#ajaokuta

[alabs1]

Ajaokuta Steel Plant: Three Russian Companies Among 11 Bidders

Ajaokuta Steel Plant: Three Russian Companies Among 11 Bidders

The Minister of Mines and Steel, Olamilekan Adegbite has said that 11 companies are presently involved in the concession bid for Ajaokuta steel company. Adegbite stated this at the presentation of the achievement of his ministry during the 9th edition of President Muhammadu Buhari’s scorecard series, organised by the ministry of information and culture in Abuja on Thursday. The minister said the…

[tracknews1]

Russian Engineers Arrive Ajaokuta Steel

An advance Team of twenty three Russians, the Original Builders of Ajaokuta Steel Company has Arrived Ajaokuta for Technical Audit With The Team of Engineers in The Company in Anticipation for The Completion of the project. Some Analog Equipments Shall be Replaced With Digital Ones For Effective Operations. The sole administrator of the Ajaokuta steel company, Sumaila Abdul-Akaba who confirms…

[metalbergmanufacturing]

The Steel Fabrication Industry Nigeria: A Cornerstone for Economic Development

The steel fabrication industry is a critical component of Nigeria's economic development, playing a vital role in various sectors such as construction, manufacturing, and infrastructure. This industry encompasses the transformation of raw steel into products that are essential for building and maintaining the nation's infrastructure. In this article, we will explore the significance of the steel fabrication industry Nigeria, its current state, challenges, and future prospects.

The Importance of the Steel Fabrication Industry in Nigeria

Economic Growth and Job Creation

The steel fabrication industry is a significant contributor to Nigeria's GDP, providing employment opportunities for thousands of Nigerians. It supports various sectors by supplying essential materials needed for construction, manufacturing, and infrastructure development. The industry's growth directly correlates with job creation, thereby reducing unemployment rates and boosting economic stability.

Infrastructure Development

Nigeria's ambitious infrastructure development plans, including roads, bridges, airports, and residential buildings, rely heavily on the steel fabrication industry. Steel is a fundamental material used in constructing durable and resilient structures. As the country continues to invest in infrastructure, the demand for fabricated steel products will continue to rise, further driving the industry's growth.

Industrialization and Technological Advancements

The steel fabrication industry is at the forefront of Nigeria's industrialization efforts. It encourages the adoption of advanced technologies and modern manufacturing processes, enhancing the country's overall industrial capabilities. This technological advancement not only improves the quality of steel products but also increases efficiency and reduces production costs.

Current State of the Steel Fabrication Industry in Nigeria

Production Capacity and Facilities

Nigeria boasts several steel fabrication facilities equipped with modern machinery and technology. These facilities have the capacity to produce a wide range of steel products, including beams, columns, pipes, and plates. The industry is supported by both local and international companies that have established manufacturing plants across the country.

Key Players in the Industry

Several key players dominate the steel fabrication industry Nigeria, contributing significantly to its growth and development. These companies include:

Ajaokuta Steel Company Limited (ASCL): As one of Nigeria's largest steel plants, ASCL plays a pivotal role in the production of steel products for various industries.

Dangote Group: Known for its diverse business portfolio, the Dangote Group is a major player in the steel fabrication industry, producing high-quality steel products for construction and infrastructure projects.

African Foundries Limited (AFL): AFL is a leading steel manufacturing company in Nigeria, specializing in the production of steel billets, reinforcing bars, and wire rods.

Challenges Facing the Industry

Despite its significant contributions, the steel fabrication industry Nigeria faces several challenges that hinder its full potential. These challenges include:

Inadequate Infrastructure: The lack of reliable infrastructure, including power supply and transportation networks, affects the industry's productivity and efficiency.

High Production Costs: The cost of raw materials, energy, and labor can be high, impacting the overall production costs and competitiveness of Nigerian steel products.

Regulatory Hurdles: Complex and sometimes inconsistent regulatory frameworks can pose challenges for steel manufacturers, affecting their ability to operate smoothly.

Limited Access to Finance: Many steel fabrication companies struggle to secure adequate financing for expansion and modernization of their facilities.

Future Prospects and Opportunities

Government Initiatives and Support

The Nigerian government recognizes the importance of the steel fabrication industry and has implemented several initiatives to support its growth. These initiatives include:

Incentives for Local Production: Policies aimed at encouraging local production and reducing dependence on imported steel products.

Infrastructure Development Projects: Continued investment in large-scale infrastructure projects that drive demand for fabricated steel products.

Public-Private Partnerships (PPPs): Collaborations between the government and private sector to enhance the industry's capacity and technological capabilities.

Technological Advancements

The adoption of advanced technologies such as automation, robotics, and artificial intelligence (AI) is expected to revolutionize the steel fabrication industry Nigeria. These technologies can enhance production efficiency, improve product quality, and reduce costs, making Nigerian steel products more competitive in the global market.

Export Potential

With the right investments and strategic initiatives, Nigeria has the potential to become a major exporter of steel products. The country's strategic location and access to regional markets provide opportunities for exporting fabricated steel products to neighboring countries and beyond.

Conclusion

The steel fabrication industry Nigeria is a cornerstone for the country's economic development, supporting key sectors such as construction, manufacturing, and infrastructure. Despite facing challenges, the industry holds immense potential for growth and development. With government support, technological advancements, and strategic investments, Nigeria's steel fabrication industry can thrive, contributing significantly to the nation's industrialization and economic prosperity.

For more information about steel fabrication products and services, visit Metalberg Manufacturing.

Metal Berg Manufacturing Company Factory

Block 16 Plot 283, Green Estate, Amuwo Odofin Estate 102102, Lagos, Nigeria

+234 803 044 2676

https://goo.gl/maps/NfZ25r1vuWz2GHBMA

[streetreporters]

Ajaokuta Steel:  Minister Of Steel Development Engages Russia’s TPE Consortium On Revival

The Minister of Steel Development, Prince Shuaibu Abubakar Audu, has engaged a consortium led by the original developers of Ajaokuta Steel Company Limited (ASCL), Tyamzhpromexport (TPE), to revive the steel plant. The Minister, who met with the consortium comprising a team from Russia’s TPE/Rostec, Novostal, and Nigeria’s Proforce in his office on Thursday,  in Abuja, urged them to put together…

[gidd-blog1]

‘Remove Yahaya Bello’s name from wanted list’ – Kogi assembly tells EFCC

The Kogi State House of Assembly has asked the Economic and Financial Crimes Commission (EFCC) to remove former governor Yahaya Bello’s name from the list of wanted persons. This was the resolution after a member representing Ajaokuta state constituency, Jibrin Abu, presented a matter of urgent public importance on the floor of the House on Tuesday, April 23. In his motion, titled, ‘A call to end…

[toogalaxyflower]

Defence, Steel Ministries To Partner In Production Of Military Hardware

By ZAKAA LAZARUS-Abuja. The Hourable Minister of State for Defence Dr. Muhammed Bello Matawalle MON, has commended the planned partnership between the Ministries of Defence and Steel Development for the production of Military hardware in a section of Ajaokuta Steel Company. The Minister made the commendation during the meeting on the proposed partnership between the Ministry of Defence and Steel…

[reportafrique]

AfDB Initiates $540 Million Fund Disbursement for SAPZs in Nigeria

The African Development Bank (AfDB) is set to disburse $540 million for the first phase of Special Agro-Industrial Processing Zones (SAPZs) in Nigeria. The initial phase targets three states – Oyo, Kaduna, and Cross River – with others expected to follow suit upon completion of documentation. Prof. Banji Oyelaran-Oyeyinka, Senior Special Adviser on Industrialization to the AfDB President, highlighted that SAPZs aim to transform rural areas into economic hubs through sustainable agro-industrial development. "We raised $540,000,000 in catalytic funding, expecting each state to secure a partner for equity. It's a government-enabled, private-sector-driven initiative," Oyelaran-Oyeyinka explained. He outlined eligibility criteria for states, including feasibility reports, environmental impact studies, and a commitment to counterpart funding. The first phase is underway in seven states and the Federal Capital Territory. Ogun State opted out, finding a partner independently, allowing for the redistribution of the loan to other states. Plans for phase two encompass 27 states, prioritizing those demonstrating swift progress. Meanwhile, a report on the revitalization plan for Ajaokuta Steel Company Limited was presented by the United Nations Industrial Development Organization (UNIDO). The recovery strategy involves rehabilitation, modernization, and expansion, aiming to convert the integrated steel plant into strategic business units (SBUs). Head of Investment and Technology Promotion Office at UNIDO, Abimbola Olufore Wycliffe, emphasized the importance of incremental investments and urged prioritization of SBUs with lower investments and quicker positive cash flows. Vice President Shettima emphasized the need for prompt action, urging both the government and development partners to align actions with commitments. Responding to the reports, Vice President Shettima called for immediate action, stating, "We have passed the age of talking; we have to walk the talk. Things must change. When there is a will, there is always a way." The VP stressed the importance of delivering on the vision of President Bola Ahmed Tinubu and highlighted the need for tangible progress in transforming the economic landscape. The disbursement of funds for SAPZs and the revitalization of Ajaokuta Steel Company align with Nigeria's efforts towards sustainable economic growth and development. Read the full article

[goldmynetv]

Security operatives rescue 21 kidnapped travellers in Kogi

Security operatives have rescued 21 victims kidnapped along the Ajaokuta-Itobe Road in Kogi State.  The victims were rescued by a team of security operatives, comprising personnel of the Nigerian Police Force, Nigeria Security and Civil Defence Corps and local vigilantes. The victims, including travellers, students and staff of Comprehensive High School, Ajaokuta, were abducted on Thursday,…

[crimechannels]

By • Olalekan Fagbade Kogi Guber; Provide materials in governorship election to SDP within 48 hours - Tribunal orders INEC The Governorship Election Petition Tribunal in Kogi has given INEC 48 hours to issue certified copies of electoral materials on the Nov. 11 off-cycle election in the state to the Social Democratic Party (SDP). It also ordered INEC to allow SDP’s forensic experts to examine some electoral materials. The materials include Bimodal Voter Accreditation System and result sheets for Adavi, Okene, Okehi, Ogori-Magongo, Ajaokuta, Lokoja, Kogi and Bassa Local Government Areas. The tribunal ruled on Saturday in Lokoja that the SDP requested the materials to prove its case in the petition it filed against the victory of the All Progressives Congress (APC) at the election. Chairman of the tribunal, Justice Ado Birnin-Kudu gave the order following two ex-parte motions filed on Nov. 19 by the SDP and by its governorship candidate, Alhaji Muritala Yakubu-Ajaka. Justice Birnin-Kudu said the orders became imperative in view of the time constraints the tribunal had to discharge its mandate. “The order is in compliance with Nigeria’s 1999 Constitution (as amended) and with the Electoral Act (2022). “INEC is hereby ordered to produce all the documents being sought by the plaintiffs within 48 hours to enable proceedings to go smoothly and without hitches,��’ he declared. SDP and Yakubu-Ajaka earlier filed seven ex-parte motions to support their demand but withdrew five and pursued two. Lead counsel to the petitioners, Mr John Adele (SAN), had earlier told the court that efforts made to obtain certified copies of materials used in the six local government areas from INEC had been fruitless. “Time is of essence in this matter, and that is why we filed the motions to your lordship to help to salvage the situation. “Each time we approached INEC since Nov. 13, its officials failed to avail us with even one of the electoral materials for which we requested. “We believe that if your lordship grants our application, INEC will do the needful to enable us to prosecute this case within the time limit,’’ he prayed the tribunal. Justice Birnin-Kudu adjourned the case to Wednesday, Nov. 29 for submission of report of compliance by INEC and continuation of hearing. The SDP and Yakubu-Ajaka are challenging the victory of APC and its candidate, Alhaji Usman Ododo at the election petition tribunal. INEC declared Ododo as winner of the election with 446,237 votes, while his closest rival, Yakubu-Ajaka got 259,052 votes. (NAN) (www.nannews.ng)

[alabs1]

Concession Of Ajaokuta Steel Company Begins, As FG Receives 11 Bids

Concession Of Ajaokuta Steel Company Begins, As FG Receives 11 Bids

No fewer than 11 companies are jostling to take over the Ajaokuta Steel Company, Mines and Steel Development minister, Olamilekan Adegbite, mentioned on Thursday. Mr Adegbite made a presentation on the achievement of his ministry during the 9th edition of PMB Scorecard series, organised by the Ministry of Information and Culture. He said the Buhari government had been able to resolve all…

[hardynwa]

Tribunal: APC will still retain three senatorial seats in Kogi – Governor Bello

Kogi State Governor Yahaya Bello has given an assurance that the All Progressives Congress will retain all three senatorial seats, despite Wednesday’s Election Petitions Tribunal judgement overturning the February 25 Kogi Central senatorial election, declaring Natasha Akpoti-Uduaghan of the Peoples Democratic Party as the actual winner. In his unanimous judgement, the Chairman of the three-man judicial panel, Justice K. A. Orjiako, nullified the victory of Senator Abubakar Ohere, saying the APC candidate’s votes were inflated in nine polling units of Ajaokuta Local Government Area. Meanwhile, Governor Bello, while speaking to State House Correspondents in Abuja on Thursday said, “I want to assure you that even judging from yesterday’s pronouncement at the appeal court, we’re going to have our three-over-three senate in Kogi State, I can ass Read the full article

[tracknews1]

WAHALA: Ajaokuta Steel, Sole administrator resigns amid EFCC probe

Engr. Sumaila Abdul-Akaba, the Sole Administrator of Ajaokuta Steel Company Limited, has stepped down amid an ongoing probe by the Economic Financial Crime Commission (EFCC). This development comes after a memo dated October 14, 2024, revealed his resignation. Now, Engr. Kanwai Atungs Joseph, General Manager of Engineering Works, will oversee the company’s affairs until a new Sole Administrator…

[joecrackconcept]

AKK Gas Pipeline Project-Based Human Capital Development Training Recruitment 2023/2024

AKK Gas Pipeline Project-Based Human Capital Development Recruitment 2023- The Nigerian National Petroleum Company Limited (NNPC) is constructing a 40 x 614km Ajaokuta-Kaduna-Kano Gas Pipeline and Stations (AKK). Continue reading Untitled

[pressgisttv]

AKK Gas Pipeline Project-Based Human Capital Development Training Recruitment 2023/2024

AKK Gas Pipeline Project-Based Human Capital Development Recruitment 2023- The Nigerian National Petroleum Company Limited (NNPC) is constructing a 40 x 614km Ajaokuta-Kaduna-Kano Gas Pipeline and Stations (AKK). Continue reading Untitled

[premimtimes]

Reps ask Buhari government to halt “last minute” concession of Ajaokuta Steel Co.

http://dlvr.it/SnQxwS