Kayhill News

The Federal Government on Thursday said it would not repeat the mistake of the former President Olusegun Obasanjo’s administration on the Ajaokuta Steel Complex in Kogi State. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, who stated this at a press conference in Abuja, also said the present administration would not spend any money to complete the steel plant. Fayemi stated that the Federal Government had sunk over $8bn into the project since 1979 without any result. The minister stated that no fewer than 14 organisations from different countries had since 2016 indicated interest in the Ajaokuta Steel Complex. He said, “We have also said to them that we are not going to repeat the mistake of the Obasanjo administration. We will not undertake the re-concession without one, a technical audit; two, a transaction advisory service that will look into all these and advise us accordingly as to who really has the technical capacity, the financial wherewithal and the t...

Nigeria’s Defence Headquarters has responded to a comment by the Deputy President of the Senate, Senator Ike Ekweremadu on the Nigerian Military, while contributing to a debate on a motion sponsored by Senator Ahmed Ogembe, representing Kogi Central. Ekweremadu had stated that “The problem in Nigeria is that our democracy is receding. Who says army cannot take over, let us not joke with our democracy that is the issue”. Read also: FG We wont spend money on Ajaokuta again .   Brigadier General A Agim, Acting Director Defence Information, in a statement on Thursday said while the statement appear cautionary and sincere in the atmosphere of discourse, it is derogatory to the Army used in the expression and by extension to the Armed Forces of Nigeria. He said: “The statement in the true sense has the capacity to denigrate the Nigerian Military in every ramification including its loyalty to the President Commander in Chief of the Armed Forces and the confid...