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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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Fed Govt Eyes Partnership With Financial Agencies On Ajaokuta's Revival


By Favour Ifeoluwa & Akinola Ajibade


Ajaokuta Steel Rolling Mills will soon be revived, if all go according to plans, the Minister of Steel Development, Shuaibu Audi gave this indication at the 7th PEEF Annual Conference( PAC) in Abuja. 

According to him, the Federal Government is currently expediting action to collaborate with financial agencies on how to revive the Ajaokuta Steel years after it privatisation failed to yield the desired result.

The conference with the theme:”Accelerating Steel Sector Development in Nigeria & Achieving Zero Corruption in Procurement Management” was well attended by the private sector operators and officials of the government.

Represented at the event by A. T. Umar,the Minister revealed that the funding of the Steel Companies in Nigeria became challenging which was what led to the privatization of the steel companies.

He said many of companies were unable to take off, despite privatisation, adding that Nigeria is at a stage where it’s rethinking whether to reverse the privatization of the steel sector in the country.

“During the President Buhari’s administration a lot of fund were invested on mining but the steel sector was neglected. As a government we need to produce steel from raw materials, this will bring economic prosperity to the nation. What the Minister is doing is to think outside the box in developing the Ajaokuta Steel.

“We want to collaborate with agencies, including financial agencies to see what we can do. We are working to develop the necessary manpower to man the sector,” he said.

Speaking,the Chairman, Board of Trustee (BoT), People Expertise and Excellent Foundation (PEEF) Engr.Abdullar Bukar advocated the need for the revival and expansion of the Ajaokuta Steel.

The development,he said,will bring about economic prosperity for Nigeria.

He said,there was need for a corruption free environment in the management of the nation’s investment in the steel sector.

He said,”Let us develop our country, so that we can process what we have and also sell finished products. Switzerland does not produce a single raw cocoa but they are the one who make the most money out of cocoa. They take raw materials that we produce, add value to it, they sell it at the price and we also go and buy”.

According to him,steel has the potential to generate N7billion annually for the country if properly harnessed.

He added:”Nigeria is exporting cement, it is also possible to export steel, therefore Ajaokuta should not only be revived but should be expanded.

“The most important part of it, is that we also need a corruption free environment to ensure efficient management of our investment on steel”

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