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Ajaokuta Steel Company Ready For Concessioning, To Generate $1.6bn Annually — Buhari

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President Muhammadu Buhari says the Ajaokuta steel company is ready to be concessioned to private investors.

Buhari disclosed this while inaugurating several projects in Kogi on Thursday.

The projects include: the Reference Hospital, Okene; the newly-built Ohinoyi’s palace, and the Confidence University of Science and Technology, Osara.

In Lokoja, Buhari inaugurated the Ganaja flyover bridge, the Muhammadu Buhari Civic Centre, and the GYB Model Science Secondary School, Adankolo.

He lauded Yahaya Bello, governor of Kogi, for his performance in the areas of security and project execution in the state, and also for following his government’s vision of bringing democratic benefits to the citizens.

Buhari said he was inaugurating projects in the state to fulfill campaign promises the governor made to the people of Kogi state.

“I have been briefed by governor Yahaya Bello of the numerous projects he has executed for the people which include: Confluence University of Science and Technology at Osara, Rice mill in Ejiba, hospitals in Idah, Kabba, and Okene, construction of roads in the three senatorial districts, GYB model secondary schools among others,” he said.

“In Lokoja there is a flyover project, the first of its kind in Kogi since the state’s creation”.

Buhari further pointed out that the state is hosting the AKK gas pipeline projects that would be completed next year.

He added that the project would help boost the economic activities of the country, saying the multiplying effect on the people of the state remains unquantifiable.

The President further stated that no project was closer to his heart than the Ajaokuta steel company in Kogi state, which he noted was inherited in a moribund state from previous governments.

“I am glad to say that through our concerted effort we are able to settle the dispute by paying some money and the company is now ready for concessioning to competent private investors that will operationalise it for the people of Kogi state and Nigerians at large,” he said.

“We are in talks with a reputable company in the United States and by God’s grace Ajaokuta will very soon come back to serve the people of Nigeria.

“The significance of making Ajaokuta steel work again is enormous as it will generate over 500, 000 jobs for Nigerian youth and also generate high revenue for the state and the country to the tune of over $1.6 billion annually.

“Nigerians should be rest assured that my administration will pursue the issue of Ajaokuta steel company to logical conclusion before I leave office as president of Nigeria”.

“I am impressed by the performances of governor Yahaya Bello, he has done very well in the area of security and project execution in Kogi state.

“We are proud of him and we urged him to do more for the people and I am appealing to the people of Kogi state to support him so that he can achieve and deliver more dividends of democracy and achieve peace  and development of the state.”

While the steel company has been moribund for years, Olamilekan Adegbite, minister of mines and steel development had said 11 companies were involved in the concession bid for Ajaokuta plant.

Also speaking at the inauguration, Bello said: “Mr. President we hit the ground running and you told me to be courageous in leadership and how to bring out my best and today the projects is an attestation of our best to the people of Kogi state.

“I followed your footsteps in ensuring that projects and infrastructures that have direct impact on the people.”

Bello appealed for the completion of Ajaokuta Steel Company, adding that no country can achieve industrialisation without iron and steel.

“We are still confident that your effort toward revitalisation of the steel company will still be achieved before the expiration of the your tenure,” he said.

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Brazilian Court Orders Suspension Of X, Threatens To Fine Citizens Who Use VPN $8,900

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Brazil’s supreme court has ordered the suspension of X, formerly Twitter, after Elon Musk failed to meet the deadline to appoint a new legal representative for the social media platform in the country.

In a ruling on Friday, Presiding Judge Alexandre de Moraes ordered the “immediate, complete and comprehensive suspension of the operation of” X in Brazil.

According to Judge Moraes, “The national communications agency must take all necessary measures to implement this order until X complies with all court orders and pays existing fines amounting to $3.28 million.”

Additionally, Moraes warned that using “technological subterfuges,” such as virtual private networks (VPNs), to circumvent the suspension would incur a fine of $8,900.

According to the judge, inciting speech has been spread through X and is harming Brazil’s democracy.

“We have a right to defend fundamental rights. Those who violate democracy, who violate fundamental human rights, whether in person or through social media, must be held accountable,” Moraes said.

The row began in April, with the judge ordering the suspension of dozens of X accounts for allegedly spreading disinformation.

Reacting to the decision, Musk accused the judge of violating free speech for political purposes.

X, via its official handle, tweeted “power to the people in Brazil and everywhere else”.

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Eguavoen To Lead Super Eagles As German Tax Policy Disrupts Labbadia’s Appointment

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The Nigeria Football Federation (NFF) has announced that Bruno Labbadia’s appointment as Super Eagles head coach has been terminated due to stringent German tax regulations.

As a result, Technical Director Augustine Eguavoen will take charge of the team for the upcoming 2025 Africa Cup of Nations qualifying matches against, Benin Republic (Uyo, September 7), Rwanda (Kigali, September 10).

This marks Eguavoen’s fourth stint as Super Eagles coach, following previous tenures in 2005-2007, 2010, and 2022.

According to NFF President Ibrahim Gusau, the federation cannot offset the concomitant tax percentage on the German coach’s salary.

According to him, the issue of offsetting the coach’s tax was not part of the initial agreement before the announcement of his appointment.

“We have been on the tax issue for the past three days, and I told him clearly that there was no way the NFF will agree to offset the concomitant tax percentage on his salary that will be demanded by German tax authorities. It is not possible for us to shoulder the responsibility of shelling out another money, between 32% to 40% of his salary, after paying the agreed monthly wage.

“The NFF and Mr. Labbadia reached an agreement in principle before we made the announcement that he would become the Head Coach of the Super Eagles. The tax details were never part of our discussions, and he had personally agreed to all terms before the tax issue came up.

“We were doing our best to be flexible in the discussions but he was adamant that the NFF had to pay the full tax amount as well. We simply cannot do that,” President of NFF, Gusau, said on Friday evening.

The NFF had on Tuesday announced its agreement with the German tactician to mount the saddle as the head coach of the Super Eagles.

Labbadia would have become the sixth German, after Karl-Heinz Marotzke (who had two stints between 1970 and 1974), Gottlieb Göller (1981), Manfred Höner (1988-1989), Berti Vogts (2007-2008) and Gernot Rohr (2016-2021) to lead the Super Eagles.

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Gunmen Attack School In Yobe, Kill Three Students

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Tragedy struck at Faudiya Islamic School in Geidam Local Government Area of Yobe State as gunmen attacked the institution, killing three students.

According to Dungus Abdulkarim, police spokesperson in Yobe, the assault occurred at approximately 3:45 am on Friday.

The gunmen, armed with dangerous weapons, arrived on about 10 motorcycles, storming the school premises.

Initially, the assailants planned to abduct four students, but instead chose to kill them to avoid the burden of taking them into the forest.

One student who attempted to escape suffered injuries and is currently receiving hospital treatment.

According to The Cable, Abdulkarim said, “It is confirmed, the divisional police headquarters at Geidam received the report this morning by a certain individual that there was an attack on a particular school,”

“We mobilised our men, and they went there and evacuated three dead persons and one with a bullet wound and was admitted to the hospital.

“The attackers came on a motorcycle, about 10 of them, carrying deadly arms such as AK-47 rifles and other items.

“They entered the school and took four of the students and killed three instantly and injured one person.

“The information we received from one of the injured persons was that the attackers invaded and told them they were there to abduct them to the forest and kill them, but they did not want to carry any load; in that regard, ‘we will just kill you here’.

“We are still investigating to find out the perpetrators and why the attack on the school.

“The attack occurred at exactly 3:45 to 4:00 am today. The school is a day and boarding school. There is a quarter in the school.”

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