nigeria.

The Minister gave the assurance when he appeared the National Assembly Joint Committee on Steel Development to defend his ministry’s 2024 budget expenditure and the 2025 Appropriation.

The Federal Government signed the Memorandum of Understanding (MoU) with the original builders of the Ajaokuta Steel Plant Messrs, Tyazhpromexport (TPE) and members of their consortium Messrs Novostal M and Proforce Manufacturing Limited to carry out the technical audit since September last year.

A member of the joint panel, who is the senator representing the Kogi Central Senatorial District, where the project is situated, Natasha Akpoti-Uduaghan, asked the Minister to give a definite date for the commencement of the technical audit.

Akpoti-Uduaghan said, “Hon Minister Can I ask a question, please? When was the MOU entered into? Which month? Can you tell us the month that the MOU on Ajaokuta was entered? “

The Minister responded by telling the panel that the document was signed in September last year.

Akpoti-Uduaghan then wondered why the Ministry hasn’t done anything four months after the MOU was duly signed.

She said, “We are now approaching the end of January. When will the technical audit start? When will it start? Because to me, I believe we should tackle that project wholesomely. Yeah. We need to start with a technical audit so that the buildup of repairs will commence immediately.

“Can you tell us when we would expect the Russians with their partners to commence the technical audit because time is going.”

Replying the Minister said, “I had a conversation with the Permanent Secretary this morning Wednesday) on the commencement date.”

He then directed the Permanent Secretary, Dr. Chris Osa-Isokpunwu to address the panel on the commencement of the technical audit.

Osa-Isokpunwu said, “Immediately after the signing of the Memorandum of Understanding, the Ministry commenced the procurement process for the technical and financial audit.

“Advertisements were made, time was given. The stage we are now is preparation to present it to the Federal Executive Council for approval.

“Once that presentation is made and the Federal Executive Council approves that project, then the technical audit will start.”

Not satisfied with the Permanent Secretary’s submission, Akpoti-Uduaghan interjected and demanded a definite date of commencement.

She said, “The Federal Executive Council sits every week. Are you guaranteeing Nigerians that at the next Federal Executive Council, the technical audit proposal will be approved?”

The Permanent Secretary replied, “What I would say at this point is that as soon as we get the ‘no objection’ to proceed to the Federal Executive Council by the Bureau of Public Procurement, we will take the memo to the Federal Executive Council.

“That will be based on the availability of slot for the presentation of memos at FEC. I do not run the Secretariat of FEC.

“However, once the Bureau of Public Procurement issues us the certificate of no objection, within 48 hours after, the Honourable Minister will transmit the memo to the Secretariat of FEC.”

Akpoti-Uduaghan asked him when the BPP would send the ‘no objection’ to the Ministry and the Permanent Secretary said only the Director General of the BPE, Ayodeji Ariyo Gbeleyi, could answer the question.

Still not satisfied with the answer to her question, Akpoti-Uduaghan said, “How long have you been expecting that no objection from BPP?”

“I need to know the timeline. How long has it been? Did you just submit the proposal last week? Or last month? Or two months ago? We need to know. Maybe it’s BPP we are going to hold responsible for delay of process.”

Osa-Isokpunwu said, “I’m not familiar with the processes of the Bureau of Public Procurement. We submitted our request for ‘no objection’ about two months ago. So Chairman, I don’t know if I can help you.”

The submission of the Permanent Secretary infuriated members of the joint committee and accused him of being lackadaisical with his approach to the whole issue.

The Minister quickly came to the rescue of the Permanent Secretary by accepting that the Ministry has been too slow on the matter.

Audu said, “Mr. Chairman and distinguished members, I think the feedback from the joint committee is loud and clear. The speed at which we are going through the process of getting a ‘no objection’ from BPP is too slow.

“I think that is the message that I’m hearing from the committee members. The feedback has been heard very loud and clear. I can assure you that I’ll continue to put the permanent secretary under a lot of pressure for us to get out the ‘no objection’.

“Perhaps, the methods and the way we’ve been following up is inadequate. We are going to put more gas to the pedal to ensure that the ‘no objection’ comes out.

“This is because it’s very, very important to Nigerians for the technical audit to start, particularly with the original builders and their Nigerian representatives.

“We have a lot more work to do in that regard. The Perm Sec has heard, directors of the ministries have heard very loud and clear that the joint committee on steel is unhappy with the pace at which we are processing the ‘no objection’ from BPP. So I want to appeal to your further patience.

“In the next few days, I can assure you that we’re going to ramp up efforts to at least get out the ‘no objection’. Today is 22nd of January. I believe before the end of the month we will get it.

“I’ll do everything humanly possible to ensure that it comes out so that we can get these things going. So I want to assure you that I’ll put the ministry under pressure. I’ll continue to put the Permanent Secretary under pressure.

“Everybody can hear me. Nigerians can hear me. The directors are all here. The person that liaises with BPP is here. The Permanent Secretary is here. All the most senior memberships are here.

“The pace at which we are getting, we are processing this BPP ‘no objection’ is too slow. We need to bring it out, latest by the end of January and we hope to get the FEC approval immediately.”

Meanwhile the Co-chairman of the joint panel, Hon. Zainab Gimba, said it was wrong of the Ministry to hold on to the funds of the agencies under it.

She subsequently directed the Minister to return the N2bn it was holding on behalf of the agencies under it, to them to avoid misappropriation.

Business & Economy

Slaboh Lauds NCDMB For Skill Aquisition of Ex – Agitators, – Participants Extol Leadership Style of National Chairman Third phase,PAP

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Beneficiaries of the skill aquisition training on digital analysis and marketing

 

By David Owei,Bayelsa

The National Chairman of the Third phase Ex- Agitators of the presidential Amnesty program, PAP, General Elaye Dollar Slaboh had given kudos to the Management of the Nigerian Content and Monitoring Board ( NCDMB ) for the privilege it gave by selecting sixteen delegates to participate in the five day youth empowerment on high selling self reliance skill digital marketing and data analysis program organized for Niger Delta Youths, just as he pleaded for more of such programs for it’s members which he has been advocating as such trainings will go along way to augument their monthly stipends.

The initiative was held in collaboration with the leadership of the PAP under General Elaye Dollar Slaboh,which has equipped participants with valuable skills to navigate today’s digital economy.

An elated Slaboh, stated this while welcoming the beneficiaries to his office, at Azikoro and commended them for being worthy ambassadors that conducted themselves orderly without misbehaving and for their exemplary conduct throughout the duration of the training and urged them to put to use the knowledge they received.

According to him, during several engagements with corporate bodies he had always agitated for for the training and retraining of the ex – Agitators under his leadership and applauded NCDMB and called on other corporate bodies to emulate NCDMB in providing opportunities for Niger Delta Youths to enable them become self reliance and shun youth restiveness for peace to reign and attract investors to the region.

He appealed to those not selected to be patient as they would be opportune in subsequent training programs which his leadership assured them to provide whenever the opportunity beckons and also warned them against selling their starter pack ( laptobs)

” To those not selected , be patient, as there are other trainings in the offing , as everyone can’t benefit at the same time”

Am proud to say members represented us very well as there was no negative reports of misbehaviour and misconduct about you throughout the five day training”

Speaking in their separate interviews, the participants who were randomly selected by the National Chairman, third phase , presidential Amnesty program, General Elaye Dollar Slaboh, had applauded and commended his leadership style for considering them worthy to be Beneficiaries of the skill aquisition training on digital analysis and marketing .

According to Alex Gift, he said he felt excited and considered it a rare privilege to be randomly selected by the national Chairman , Third phase of PAP , General Elaye Dollar Slaboh and prayed to God to continue to enlarge his coast, saying the knowledge he received about digital marketing and data analysis will equip him to advance the ever changing digital economy.

And being , gender friendly, Miss Stella said the training and knowledge was impactful and has increased her horizon on digital marketing and data analysis.

” With this training am now opportune by the exposure that my products can now be marketed globally instead of within the Niger Delta region ”
She poured Ecomiums on General Elaye Dollar Slaboh, for giving her this rare opportunity and wished him well in his current leadership position.

Also speaking , another participant who was overwhelmed by the opportunity given to him to participate in the program, Sammy Vincent, said he was very happy for being selected for the NCDMB five day skill aquisition programe on digital and data analysis for the opportunity impacted in him on the knowledge about graphic design and the gift of laptobs.

From Tonbara. W. Bai” Am so elated and lacked words to thank the National Chairman Third phase of PAP, General Elaye Dollar Slaboh and may God to bless and enlarge his coast”

He said he will not take this opportunity for granted and applauded the NCDMB management for it’s efforts in empowerment of Niger Delta Youths in the region.

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Business & Economy

Senate Approves Tinubu’s $21.5bn External Borrowing Plan

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Senate in session in the chamber

 

By George Mgbeleke

The Senate, on Tuesday approved an external borrowing plan of $21.5 billion for the 2025–2026 Medium Term Expenditure Framework (MTEF) designed to finance key projects in critical sectors including infrastructure, security, education, health, agriculture, and human capital development.

The Red chamber also approved a ¥15 billion Japanese loan, a €65 million grant, and additional domestic borrowing of ₦757 billion through federal bonds to offset pension arrears as of December 2023.The lawmakers further gave approval to an exec request to raise up to $2 billion through foreign-currency denominated instruments in the domestic market.

These approvals, which came on Tuesday, followed the presentation of a report by the Chairman of the Senate Committee on Local and Foreign Debts, Senator Aliyu Wamakko (APC-Sokoto), at plenary. Wamakko said the loan request was in line with the already approved Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for the 2025/2026 budget cycle. According to him, him, the committee recommended the approval, as the borrowing plan is within the framework already passed by the National Assembly.

Chairman, Senate Committee on Appropriation, Senator Solomon Adeola (APC-Ogun) while supporting the motion srated that the loans were embedded in the 2025 Appropriation Act, adding that with the approval, all revenue sources, including loans, were now in place to fund the budget.
Similarly. Chairman Senate Committee on Finance, Senator Sani Musa (APC-Niger) stressed that the loans would be disbursed over six years and assured that Nigeria was in a good position to utilise the loan and pay back as agreed with the creditors. Musa ruled out the fears in some quarters that Nigeria’s debt profile was becoming too burdensome, stressing that Nigeria had never defaulted on any of its liabilities.
However, Senator Abdul Ningi (PDP-Bauchi) raised concerns over the absence of repayment details and how the loans would directly impact constituents.
“We must tell Nigerians exactly how much is borrowed in their name and for what purpose,” Ningi said.
inclusiveness.

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Business & Economy

N- Power : Senate Intervention rekindles hope for beneficiaries on outstanding N81billion Allowance

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Deputy President of Senate, Barau Jibrin

 

The Senate Tuesday rekindled the hope of beneficiaries of N- Power programme across the country on payment of outstanding N81billion monthly allowance by the Federal
Government.

Intervention of the Senate came through its Deputy President, Senator Barau Jibrin who brokered understanding between the Federal Government , aggrieved beneficiaries of the scheme who are still being owned 2022, 2023 monthly allowances totalling N81billion and their counsel, Barrister Abba Hikima .

After about two hours tripartite meeting in his office , the Deputy President of the Senate told journalists that the beneficiaries being owed months of unpaid allowances which were inherited by the current administration , have agreed to stop their intended litigation against the federal government .

He said : ” The beneficiaries came here to the Senate to seek for my intervention. And then I called the Minister, and the Minister was very responsive.

“He came on board, and there was a fruitful discussion that led for them to understand that the Minister had already gone very far in making preparation for the money to be paid.

“So having gotten convinced that there is a clear intention on the part of government to get the money paid they now decided to back down and stay action on the legal route to get the money paid and I showed them that this is a government that is responsive and really up and doing in terms of making sure that nobody suffers in terms of getting what is due to them in line with the renewed hope agenda of President Bola Tinubu .

“Though the problem is inherited but the present government as clearly stated and assured by the Minister of State for Housing and Urban Development, is doing every thing possible to solve it with payment of allowances owed the beneficiaries”

Also explaining the outcome of the meeting , the Minister said intervention made by the Deputy President of the Senate , yielded positive results for parties concerned which are , the federal government and the beneficiaries of the N – Power programme .

” I want to first thank the Deputy Senate President for convening this meeting for us to treat the case that has been for years now, the issue of payment of the backlog of our end-power beneficiaries, which we are owing, or owing them.

“We acknowledge the fact that we are owing them, and we know we are owing them, but it was actually part of the 2022 and 2023 budget that was not paid to them, and because it was recurrent, it passes along with the year’s budget.

“There was no provision for it in 2024 and 2025, so we sought for it at the service-wide vote. We got approval, but it was late for last year, so we are working on the approval for this year to ensure that once we get the budget implementation for this year 2025, we have to find a way of making those payments to the beneficiaries.

“I think being a responsive government, we’re not denying the fact that we have that as part of the issue we need to resolve and it will surely be resolved before the year runs out “, he said

Confirming the stay of litigation due to the intervention, the counsel of the beneficiaries , Barrister Abba Hikima said : ” As explained by the Honorable Minister, the government is owing my clients about N81billion and he has given us his words that they are working on it and they are waiting for this year’s budget to begin to be implemented, and that as soon as the budget is being implemented, they can get access to their money.

“Although I’m their lawyer, but I really appreciate the effort of the Deputy Senate President who, despite the fact that he is not directly affected by this, took it upon himself to convene this meeting, as well as the Honorable Minister of State and as well as the Humanitarian Minister.

“They are all here and they have all given us their words, and we have taken them for it, and we are confident and hopeful that in the nearest future, within the year, definitely, this money is expected to be paid”.

The Chairman of the N- Power beneficiaries in Nigeria , Kehinde James thanked the Deputy President of the Senate for his intervention and the two ministers for their assurances .

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