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Ajaokuta, Delta Steel To Begin Production In 2015 – Official

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The Federal Ministry of Mines and Steel Development has said that the Light Section Mill (LSM) of the Ajaokuta and Delta Steel Companies would commence production in 2015.
The Director of Steel and Non-Ferrous Metals Department in the ministry, disclosed this in an interview with newsmen in Abuja on Monday.
He said both companies had signed Memorandum of Understanding (MoU) with different private investors on billet conversion to iron rods and other steel materials.
“The private investors will bring their billet and convert it to iron rods. We are starting that this year.
“The investors that signed MoU with Ajaokuta are a consortium from Nigeria and Ukraine,’’Also said.
“The LSM is a section of the rolling mill built for the production of iron rods and other steel materials.
“The company is divided into light, medium and heavy section mills.’’
According to Also, the Delta Steel Company was sold to an India company — Global Infrastructure — in 2005.
He said it operated for some time during which it borrowed a lot of money from Nigerian banks.
“When they took over they were producing and selling the products, but unfortunately they were not reinvesting in the plant and in fact, at a point they could even run the plant,’’ he said.
The director said Global Infrastructure was unable to repay its loan and pay workers’ salaries.
Also said the banks sold the debt to Asset Management Corporation of Nigeria (AMCON) and also had the challenge of replacing or repairing broken down machines.
He said this led to the takeover of the plant by AMCON under the receiver-manager and had been discussing with new investors to take over the plants.
“First of all, they have to agree on terms and secondly, they have to reactivate the plant. I am hopeful that Delta Steel will begin operation this year.’’
He said out of the four privatised government-owned rolling mills, only Katsina Rolling Mill was functional.
According to him, Delta Steel, Jos, and Osogbo Mills are yet to commence operation nine years after their privatisation.
Also said initially Katsina bought billet which it rolled into iron rods, but it had added other scrap-melting facilities to produce its own billet and roll into iron rods.
He said the ministry had been discussing with the owners of Jos and Osogbo Mills on the need to commence operations.
“We will continue to discuss with them. Federal Government’s plan is that the rolling mills should commence production after privatisation.
“Unfortunately, we are still battling with the owners to see that they begin operation. These are lessons we have to learn from when next we are privatising,” Also said.

Executive Director RSSDA, Mr Noble Pepple (middle) making an address, during 2014 Annual Media Report of RSSDA recently. With him are Chief Internal Auditor, RSSDA, Edith Chinda - Paul (right) and General Manager Business Development and Job Creation, RSSDA, Blessing Daniel-Kalio. Photo: Egberi A. Sampson

Executive Director RSSDA, Mr Noble Pepple (middle) making an address, during 2014 Annual Media Report of RSSDA recently. With him are Chief Internal Auditor, RSSDA, Edith Chinda – Paul (right) and General Manager Business Development and Job Creation, RSSDA, Blessing Daniel-Kalio. Photo: Egberi A. Sampson

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Minister Constitutes Tech Committee On Aviation Ties With Angola

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Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has constituted a technical committee to work with the Angolan Embassy on deepening aviation ties with Nigeria.
Special Assistant on Media and Communications to the Minister, Mr. Tunde Moshood, in a statement, said the committee would oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
This development is coming after Keyamo received the Angolan Ambassador to Nigeria, Jose Bamoquina Zau, and his Deputy, Nelson Paulo Kafikiri, in Abuja.
The statement revealed that the Angola’s Minister of Transport, Dr. Ricardo Viegas de Abreu, was keen to build a synergy between both nations and was eager to tap into the wealth of experience of Nigeria’s aviation leadership.
According to the statement, “The visit is aimed at strengthening aviation ties between Nigeria and Angola, particularly as Angola embarks on a new era for its aviation industry.
“The Angolan delegation brought positive updates on the progress of Angola’s aviation sector, specifically highlighting the recent overhaul of its airport infrastructure.
Ambassador Zau informed Keyamo that the new airport, set to serve as a strategic hub for the region, will be officially inaugurated in one month’s time.
In delivering a message from the Angolan Minister of Transport, Ricardo de Abreu, the Ambassador conveyed the Minister’s warm greetings and underscored Angola’s eagerness to foster collaboration with Nigeria.
He expressed interest in exploring a bilateral air services agreement and other mutually beneficial opportunities within the aviation sector.
Ambassador Zau also extended an official invitation from Minister Ricardo de Abreu for Keyamo to attend the grand opening of Angola’s new airport next month.
He emphasised that both nations stand to gain from deeper cooperation, particularly in aviation business and infrastructure development.
In response, the aviation Minister expressed appreciation for the visit and congratulated the Angolan government on its impressive strides in aviation infrastructure.
He affirmed his commitment to attend the upcoming event and signalled Nigeria’s readiness to work closely with Angola to enhance air connectivity and explore new business opportunities.
“To ensure seamless coordination ahead of the event, the Aviation Minister has constituted a technical committee to work with the Angolan Embassy’s team.
“The committee will oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
“The meeting underscores the continued commitment of both nations to expand their aviation sectors and work towards a prosperous and mutually beneficial relationship”, Moshood stated.

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NIWA Wants Deeper Private Investment In Blue Economy

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The National Inland Waterways Authority (NIWA) has called for deeper private sector participation in the blue economy initiative to harness greater benefits from it, for national development.
The Authority also commenced moves to improve security across the nation’s Waterways, in a bid to attract private investment into the Blue economy.
Managing Director of NIWA, Mr. Bola Oyebamiji, who disclosed this to newsmen during the tour of Wari and Onithsa area offices, said NIWA is determined to revamp the nation’s economy by consolidating on Public/Private Partnerships (PPP) initiatives.
“This initiative is part of our deliberate plans to open up new opportunities to maximise full economic potentials of the nation’s waterways.
“The PPP is the way to go but we need people or investors, who have genuine intentions and purposes to enable us align with President Bola Tinubu’s Renewed Hope Agenda for economic recovery”, he said.
The agency’s boss tasked the staff to live up to expectation by working harder in revenue generation that could open rooms to better their welfare.
He warned the staff against indolence and laxity since he was committed to staff welfare and revenue generation
According to him, there is need for the staff to be disciplined and committed by rededicating themselves to the growth and development of the Authority.

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Discount Airfares: Qatar Airways, Access Bank Extend To Dec

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The Qatar Airlines, in its efforts to further ease financial burden of air passengers, has extended its discount partnership deal with Access Bank till December 2024.
Access Bank customers, who book their flights online using Qatar Airways’ website in this deal, enjoy up to 12 percent discount on both business and economy classses.
The Bank’s customers, using the promo code “ACCESS”, can book flights to any destination in the world and travel.
Qarta Airline, in a statement through the Vice President–Africa, Hendrick du Preez, stated that the partnership reiterates the Airways’ commitment to streamline travel within and across African markets by delivering first-rate services and offerings to passengers.
“As we are in the summer season and passengers tend to want to travel to spend time with loved ones, our priority at Qatar Airways remains broadening opportunities to travel for our passengers in the African market.
“Although Africa stands as the most underserved market, we strongly believe in the power of partnerships like these in transforming travel within the continent.
“We are proud to partner with respected pan-African financial institutions like Access Bank to provide innovative incentives for passengers and customers”, he stated.
This is coming on the heels of Qatar Airways’ recent expansion of routes across the African continent along with increased flight frequencies in various locations.
Also in the release, Access Bank’s Executive Director for Corporate and Investment Banking, Iyabo Soji-Okusanya, expressed enthusiasm about the partnership.
“Our team is delighted to collaborate with Qatar Airways to bring exceptional travel benefits to our valued customers. This offering aligns with our commitment to enhancing the overall experience for those who choose Access Bank and continue to do so every year.
“By providing exclusive discounts on Qatar Airways flights, we aim to make travel more accessible and enjoyable for our customers”, Soji-Okusanya said.

Corlins Walter

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