By Fred Doc Nwaozor
In any given clime across the global community, capital projects are invariably what well meaning citizens clamour for whenever a call to usher in good governance is raised in the public sphere.
This is so, because, it is only by establishment of such projects as good road network, creation of portable water, sound health and education systems, that the governed could feel the impact of the government.
This is the sole reason the ratio between the capital and recurrent expenditures of the annual budget of a particular nation for a certain fiscal year often tends to favour the former to the detriment of the latter. It suffices to enthuse that it has become unarguable that capital expenditures usually benefit virtually the entire occupants of the concerned clime compared to recurrent expenditures.
In view of these facts, successive governments all over the world that truly mean well for the governed have overtime made frantic and genuine efforts to initiate capital projects that would stand the test of time. Those who actualize this quest invariably succeed in writing their names in bold and gold.
In this part of the world, particularly Nigeria, issues pertaining to governance seem to be given a different attention and interpretation by the relevant authorities. We have hitherto observed a prevalent situation whereby a certain prospective government would rigorously embark on election campaigns with the mantra to treat capital projects as priority, but would abruptly sound differently the moment it assumed duty.
This uncalled nonchalant attitude of governments at all levels has continued unabated under our nose as if the people are a set of imbeciles. Sometimes when asked for clarification by the affected citizens, the enquiry would be regarded as unimportant by the failing government.
The President Muhammadu Buhari administration is perhaps poised to address these anomalies. This assertion is not unconnected with the gesture made by the government penultimate month, precisely Thursday, 10th January 2019.
The Federal Government (FG), on the aforesaid date, approved the sum of N100 billion for the Federal Ministry of Works, out of the proceeds of the Sovereign Sukuk fund, to finance critical road infrastructure across the country. The fund would reportedly be for the construction and rehabilitation of twenty-eight (28) key economic road networks as earlier captured in the 2018 budget.
The FG disclosed that the road projects are located in the six geo-political zones of the country with each zone having a total allocation of N16.67bn. This signifies that the capital projects are evenly distributed among the entire regions.
Speaking at the presentation of symbolic cheque to the concerned ministry, the Minister of Finance, Mrs. Zainab Ahmed noted that “the funds will be released to the Federal Ministry of Power, Works and Housing based on the framework agreed with the Trustees in order to ensure transparency and accountability in the use of proceeds.”
She added that “the Sukuk funding option is part of the initiatives of the government to diversify government funding sources, while also deepening the Nigerian capital market, mobilizing more savings and promoting financial inclusion.” The roads to be funded “will ease commuting, spur economic activities across the country and further close our infrastructural gap.”
In his response, the Minister of Power, Works and Housing, Mr. Babatunde Fashola stated thus, “roads are coming, those are assets that would enable business that would enable transport, movement of goods and services and assets that will last 25, 30 to 40 years. “This is a good investment to make. So, for those who asked why are we borrowing, we are borrowing to build at today’s prices assets that will last us for another 30 years.”
He further stated “it will be more expensive to build but more importantly where is the money going. As soon as I collect this cheque, I am going to give it to the contractors. But even, they can’t keep it; they have to give it to their suppliers because they need aggregates, they need materials and labourers but they first need suppliers.”
This administration he said “is committed to follow the part of greatness, build the foundation for tomorrow by investing in infrastructure. It means that for example, we have to raise money and I am very happy to learn that over 1,876 investors are already doing business because Buhari government decides to build. That is how to build an economy.”
As Nigerians rejoice over this development, it’s imperative to bring some pertinent factors to the knowledge of the Works Ministry. Considering that initiating a certain project is quite different from completing it, the said authority needs to take into cognizance the key steps needed to be followed towards arriving at the anticipated destination.
The contracts are required to be awarded to corporate bodies of proven background and antecedents. Hence, no compromise should be reached for whatever reason. The contracts ought to be implemented in line with the country’s Public Procurement Act, thus a levelling playing ground should be provided among the prospective construction companies. The memo for the proposed contracts should be made public to enable any interested firm apply for the job.
When eventually awarded, the benefitting residents or communities should be properly made to comprehend the profile of the firms handling the respective projects with a view to making them able to alert/contact the relevant agencies whenever they observe any prank or foul play. The beneficiaries must be a stakeholder in the overall implementation of the projects.
As regards adequate monitoring, viable mobile teams comprising reliable personnel ought to be constituted by the concerned authority. This would enable a regular supervision as the work progresses. Similarly, the contractors must be mandated to complete the projects within a given time frame, else, should be made to face sanctions.
Inter alia, the ministry should endeavour to award virtually all the contracts to indigenous firms towards boosting our local content. So, they are expected to be awarded in accordance with the Executive Order 5 recently signed by President Buhari. This measure would equally enable us to ascertain the actual history of each of the companies involved.
We are meant to acknowledge that initiating a capital project by the government is the wish of the governed, but ensuring their completion remains their greatest desire. Think about it!
Comrade Nwaozor, Tech Expert, Policy Analyst & Rights Activist
and National Coordinator of Right Thinkers Movement, writes via
frednwaozor@gmail.com
Tuesday, 12 February 2019
Tech I Dissecting JAMB's Tech-Driven Innovations
By Fred Doc Nwaozor
I do not hesitate to tender an extensive and exclusive commentary each time I take note of any issue or policy pertaining to education. This feature of mine might not be unconnected with my explicit love for impaction of knowledge.
In various quarters, it is being opined and echoed that education is the key to any success room hence ought to be regarded as an inevitable pathway towards attaining one’s anticipated height. But I see it as the success itself, because anyone who acquires it is already ostensibly inside the said room.
The above assertions are the reason in advanced societies educational institutions are handled with absolute care, thus given every attention they deserve. In such part of the world, funding of the institution by the concerned authorities is never compromised. It suffices to say that such a gesture is invariably seen as a priority.
This is why developing countries like Nigeria that are apparently following the footsteps of these climes as mentioned above in regard to learning don’t seem to overlook establishments such as the Joint Admissions and Matriculation Board (JAMB).
JAMB, which remains a household name in the Nigerian polity as regards education, has in recent times been making great waves in terms of innovations and enhancement driven by technology. The rebranding mechanism has continued unabated till date.
Its introduction of the ongoing Computer-Based Test (CBT) four years ago under the watch of Prof. Dibu Ojerinde – the then Registrar – was not unlike a mere concept that would never be physically felt. It was to the onlookers’ utmost amazement when the initiative fully metamorphosed into obvious reality.
Initially, the CBT was meant to be optional or elective whereby the prospective candidates were permitted to freely choose between it and the then usual Paper-Based Test (PBT). In other words, the CBT mode was being test-run or put to the test during that era, precisely in 2015.
At the time, having commended the tech-driven innovation without much ado, I critically and extensively recommended therein the possible ways the JAMB could advance in the initiative. Other concerned Nigerians who were equally keen to educational matters, also followed suit.
I was so impressed when I realized that the newly introduced mode of testing had eventually become non-elective or compulsory among the admission seekers. Every well-meaning education stakeholder welcomed the idea which was aimed at ushering in a zero-malpractice and marking-with-ease era.
Since the full emergence of the CBT, all forms of examination malpractice have seemingly been a thing of the past. Similarly, contrary to the manual pattern of marking formerly in vogue, the activity is now done with great ease thereby making it a labour effective scheme. Among all, results could at the moment be released by the board as soon as possible, even within a few hours after the exams.
Several improvements regarding the CBT have hitherto been recorded under the current leadership of Prof. Ishaq Oloyede. In spite of a few technical hitches observed in the process, the e-mode testing has thus far made significant impacts to the delight of most Nigerians.
In the same vein, it’s equally worthy of note that an electronic registration method has fully been implemented by the JAMB. By this routine, e-mode materials are issued to the prospective candidates having purchased the e-form (e-PIN) as well as successfully registered.
For instance, only digital devices such as Compact Disc (CD) containing e-Syllabus and e-Brochure are given to the applicants, not manual booklets as done in the past. And, the payments can be made via various channels including banks, the Point of Sale (POS) machine, Automated Teller Machine (ATM), JAMB’s online portal, or the mobile phones.
In the ongoing e-registration for the 2018/2019 exams, that’s meant to last between 10th January and 21st February, 2019, all applicants would be entitled to electronic Personal Identification Numbers simply known as e-PINs the moment they made their payments. Each e-PIN, which is sent to the person’s personal phone number and grants him/her access to the registration portal, is reportedly tied to individual profile, hence not transferable.
This implies that any e-PIN is to be delivered electronically to the applicant, and not to be handwritten. Before going for the e-PIN, the applicant must have obtained his/her profile code via the cell phone number used for the preliminary exercise.
Prospective candidates are, therefore, warned to keep their respective e-PINs secret and safe toward averting any form of hacking by unscrupulous and unpatriotic elements who do not mean well for the exercise and the country at large. They are in this regard advised to see the e-PINs as strictly personal.
It’s noteworthy that only JAMB approved CBT centres nationwide are eligible to carry out the e-registration process. Each applicant is consequently required to proceed to any of these accredited centres. They have to present the e-PIN for completion of their respective registrations.
The full name of the prospective candidate as entered/typed towards acquiring the profile code, or during the preliminary stage of the e-registration, would automatically be displayed on the input of the e-PIN by the CBT centre staff.
It’s equally worth noting that anyone can also register in any of the eight JAMB recognized foreign countries, which include Ivory Coast, Ghana, Ethiopia, Benin Republic, Saudi Arabia, South Africa, England, and Beau in U.S.A.
The rigorous e-security processes to be undergone by the applicants will no doubt go a long way in curtailing different kinds of frauds and malpractices that have ab initio been in existence. It would ensure that only the persons who applied for the exams are granted the access to the e-mode question scripts.
The overall tech-driven innovations recently introduced by the JAMB will guarantee a high level of credibility and transparency in respect of the conduct of the entrance examination in its entirety. The institution is therefore encouraged to sustain the enhancements.
The JAMB, however, needs to be mindful of some key technical factors. The board must employ strict strategic approach with a view to ensuring that uninterrupted power supply is made available by the various approved CBT centres. They should also be directed to contract reliable and well experienced Information Technology (IT) experts to ensure deployment of standard and tested softwares on their computers.
Inter alia, adequate human security must be put in place to safeguard the electronic gadgets in the centres. The JAMB needs to equally inculcate these strategic measures in its headquarters towards averting any challenge either during the e-registration or the CBT.
It’s invariably great to make any innovation but far greater to painstakingly consider its apt sustenance afterwards. Think about it!
Comrade Nwaozor, Tech Expert, Policy Analyst
& Rights Activist writes via
frednwaozor@gmail.com
I do not hesitate to tender an extensive and exclusive commentary each time I take note of any issue or policy pertaining to education. This feature of mine might not be unconnected with my explicit love for impaction of knowledge.
In various quarters, it is being opined and echoed that education is the key to any success room hence ought to be regarded as an inevitable pathway towards attaining one’s anticipated height. But I see it as the success itself, because anyone who acquires it is already ostensibly inside the said room.
The above assertions are the reason in advanced societies educational institutions are handled with absolute care, thus given every attention they deserve. In such part of the world, funding of the institution by the concerned authorities is never compromised. It suffices to say that such a gesture is invariably seen as a priority.
This is why developing countries like Nigeria that are apparently following the footsteps of these climes as mentioned above in regard to learning don’t seem to overlook establishments such as the Joint Admissions and Matriculation Board (JAMB).
JAMB, which remains a household name in the Nigerian polity as regards education, has in recent times been making great waves in terms of innovations and enhancement driven by technology. The rebranding mechanism has continued unabated till date.
Its introduction of the ongoing Computer-Based Test (CBT) four years ago under the watch of Prof. Dibu Ojerinde – the then Registrar – was not unlike a mere concept that would never be physically felt. It was to the onlookers’ utmost amazement when the initiative fully metamorphosed into obvious reality.
Initially, the CBT was meant to be optional or elective whereby the prospective candidates were permitted to freely choose between it and the then usual Paper-Based Test (PBT). In other words, the CBT mode was being test-run or put to the test during that era, precisely in 2015.
At the time, having commended the tech-driven innovation without much ado, I critically and extensively recommended therein the possible ways the JAMB could advance in the initiative. Other concerned Nigerians who were equally keen to educational matters, also followed suit.
I was so impressed when I realized that the newly introduced mode of testing had eventually become non-elective or compulsory among the admission seekers. Every well-meaning education stakeholder welcomed the idea which was aimed at ushering in a zero-malpractice and marking-with-ease era.
Since the full emergence of the CBT, all forms of examination malpractice have seemingly been a thing of the past. Similarly, contrary to the manual pattern of marking formerly in vogue, the activity is now done with great ease thereby making it a labour effective scheme. Among all, results could at the moment be released by the board as soon as possible, even within a few hours after the exams.
Several improvements regarding the CBT have hitherto been recorded under the current leadership of Prof. Ishaq Oloyede. In spite of a few technical hitches observed in the process, the e-mode testing has thus far made significant impacts to the delight of most Nigerians.
In the same vein, it’s equally worthy of note that an electronic registration method has fully been implemented by the JAMB. By this routine, e-mode materials are issued to the prospective candidates having purchased the e-form (e-PIN) as well as successfully registered.
For instance, only digital devices such as Compact Disc (CD) containing e-Syllabus and e-Brochure are given to the applicants, not manual booklets as done in the past. And, the payments can be made via various channels including banks, the Point of Sale (POS) machine, Automated Teller Machine (ATM), JAMB’s online portal, or the mobile phones.
In the ongoing e-registration for the 2018/2019 exams, that’s meant to last between 10th January and 21st February, 2019, all applicants would be entitled to electronic Personal Identification Numbers simply known as e-PINs the moment they made their payments. Each e-PIN, which is sent to the person’s personal phone number and grants him/her access to the registration portal, is reportedly tied to individual profile, hence not transferable.
This implies that any e-PIN is to be delivered electronically to the applicant, and not to be handwritten. Before going for the e-PIN, the applicant must have obtained his/her profile code via the cell phone number used for the preliminary exercise.
Prospective candidates are, therefore, warned to keep their respective e-PINs secret and safe toward averting any form of hacking by unscrupulous and unpatriotic elements who do not mean well for the exercise and the country at large. They are in this regard advised to see the e-PINs as strictly personal.
It’s noteworthy that only JAMB approved CBT centres nationwide are eligible to carry out the e-registration process. Each applicant is consequently required to proceed to any of these accredited centres. They have to present the e-PIN for completion of their respective registrations.
The full name of the prospective candidate as entered/typed towards acquiring the profile code, or during the preliminary stage of the e-registration, would automatically be displayed on the input of the e-PIN by the CBT centre staff.
It’s equally worth noting that anyone can also register in any of the eight JAMB recognized foreign countries, which include Ivory Coast, Ghana, Ethiopia, Benin Republic, Saudi Arabia, South Africa, England, and Beau in U.S.A.
The rigorous e-security processes to be undergone by the applicants will no doubt go a long way in curtailing different kinds of frauds and malpractices that have ab initio been in existence. It would ensure that only the persons who applied for the exams are granted the access to the e-mode question scripts.
The overall tech-driven innovations recently introduced by the JAMB will guarantee a high level of credibility and transparency in respect of the conduct of the entrance examination in its entirety. The institution is therefore encouraged to sustain the enhancements.
The JAMB, however, needs to be mindful of some key technical factors. The board must employ strict strategic approach with a view to ensuring that uninterrupted power supply is made available by the various approved CBT centres. They should also be directed to contract reliable and well experienced Information Technology (IT) experts to ensure deployment of standard and tested softwares on their computers.
Inter alia, adequate human security must be put in place to safeguard the electronic gadgets in the centres. The JAMB needs to equally inculcate these strategic measures in its headquarters towards averting any challenge either during the e-registration or the CBT.
It’s invariably great to make any innovation but far greater to painstakingly consider its apt sustenance afterwards. Think about it!
Comrade Nwaozor, Tech Expert, Policy Analyst
& Rights Activist writes via
frednwaozor@gmail.com
Tech I NASS' $1bn Nod On Ajaokuta Project
By Fred Doc Nwaozor
The name Ajaokuta has hitherto remained a household name in Nigeria, perhaps owing to how much or often it’s being cited by must Nigerians in positions of authority.
It’s noteworthy that the famous Ajaokuta is a Local Government Area (LGA) in Kogi State – the North Central part of Nigeria – where the country’s one of the most significant, if not most, tech-driven hub(s) is situated.
The Ajaokuta Steel Company Limited (ASCL) alongside Delta Steel Company (DSC) in Delta State, among others, was established in 1979 under the reign of the Late Alhaji Shehu Shagari during the Second Republic in accordance with Section 2 of the National Steel Council Decree No.60 of September 19, 1979 and they were incorporated as Limited Liability Companies.
It was reportedly expected to commence production in 1984. Amusingly, and pathetically too, 34 years after it was designed to kick-start Nigeria’s industrialization, the multi-billion naira Ajaokuta complex is yet to produce steel despite attaining about 98% completion since 1994, having sunk about $10bn into the project. It was recently reported that about $2bn was additionally needed to complete the remaining 2% of the entire project.
It would interest us to note that the ASCL, which is reckoned to be the country’s biggest industrial project, is located on 24,000 hectares of sprawling Greenfield landmass. The steel plant itself is built on 800 hectares of land. The chosen technology for steel production is the time tested Blast-Furnace, a basic oxygen furnace route.
It was rumoured sometime last year that the President Muhammadu Buhari–led administration was planning to privatize the ASCL whose slogan remains “the bedrock of Nigeria’s industrialization” in its bid to finance the 2018 deficit budget, but the government frantically refuted the insinuation.
As regards the renewed vigour and quest to complete the remaining phase of the ASCL, on 13th December 2018, the Red Chamber of the National Assembly (NASS) graciously gave its approval for one billion dollar ($1bn) to be withdrawn from the Federal Government’s (FG’s) share of the country’s Excess Crude Account (ECA).
The Senate who acted in line with the consent of the Green Chamber, equally instructed that all monies, loans, grants, and what have you that may from time-to-time be appropriated and authorized by any tier of government or entity, either local or foreign, should be part of the funding for the completion of the project.
It’s worth noting that the resolution followed the passage of the Ajaokuta Steel Company Completion Fund Bill 2018. The bill slated for concurrence, was presented by the Senate Leader, Ahmed Lawan.
The legislation, however, stated that the monies in the fund shall be applied by the minister subject to appropriation by the NASS only for the construction, improvement, extension, enlargement and replacement of infrastructure and works, including the provision, acquisition, improvement and replacement of other capital assets required in respect of or in connection with the completion of the project.
I want to bring to our notice that the Ajaokuta integrated steel complex was born out of the then government’s quest for a diversified economy. It was conceived and steadily developed with the vision of erecting a metallurgical process plant cum engineering complex with other auxiliaries and facilities that would help to stimulate the diversified economy.
It was meant to be used to generate important upstream and downstream industrial and economic activities that were critical to the diversification of the Nigeria’s economy into an industrial one. It’s, therefore, appalling that several decades down the line, the country is still faced with the old song regarding diversification that ought to have been a thing of the past.
Even though the latest development in regard to the long awaited completion of the abandoned ASCL is coming so late or not timely, we should find joy in the fact that at last, the government has remembered the once forgotten national project. But the candid question that’s yearning for answer is: how sincere and determined are the concerned authorities towards doing the needful henceforth?
It’s not anymore news that aside the steel industry, other moribund sectors, such as the petroleum, have equally been granted similar attention in recent times under the watch of President Buhari who’s apparently keen to diversify the country’s mono-economy, yet till date, rather than getting tangible positive results, we keep receiving myriad of excuses. Is it then a function of ineptitude or lack of will?
These impediments witnessed overtime have made most concerned Nigerians to feel impelled to express grave doubts about the determination of any authority, or officer-in-charge, to aptly initiate, carry out as well as complete any project entrusted upon them.
It’s on this premise I challenge the Ministry of Mines and Steel to prove to teeming Nigerians that it is ever-ready to do as expected by presenting to the citizenry the modalities worked out towards the completion of the ASCL. It’s imperative to acknowledge that a befitting framework cannot be actualized if the authority acted without reference to the original blueprint of the project.
Similarly, considering that the project was abandoned for many years, some of the completed phases may have broken down, hence there must be cross-examination in this regard towards averting any possible future breakdown when the company becomes practically in use.
It is not arguable that $1bn is a whole lot of money, but considering the market survey concerning the completion of the ASCL, it’s understandable that more funds are urgently required for the project. Against this backdrop, the government is required to borrow from any individual or entity, particularly indigenous. It’s arguably a capital project of this kind, that would effect tremendous economic growth if completed, that requires borrowing towards its completion.
Then if eventually completed in the long run, having run the company within a reasonable period, the government may decide to sell the shares to the general public, investors in particular, with a view to servicing all the debts incurred in the process. Making the public shareholders, while the government remains the stakeholder, would equally enable the latter sustain the ASCL with ease.
As we greatly appreciate the NASS for approving this lofty move as engineered by President Buhari, it ought to also note that it’s required to use its oversight function to ensure the successful and timely completion of the laudable project. This mustn’t be taken for granted or juxtaposed with politics.
The executive on its part needn’t be reminded that consulting the cognoscenti in the process cannot be compromised for whatever reason. Think about it!
Comrade Nwaozor, National Coordinator of
Right Thinkers Movement writes via
frednwaozor@gmail.com
The name Ajaokuta has hitherto remained a household name in Nigeria, perhaps owing to how much or often it’s being cited by must Nigerians in positions of authority.
It’s noteworthy that the famous Ajaokuta is a Local Government Area (LGA) in Kogi State – the North Central part of Nigeria – where the country’s one of the most significant, if not most, tech-driven hub(s) is situated.
The Ajaokuta Steel Company Limited (ASCL) alongside Delta Steel Company (DSC) in Delta State, among others, was established in 1979 under the reign of the Late Alhaji Shehu Shagari during the Second Republic in accordance with Section 2 of the National Steel Council Decree No.60 of September 19, 1979 and they were incorporated as Limited Liability Companies.
It was reportedly expected to commence production in 1984. Amusingly, and pathetically too, 34 years after it was designed to kick-start Nigeria’s industrialization, the multi-billion naira Ajaokuta complex is yet to produce steel despite attaining about 98% completion since 1994, having sunk about $10bn into the project. It was recently reported that about $2bn was additionally needed to complete the remaining 2% of the entire project.
It would interest us to note that the ASCL, which is reckoned to be the country’s biggest industrial project, is located on 24,000 hectares of sprawling Greenfield landmass. The steel plant itself is built on 800 hectares of land. The chosen technology for steel production is the time tested Blast-Furnace, a basic oxygen furnace route.
It was rumoured sometime last year that the President Muhammadu Buhari–led administration was planning to privatize the ASCL whose slogan remains “the bedrock of Nigeria’s industrialization” in its bid to finance the 2018 deficit budget, but the government frantically refuted the insinuation.
As regards the renewed vigour and quest to complete the remaining phase of the ASCL, on 13th December 2018, the Red Chamber of the National Assembly (NASS) graciously gave its approval for one billion dollar ($1bn) to be withdrawn from the Federal Government’s (FG’s) share of the country’s Excess Crude Account (ECA).
The Senate who acted in line with the consent of the Green Chamber, equally instructed that all monies, loans, grants, and what have you that may from time-to-time be appropriated and authorized by any tier of government or entity, either local or foreign, should be part of the funding for the completion of the project.
It’s worth noting that the resolution followed the passage of the Ajaokuta Steel Company Completion Fund Bill 2018. The bill slated for concurrence, was presented by the Senate Leader, Ahmed Lawan.
The legislation, however, stated that the monies in the fund shall be applied by the minister subject to appropriation by the NASS only for the construction, improvement, extension, enlargement and replacement of infrastructure and works, including the provision, acquisition, improvement and replacement of other capital assets required in respect of or in connection with the completion of the project.
I want to bring to our notice that the Ajaokuta integrated steel complex was born out of the then government’s quest for a diversified economy. It was conceived and steadily developed with the vision of erecting a metallurgical process plant cum engineering complex with other auxiliaries and facilities that would help to stimulate the diversified economy.
It was meant to be used to generate important upstream and downstream industrial and economic activities that were critical to the diversification of the Nigeria’s economy into an industrial one. It’s, therefore, appalling that several decades down the line, the country is still faced with the old song regarding diversification that ought to have been a thing of the past.
Even though the latest development in regard to the long awaited completion of the abandoned ASCL is coming so late or not timely, we should find joy in the fact that at last, the government has remembered the once forgotten national project. But the candid question that’s yearning for answer is: how sincere and determined are the concerned authorities towards doing the needful henceforth?
It’s not anymore news that aside the steel industry, other moribund sectors, such as the petroleum, have equally been granted similar attention in recent times under the watch of President Buhari who’s apparently keen to diversify the country’s mono-economy, yet till date, rather than getting tangible positive results, we keep receiving myriad of excuses. Is it then a function of ineptitude or lack of will?
These impediments witnessed overtime have made most concerned Nigerians to feel impelled to express grave doubts about the determination of any authority, or officer-in-charge, to aptly initiate, carry out as well as complete any project entrusted upon them.
It’s on this premise I challenge the Ministry of Mines and Steel to prove to teeming Nigerians that it is ever-ready to do as expected by presenting to the citizenry the modalities worked out towards the completion of the ASCL. It’s imperative to acknowledge that a befitting framework cannot be actualized if the authority acted without reference to the original blueprint of the project.
Similarly, considering that the project was abandoned for many years, some of the completed phases may have broken down, hence there must be cross-examination in this regard towards averting any possible future breakdown when the company becomes practically in use.
It is not arguable that $1bn is a whole lot of money, but considering the market survey concerning the completion of the ASCL, it’s understandable that more funds are urgently required for the project. Against this backdrop, the government is required to borrow from any individual or entity, particularly indigenous. It’s arguably a capital project of this kind, that would effect tremendous economic growth if completed, that requires borrowing towards its completion.
Then if eventually completed in the long run, having run the company within a reasonable period, the government may decide to sell the shares to the general public, investors in particular, with a view to servicing all the debts incurred in the process. Making the public shareholders, while the government remains the stakeholder, would equally enable the latter sustain the ASCL with ease.
As we greatly appreciate the NASS for approving this lofty move as engineered by President Buhari, it ought to also note that it’s required to use its oversight function to ensure the successful and timely completion of the laudable project. This mustn’t be taken for granted or juxtaposed with politics.
The executive on its part needn’t be reminded that consulting the cognoscenti in the process cannot be compromised for whatever reason. Think about it!
Comrade Nwaozor, National Coordinator of
Right Thinkers Movement writes via
frednwaozor@gmail.com
Subscribe to:
Posts (Atom)
Featured post
Google Commences Germini 2.0 Flash Experimentation
The Tech giant, Google has announced the launch of Gemini 2.0 Flash and its associated research prototype. It is believes that this is...
MyBlog
Language Translation
ARCHIVE
-
▼
2024
(22)
-
▼
December
(20)
- US Removes 270, 000 Migrants in One Year
- EFCC Arraigns Two Bankers for Selling New Naira Notes
- Meet The New King and Queen of African Football
- Chelsea Winger, Mudryk Suspended Over Positive Dru...
- ECOWAS Approves January 2025 for Exit of Mali, Nig...
- #Fiction: BRIDAL DECEIT
- 5 Smartphones to Look Out For in 2025
- #CLIP: Seeing Your Spouse As Best Friend
- CBN Imposes #150m Fine on Banks Releasing Mint Nai...
- Microsoft Unveils Phi-4, a Powerful AI Model for R...
- Google Commences Germini 2.0 Flash Experimentation
- Tinubu Appoints Nwakuche As Acting CG of NCoS, as ...
- Kemi Badenoch Slams Shettima Over Call To Drop Nig...
- BREAKING: Dangote Refinery Exports Petrol to Cameroon
- BREAKING: National Grid Collapses For 12th Time in...
- Edo State Governor presents 2025 Appropriation Bil...
- Tinubu Appoints Ogunjimi As Nigeria's Acting AGF
- Tinubu Appoints New NUC Boss, Others
- CBN Provides Phone Numbers for Customers to Report...
- DISSECTING NIGERIA'S BORROWING SYNDROME
-
▼
December
(20)