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CURRENT STATE OF AJAOKUTA STEEL COMPANY

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By SOKOYA OLAOLU PETER 

 

No Nigerian can visit Ajaokuta Steel Company ASC, see investments of more than $8b rotting in the African sun and not cry. I went there, I cried. what exactly is the problem? I have written severally on this topic, but today let me do a comprehensive post.
Ajaokuta Steel is massive, 68km road network, 24 housing estates. Some of the estates have over 1,000 homes, a seaport, a 110mw power generation plant.
There are 43 separate plants in Ajaokuta alone. It is estimated that if Ajaokuta becomes operational, it will create 500,000 jobs.
There is no industrialized nation on earth that does not have a steel sector, it’s that simple. The Central Bank of Nigeria reports that Nigeria currently imports steel, aluminum products and associated derivatives of approximately 25 metric tonnes per annum estimated at $4.5bn.
Ajaokuta is an integrated steel company, it was designed by the Russian to be self-sufficient to get all its inputs from Nigeria and make steel. Ajaokuta strength is also its weakness, Ajaokuta can only work with all inputs available.

 

A Technical Post, But Please Try And Follow
Steel is an alloy of iron & carbon. Iron is the base metal in steel, to make steel, you need Iron Ore, Coke from Coal, Limestone as main components. These components are mixed in a blast furnace to make liquid steel which can be long steel for rail lines or flat steel for auto.
To give a simple example, look at steel as making jollof rice, iron ore is the rice, the limestone and coke are the pepper and salt the pot is the blast furnace. At a steel plane the blast furnace is ONLY turned on when the steel company is ready to make steel.
Blast furnaces operate continuously and are never shut down. The raw material to be fed into the furnace is divided into several small charges that are introduced into the furnace at 10- to 15-min intervals.
This means everything must be in place BEFORE the blast furnace is turned on, the iron ore, the coal, the limestone, everything, why? Because you do not switch off a blast furnace for another 10 years or however its campaign life is.
Nigeria has all raw materials needed to produce steel including iron ore in Kogi, coal & limestone in Enugu

 

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Nigerian iron has very low iron concentration. Agbaja has the largest iron ore deposit in Nigeria with about 2b tonnes but the Agbaja ore has a high phosphate content.
Phosphate can cause brittleness in steel making it to fracture, thus Agbaga was abandoned for Itakpe. Itakpe iron ore has no issues with phosphate but has low iron content.

 

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Thus to make steel with Nigeria iron ore, a process called “beneficiation” has to be done to process the Itakpe ores to raise its iron content to meet the required standard for steel production.
Coal? Most of the coal found in Nigeria is non-coking, thus, unsuitable for steel production. coal deposits in Enugu, have no impurities but are non-coking. The good news? Nigeria has abundant deposit of limestone and we have natural gas to provide power.

So back to Ajaokuta, what really happened? why can Nigeria not make steel anytime soon? let’s link up the elements

 

1. Policy Failure

 

The Ajaokuta contract was signed between the FGN & the Soviet state-owned company, Tiajpromexport (TPE) was scheduled for completion in 1986.
In 2012, the Federal Government launched her backward integration policy. Going forward import licenses for steel products was only granted to companies producing steel locally.
TPE to ensure they could import steel parts for Ajaokuta simply went ahead and built the rolling mills in Ajaokuta BEFORE the actual steel plant was completed, they imported billet from Ukraine to accomplish this.
Ajaokuta was producing steel before the actual steel plant was started. Ajaokuta has a functional rolling mills but no operational blast furnace. Ajaokuta cannot produce steel from basic iron ore found in Nigeria. This is the definition of cart before the horse.

 

2 NIOMCO

The iron ore in Nigeria earmarked for Ajaokuta is from Itakpe, it has low iron content thus the FG built National Iron Ore Mining Company (NIOMCO) a 2.15 metric tonnes beneficiation plant to process the low-quality iron ore from Itakpe to iron ore suitable for Ajaokuta.
Simply put, if NIOMCO does not operate, Ajaokuta CANNOT operate (unless Ajaokuta uses imported iron ore.) as at today, September 2019, NIOMCO is not operational

 

3. Railway:

15m tonnes of iron ore cannot be moved by road, as it will destroy the roads, thus a railway was to be built from Itakpe to Ajaokuta to take iron ore from the beneficiation plan in Itakpe to the Ajaokuta. Rail link not working today

 

4. Blast Furnace:

The furnace is the heart. It is the pot where the jollof rice will be cooked, however it has never been turned on, why? because there has never been any time Ajaokuta has had raw materials available to ensure continuous day in day out production for 5 years.
Why no raw materials? Because there is no rail to take iron ore from Itakpe to Ajaokuta. Why no railway from Itakpe to Ajaokuta? Because NIOMCO in Itakpe is moribund and not functional thus cannot convert Itakpe iron ore to high grade ore for the furnace in Ajaokuta.
For Ajaokuta to work, she MUST have three key critical paths

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The Three Key Critical Paths

1 – NIOMCO must be functional

 

2 – Itakpe to Ajaokuta Railway line must be functional

 

3 – Blast Furnace operational

All three are not functional, so its clear Nigeria cannot make steel in Ajaokuta for now.
Nothing however stops a corrupt government official from importing billets and running them in the rolling mills. So, when anyone tells you Ajaokuta will soon begin working, ask them, can a steel plant work without NIOMCO, railways and a blast furnace?
Ajaokuta is the only steel plant in the world built by the USSR, sold to Americans, then to Indians, all these teams have come and gone with their own technical style, there have even been accusations of asset stripping by the Indians.
Ajaokuta is Nigeria and probably Africa biggest failure. It has failed. Can it be made to work? yes but the cost to integrate Ajaokuta with her mines and rails can be used to build new smaller modern turn key functional steel mills.
The government should get out of Ajaokuta, sell the place and allow private sector capital and expertise restructure and own it.
If you want to make jollof rice and there is no rice the solution is not to keep boiling water without rice but to go and get rice.
SOKOYA OLAOLU .P

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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1 Comment

1 Comment

  1. Omowaye Ayotunde

    January 22, 2020 at 7:42 am

    Possibly viable steps should be taken by the Federal government into knowing positive actions is needed in Nigeria for the citizenry.

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Leaks

Is The Commitment Circle Legit or Scam – 63k in 4 weeks Logic – The Commitment Circle Review

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Welcome to Xycinews Media, this article about The Commitment Circle Review also entails information like how it works, the founders details if available and answers to questions like;

Is The Commitment Circle scam? or is The Commitment Circle Legit?, how the referral system works and The Commitment Circle registration information.

Honestly, striving to make more funds isn’t a wrong move in anyway, and that’s why investment is a good move because it aid you in growing your initial capital… Sadly, that’s where the problem comes in. 

 

The Commitment Circle Review

The model divides the world of the campaign into five groups, represented by circles. 

The circles are concentric, which means each group is contained in the groups which are larger than it. From largest to smallest they are:

  • Community – the set of people the campaign is trying to reach
  • Crowd – the members of the Community who are in contact with the campaign
  • Contributors – those members of the Crowd who volunteer or donate
  • Committed – those Contributors who can organise others
  • Core – those Committed people without whom the campaign would fall apart

 

Once enough people are recruited and enough money is sent to the game’s founding member, the system collapses and people lose money. 

Not only will you lose money, this activity is also illegal in the U.S. and many other countries. Obviously, this is at a greater peak like the Ponzi schemes.

The commitment circle involves paying returns to earlier investors with money invested by new investors and this is a risky business model.

 

63k in 4 weeks Logic

 

The Commitment Circle Founder

While documenting this The Commitment Circle review, I did my best to search and found no information on the founder of this platform.

I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.

The Commitment Circle provides no verifiable information about who owns or runs the company on its website.

 

The Commitment Circle Referral Program

For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.

The same model is applied on the The Commitment Circle site. After a successful sign up or registration, you proceed to have more referrals so as to have your own earnings.

 

Is The Commitment Circle Safe and Credible

In ascertaining the credibility of a platform before outrightly assuming that The Commitment Circle is scam or The Commitment Circle is legit is very discreet, this makes owners information highly important and powerful.

Everyone should try to get all the information about a company before investing in them. 

Don’t let your guard down by saying nothing wrong will happen to you because you have no idea of the anonymous behind the screen.

Scammers never reveal their information because If they do, then the victims can sue them. Even if they share the information about their team of experts, the information turns to be fake all the most times for their own security reasons.

 

Is The Commitment Circle Legit 

Importantly, I always warn my blog readers first not to fall for Ponzi schemes and other investment frauds inrespective of the model, either Smart Contract, MLM, Income program, HYIP Schemes etc.

This is because these platforms involve paying longer-standing members with money from new participants, instead of actual profits from investing or selling products/services to the public. 

Obviously, this cannot be sustained and will always collapse eventually in a space of weeks or months.

 

Is The Commitment Circle Scam

The 63k in 4 weeks Investment scheme has a lot of users giving bitter review, below is some as extracted from ‘Trust Pilot’.

____________________

I received bogus emails saying that I had money available to withdraw. I had already asked them to delete my data – a request which they clearly ignored. They have my phone number and email address at least.

____________________

Anything that circle is associated with should be avoided. They stole money from me. Stole my fork fiat currencies, froze my account, sent me to customer service black hole of arrogance. ____________________

Never trust him!!! 

Never trust him!!!! 

If you want spend time and nothing receive please try use it

____________________

 

In Summary – Is The Commitment Circle Legit or Scam

Anyways, team Xycinews can’t pronounce The Commitment Circle scam or legit but we will give you all the important information at our disposal to help you decide best because it involves you and your funds and we ain’t ah third party.

This article has given you enough insight to ascertain and decide your date.

 

Disclaimer

This The Commitment Circle Review Article isn’t aimed at defaming The Commitment Circle nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

@The Blogger Scientist

 

Sharing Is Loving 💕

 

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7 Conspiracy on Instacash.work Review – Is Instacash.work Scam or Legit

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Instacash.work Review – Is Instacash.work Scam or Legit

 

Welcome to Xycinews Media, this article about Instacash.work Review also entails information like how it works, the founders details if available and answers to questions like, is Instacash.work scam? or is Instacash.work Legit?, how the referral system works and Instacash.work registration information.

Fondly called “The Blogger Scientist”, I won’t sugar talk instacash.work because I want traffic or favour from the founder, the article your reading is unbiased and completely my opinion. 

This means you can also consult other bloggers opinion, but the humbly truth is – ‘This is the best instacash.work review‘….

Honestly, striving to make more funds isn’t a wrong move in anyway, and that’s why investment is a good move because it aid you in growing your initial capital… Sadly, that’s where the problem comes in. 

Today, with a lot of link paid niche schemes, knowing the legit one could be hard. But guess what? Some are planned scam in the cover of HYIP, MLM, Smart Contracts, PPC and so on. 

 

JUST READ TO THE END PATIENTLY..!!

 

Instacash.work Review

Since scam strategies isn’t known, a lot of persons fall victim. Instacash.work claims not to be a scam zone with the vision of creating wealth with minimal risk, this Instacash.work review will stand for or against that.

Instacash is a paid to share network, which pays instant cash for sharing Links. They claim to pay more than 1000+ Payments daily but I challenge this to be false. 

While conducting this instacash.work review, I learnt it traffic was extimated at around 300-500 visitors daily. This means that value was put to convince users to engage zealously.

 

How Does Instacash.work Work

Instacash.work fail the income profit generating model. They offer payment for just referring users and how do they make their own money?

Obviously, lemme assume a billionaire philanthropist is behind instacash, but why is he still an anonymous if he is transparent and running a legit scheme.

 

Instacash.work Founder

While documenting this Instacash.work review, I did my best to search and found no information on the founder of this platform.

I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.

Instacash.work provides no verifiable information about who owns or runs the company on its website and the founder is an anonymous whom you can never catch or sue if the platform shut down for any reason.

 

Instacash.work Payment

A genuine hardworking individual has complained that she haven’t been paid till date, nonetheless the site claims to be paying all… something is wrong.

For your information, I am not saying the platform is scam but the payment proofs on your screen can be falsely generated by a robot.

 

Instacash.work Withdrawal

According to the site, after Your Balance Reaches Minimum Withdraw Threshold of $80, You Can Withdraw Your Balance Instantly to Your Withdraw Account.

Please Contact us at Payments@homejob.icu for withdraw queries and you can Withdraw Via Paypal,Bitcoin,G-cash,Coins.php,Paytm.check all Payment methods

 

Instacash.work Referral Program

For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.

The same model is applied on the Instacash.work site. After a successful sign up or registration, you proceed to login to be enable to share your referral link, make new membership and earn a referral bonus.

Copy Your Referral Link in the Dashboard, Share Your Referral Link. When Someone Clicks or visits Your Referral Link They Pay You $1 For Each Visitors To Your Referral Link.

 

Instacash.work Sign up

Visit the site for information on this.

 

Instacash.work Registration

Instacash.work Registration on the site isn’t so complicated, but it’s really necessary to have the below information handy is a as it might be needed of you.

  • Email Address  
  • User Name  
  • Password

 

Instacash.work Login

Before you have access to Instacash.work login page, it’s obvious you must registered successfully.

To login Instacash.work only the below is needed 

  • User name  
  • Password

 

Is Instacash.work Safe and Credible

In ascertaining the credibility of a platform before outrightly assuming that Instacash.work is scam or Instacash.work is legit is very discreet, this makes owners information highly important and powerful.

Everyone should try to get all the information about a company before investing in them. 

Don’t let your guard down by saying nothing wrong will happen to you because you have no idea of the anonymous behind the screen.

Scammers never reveal their information because If they do, then the victims can sue them. Even if they share the information about their team of experts, the information turns to be fake all the most times for their own security reasons.

Information is the scale on which we can measure the transparency of the website, especially, on those websites where the transaction of money is happening.

 

Is Instacash.work Legit 

Importantly, I always warn my blog readers first not to fall for Ponzi schemes and other investment frauds inrespective of the model, either Smart Contract, MLM, Income program, HYIP Schemes etc.

This is because these platforms involve paying longer-standing members with money from new participants, instead of actual profits from investing or selling products/services to the public. 

Obviously, this cannot be sustained and will always collapse eventually in a space of weeks or months.

So offer no product or service, but promise payment from doing nothing.

 

Is Instacash.work Scam

On the basics of this Instacash.work review, No one has reported it’s scam to me yet and due to number of logged files on my checklist, always share your opinion in the comments section. 

This will help potential Investors or users of the platform from falling prey. Likewise, don’t forget to also scroll down to check if there is any comment.

Don’t be deceived by offers looking too good to be real, if it looks too good to be true, pay attention.

Check if the site has an active social presence (Facebook, Twitter, Instagram)

 

In Summary – Is Instacash.work Legit or Scam

Anyways, team Xycinews can’t pronounce Instacash.work scam or legit but we will give you all the important information at our disposal to help you decide best because it involves you and your funds and we ain’t ah third party.

Don’t conclude from what you’ve read alone, make research additionally to make your firm. Always look out for the following before considering any online platform, expecially when your funds is involved.

  • Check if the site has a “contact us” web page
  • Avoid online Platforms that promises huge ROI.
  • Check if the site shows info about its company (name, address, country).
  • Check if the site has an “about us” or “company” web page.
  • Check if the site has a valid VAT or Partita IVA number (EU only).
  • Check if the platform is registered and certified to increase trust value.
  • Don’t be tricked by offers looking too good to be real, if it looks too good to be true, it could be a bait.
  • Check if the site has an active social presence (Telegram, Facebook, Twitter, Instagram)

 

Disclaimer

This Instacash.work Review Article isn’t aimed at defaming Instacash.work nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

@The Blogger Scientist

 

Sharing Is Loving 💕

 

Continue Reading

Leaks

Payperwatch Review – Is Payperwatch Scam or Legit

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Welcome to Xycinews Media, this article about Payperwatch Review was written after I noticed a lot of users want to truly know if the platform is scam or legit.

As a result, is PayPerWatch legit? & Is PayPerWatch scam? has become a rising search term.

Honestly, striving to make funds online isn’t a crime at all, and that’s why investment is a good move because it aid you in growing your initial capital… Sadly, that’s where the problem comes in. HOW?

Today, with a lot of online engagement niche schemes, knowing the legit one could be hard. But guess what? Some are planned scam in the cover of HYIP, MLM, Smart Contracts and so on. 

Since all this strategies isn’t known, a lot of persons fall victim. Payperwatch claims not to be a scam zone with the vision of creating wealth with minimal risk, this Payperwatch review will attest to that.

 

JUST READ TO THE END PATIENTLY..!!

 

Payperwatch Review

Firstly, with PayPerWatch you can make money by just listening to Music, Videos and Reviewing Photos. This makes it so easy and having a second thought is a NO to some. Below is a glism of some of their services that gives comfort from your home base.

Music

Enjoy your music whether you are at home or on the go. Have your playlist with you all the times and make money.

 

Video

New videos every hour! Over 100,000 videos in their catalogue from all over the world, in all preferred languages making you accustomed to a new YouTube.

 

Photos

Exclusive images shot from the most amazing angles capturing the magical moments. Feel nature in you from the comfort of your home and also make money.

 

Payperwatch Founder

While documenting this Payperwatch review, I did my best to search and found no information on the founder of this platform.

I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.

 

Payperwatch Referral Program

For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.

The same model is applied on the Payperwatch site. After a successful sign up or registration, you proceed to login to be enable to share your referral link, make new membership and earn a referral bonus.

 

Payperwatch Country Agent

  • A country agent will get the list of all the users in his/her country and connects directly via whatsapp. 
  • A country agent earns 10% of every plan purchased. 
  • Has a weekly minimum bonus of 100 USD 
  • They are able to withdraw daily. 
  • Country agents also earn 3% of all withdrawals processed through them.

 

Payperwatch Registration

Payperwatch Registration on the site isn’t so complicated, but it’s really necessary to have the below information handy is a as it might be needed of you.

  • Email Address  
  • User Name  
  • Phone Number  
  • Contact Info  
  • Password

 

Payperwatch Login

Before you have access to Payperwatch login page, it’s obvious you must registered successfully.

To login Payperwatch only the below is needed 

  • User name  
  • Password

 

Is Payperwatch Safe and Credible

In ascertaining the credibility of a platform before outrightly assuming that Payperwatch is scam or Payperwatch is legit is very discreet, this makes owners information highly important and powerful.

Everyone should try to get all the information about a company before investing in them. Don’t let your guard down by saying nothing wrong will happen to you because you have no idea of the anonymous behind the screen.

PayPerWatch is an online media reviewing site where creators and reviewers come together to benefit one another. The media creators sign-up with the services to upload their content with an intention to get genuine reviews from real reviewers. PayPerWatch is offering this impeccable service since 2008 and is also an award-winning community for promoting music, images, and videos. 

The media promotions done over the platform are opportunities for freelancers to earn big. PayPerWatch embarks on the path of promoting smart and easy earning.

 

Is Payperwatch Legit 

Before saying PayPerWatch is legit, they claim to have 1M+ registrations on their platform, with 1Billion online jobs done across 23 Countries and have paid out $5.7M. Nonetheless, I will say be vary careful and cautious using the platform. Below is a sad experience of an individual as extracted from “Trust Pilot”.

_______________________

Came across this site just today–payperwatch.com– and after reading it’s a FAQ I can definitely say it’s a total sham, a Ponzi scheme! PAYPERWATCH CLAIMS TO PROVIDE 14 DAY TRIAL TO TEST THEIR SITE BUT YOU CANNOT WITHDRAW ANY AMOUNT EARNED WITHIN THAT PERIOD UNLESS YOU UPGRADE TO ONE OF THEIR PLANS. 

This is the same format MIDJOBS and other similar sites followed which went away with everyone’s money after a few months. Early investors are able to get their money back but when the time comes they will not pay and new members suffer the most. 

YOU DO NOT EARN MONEY FROM ANY ADVERTISED ADS, IT COMES FROM YOUR OWN MONEY OR EVERYONE ELSES INVESTED MONEY!

Do you want more proof? I found this convo between anondurban with payperwatch and you can’t deny it’s a sham! Read more at bit.ly/33rkBVK _______________________

 

Is Payperwatch Scam

On the basics of this Payperwatch review, No one has reported it’s scam to me yet and due to number of logged files on my checklist, always share your opinion in the comments section. 

This will help potential Investors or users of the platform from falling prey. Likewise, don’t forget to also scroll down to check if there is any comment.

Don’t be deceived by offers looking too good to be real, if it looks too good to be true, pay attention.

Check if the site has an active social presence (Facebook, Twitter, Instagram)

 

In Summary – Is Payperwatch Legit or Scam

Anyways, team Xycinews can’t pronounce Payperwatch scam or legit but we will give you all the important information at our disposal to help you decide best because it involves you and your funds and we ain’t ah third party.

Don’t conclude from what you’ve read alone, make research additionally to make your firm. Always look out for the following before considering any online platform, expecially when your funds is involved.

  • Check if the site has a “contact us” web page
  • Avoid online Platforms that promises huge ROI.
  • Check if the site shows info about its company (name, address, country).
  • Check if the site has an “about us” or “company” web page.
  • Check if the site has a valid VAT or Partita IVA number (EU only).
  • Check if the platform is registered and certified to increase trust value.
  • Don’t be tricked by offers looking too good to be real, if it looks too good to be true, it could be a bait.
  • Check if the site has an active social presence (Telegram, Facebook, Twitter, Instagram)

 

Disclaimer

This Payperwatch Review Article isn’t aimed at defaming Payperwatch nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

@The Blogger Scientist

 

Sharing Is Loving 💕

 

Continue Reading

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