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News around Africa - July 18, 2018

Prioritise steel development in Nigeria – Dogara tells Buhari

Prioritise steel development in Nigeria – Dogara tells Buhari

Speaker of the House of Representatives of Nigeria, Mr. Yakubu Dogara, wants the Nigerian government to prioritise steel development in Nigeria and refrain from pumping huge sums of money into China

Speaking at the recently held 2018 Open NASS Week in Abuja, Dogara lamented that the government was more focused on implementing projects that were dependent on steel importation such as the Mambilla power project and the Second Niger Bridge, among others, which would largely enrich the Asian country as well as other countries in Europe and America.

He said that the steel sector is the bedrock of the development of the country’s economy and called on President Muhammadu Buhari’s government to give priority to it, “Point to any nation out there that is industrialised that doesn’t have a robust steel and aluminum sector.

“As we move towards the Mambilla Power Projects, we are utilising millions in tonnes of steel, and if we don’t have a robust steel sector, all the money would go to China.

“The second Niger Bridge is there, it’s going to also consume millions of tonnes of steel. If care is not taken, China will also earn all the money. So what are we doing as a government to ensure this doesn’t happen?

“Without the aluminum and steel sector, there cannot be industrialisation in Nigeria. The President of Ghana was speaking recently before an enlightened audience and he spoke of the need for Ghana to have a steel plant and they are starting soon. So if care is not taken, Nigeria, the giant of Africa, will be importing steel from Ghana.”

The speaker also emphasised the need to revolutionalise the agricultural sector for the benefit of farmers and the country.

Read Here: Ajaokuta steel company to provide 500,000 jobs, as govt plans operation after 40 years

Dogara said: “To be very frank if we don’t talk of mechanisation and subsidies for farmers, any talk about revolution in agriculture without mechanisation and subsidy is just rendering cheap talk.

“It will not be competitive and it will not work. I’m yet to see any developed country be it in America or Europe, that doesn’t subsidise farming.

“And, I’m yet to see any country that has completely mechanised its agriculture that doesn’t have a competitive edge against other nations.

“What are we doing in terms of mechanisation of agriculture in Nigeria and giving subsidy to farmers?

“Due to the fact that virtually every practice that was there before is still there, you are a farmer and you are looking for loan, forget about anchor borrowers, you might not get the loan.

“And, when you raise your produce, for instance, I have an orchard which was done about 15 years ago, they come to your farm and they want to buy your mango for N30 or N50.

“Yet they turn around and sell the same mango for N150.

“So, the problem has always been these middlemen, and it is more profitable in the agricultural value chain to be a middle man, than to be a farmer.

“So, how do we encourage the farmers so that we grow what we eat, and we eat what we grow?”

The speaker also identified high-interest rates on loans from commercial banks as a poverty trap that discouraged entrepreneurship and encouraged the movement of wealth from citizens to the corporations.
According to him, this does not propel growth of the economy as it is actually those who employ between 10 to 30 people that are really the engine growth in any nation.

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