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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

Semalt SEO Review – Is Semalt Scam or Legit with Analytics Proofs

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Poplightpay Income Review

 

 

You are probably reading this because you have questions regarding Semalt SEO Review and would love to know whether or not they can be trusted in taking care of your SEO problems for your blogs or sites. Importantly, below is the source of this article.

To answer your question, I’d walk you through my journey, experiences, and discoveries about Semalt. But first, let’s do a rundown of what Semalt entails.

 

What is Semalt SEO?

Semalt is an SEO company that offers automated SEO tools and marketing services. They are popular for making your site rank higher on Google within a very short period of time, which is quite magical.

 

Semalt Services

Semalt offers various services and not only SEO alone. Since this is not the goal of this post, we shall rush through the services that Semalt offers:

Website Seo Promotion

Semalt offers full website optimization which would no doubt boost your site, visitors’ attendance, and sales. Others are:

  • Explainer video
  • Website analytics
  • Web Development

 

Semalt SEO Review?

Semalt’s auto SEO is claimed to be a ‘unique whitehat technology’ for website promotion on Google search engine. According to Semalt, the auto SEO service allows natural links placing on the niche-related web resources relevant to your website content. Links placed are integrated into ‘unique content’ which allows achieving perfect results.

Semalt claims to have a base of more than 50,000 high-quality partner sites of various subjects. Sites are carefully selected according to domain age and Google Trust Rank.

Semalt claims they are distributed according to the ratio:

  • 40% – anchor links;
  • 50% – non-anchor links;
  • 10% – brand name links.

 

How Does Semalt Auto SEO Work?

Semalt claims their AutoSEO strategy allows them to add 750 high-quality backlinks (25 backlinks per day) to your website every month. For the FullSEO campaign, the amount of added links is 100 backlinks per day. Semalt claims all of their backlinks are from selected, trusted partner websites that meet all SEO standard criteria.

Successful ranking growth is expected between day 7 and 14. Great, yeah?

 

Is Semalt Legit?

Somehow, we can confirm that Semalt’s auto SEO works wonders as we have used their platform on two various occasions and the result was phenomenal. The first month, which is often the trial month is billed at $0.99, which is quite unbelievable. A screenshot of a running campaign shows an astronomical growth on Google’s SERP.

And to be fair, it got better with each passing day. Semalt does make good on their promise to help rank your website immediately. The backlinks added to the site can be viewed or monitored within the dashboard.

While Semalt claims that they send ‘an SEO specialist’ to analyze your site upon choosing and paying for a campaign, it seems they in fact, use some sort of bot or automated method in adding these backlinks. Of course, there is the possibility that the dashboard is only returning what it is being fed with to convince their clients that their campaign is paying off. But it is, isn’t it? 

The results are truly there on Google SERP.  Or how best do we explain how Semalt adds 280 backlinks from 40 domains to a client’s website in 10 days?

 

Is Semalt Scam?

How the backlinks are added doesn’t really worry us so long we are getting the desired result, right? Results are what matters the most when you as a client pay for a performance-based service and Semalt just about does that. However, we have our reservations about Semalt. We strongly recommend you should not use them for your SEO services. They are in business, no doubt but there are so many things about their operations, approach and customer services that tell a whole lot about their brand. It is not enough to just condemn them, is it? Below is why we advise you should never use Semalt.

 

Is Semalt SEO Service Safe and Credible?

This is not about trying to ruin a business. Infosecurity published an article about how Semalt hijacked hundreds of thousands of PCs for massive BotNet in 2014. Well, that was a long time ago and Semalt claims that they have changed and are no longer in that business. 

Unfortunately, Semalt’s review on Trustpilot is a great eye-opener. You sure should take a look if you don’t find this convincing enough.

 

Semalt Gives Spammy Backlinks 

While Semalt claims they have ‘trusted’ website partners who observe standard SEO practices, the first website we signed up with on Semalt, after about six months, picked up this blog as a backlink to our site. Upon checking, we discovered that our link was never on the said link but seems it must have been taken down when we stopped our campaign.

Semalt’s crawlers simulate browsers and leave fake referrer headers on publicly available website logs. This means that their process is entirely automated, but very poor quality. 

Your website will be at risk of penalization if Google finds out you’re attempting to artificially boost your SEO. The links are on scammy sites, porn sites, and empty or malicious sites.

 

Semalt SEO Service Stops Backlinks once you stop Paying

What Semalt’s clients don’t know before signing up is that the added backlinks to their websites are temporal. The day you stop paying is the day Semalt removes them from your site and your site goes back to its original position on Google’s SERP. Semalt cleverly never tell their clients about this. 

Where it all comes to light is when your designated account manager tries to upsell you and you don’t heed, you are told almost immediately that all added backlinks to your site by Semalt would be removed. So what happens when I pay hundreds of Dollars to Semalt and fail to renew after my service lapse? The end!

See it this way, Semalt is like a luxury place you can use so long you have the money. You have no access to enjoy the rights you and your website once did if you fail to pay afterward. 

I would advise you to look for good SEO companies who sell permanent backlinks and SEO services to take care of your SEO issues. Semalt SEO Review shows this is not just the place for you if you are looking for permanent backlinks to your website!

 

Vivid Disregard for Privacy

Perhaps one of the most notorious things Semalt is known for! I have read about how Semalt violate users’ privacies by digging up their details from wherever just because they want you to commit to their services by upselling you.

They never stopped calling my phone. I received calls from Semalt or my account manager over 25 times on a Saturday during this time! I deliberately missed them and they never stopped calling.

I had my fair share of experience with them recently. I signed up a cousin’s blog for a trial SEO. He is a greenhorn with SEO related issues and has no idea how it works. 

Towards the end of his campaign, he sent me a screenshot of an email from ‘his account manager’, asking that his trial period was almost over. Note that he never signed up on Semalt let alone used his email address on their website.

 

Semalt SEO Review on Spam Bots

As far as the internet is concerned, Semalt is one of the most notorious spambots users out there! One of my blogs last year (2018) got targeted severally by Semalt’s bots. My Analytics got thrashed pretty bad until I had to replace my SEO plugin from Yoast to AIOSEOP and activated the latter’s ‘Bad Bot Blocker’ feature.

 

Semalt SEO Robot Harm

  • your-seo-promotion.com
  • your-seo-promotion-service.com
  • my-seo-promotion-service.com
  • ads-seoservices.com
  • ads-services-seo.com
  • ads-seo-manager.com
  • ai-seo-services.com
  • autoseo-b2b-seo-service.com
  • autoseo-expert.com
  • autoseo-trial-for-1.com
  • bestecommerceseo.com
  • fast-seo-links.com
  • free-seo-consultation.com
  • get-links-seo.com
  • 1-best-seo.com
  • 100-reasons-for-seo.com
  • 15-reasons-for-seo.com
  • 16-reasons-for-seo.com
  • 17-reasons-for-seo.com
  • 7-best-seo.com
  • 9-best-seo.com
  • 9-reasons-for-seo.com
  • 99-reasons-for-seo.com

Prior to switching plugins, I mailed them to raise alarm about their abuse but they claimed their bots are harmless. They always do that; tell people that their bots are totally harmless and incapable of hurting your site. But make no mistake those bots hurt pretty bad.

My website’s bounce rate jumped from 41% to 83%, with over 95 referrals. It was a trying moment in time for me as I had no idea what to do. They denied their bots were responsible until I found a way out.

 

Source for Semalt SEO Review

https://nigerianwiki.xyz/is-semalt-really-worth-it/

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Leaks

Blockchain Capital Review – Scam or Legit WBT & BCT token securities fraud

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Blockchain Capital LTD maintains relationships with customers on the basis of a smart contract for the Ethereum blockchain.

All operations with assets become absolutely transparent: each user of the platform sees how funds are distributed.

Other than allowing Blockchain Capital to rattle off some more crypto bro buzzwords, this is meaningless with respect to due-diligence.

As to BCT, I don’t know why it exists. Ditto TSA, which is another token mentioned in Blockchain Capital’s marketing material.

 

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Blockchain Capital Review 

Blockchain Capital operates in the cryptocurrency MLM niche. The company provides a corporate address in St. Vincent and the Grenadines on its website.

The address belongs to Wilfred International Services, who provide “International Business Formation” (shell companies) and a virtual office address service.

Needless to say Blockchain Capital exists in St. Vincent and the Gernadines in name only. Blockchain Capital actually appears to be run from Russia.

Supporting this is Kazan, Russia provided as a posting location on Blockchain Capital’s official Twitter profile (lit: Казань, Россия).

Blockchain Capital has a VK profile. vKontakte is a Russian social media Facebook clone.

Marketing videos on Blockchain Capital’s official YouTube channel are primarily in… you guessed it, Russian.

 

Blockchain Capital Compensation Plan

Blockchain Capital affiliates invest in WBT and BCT tokens on the expectation of a passive return.

Funds can be invested one-time or periodically over fifteen individual deposits.

Commissions are paid when Blockchain Capital affiliates recruit new affiliates who also invest.

 

Blockchain Capital Direct Commissions

Blockchain Capital pays a 12.67% commission on funds invested in WBT and BCT tokens.

This is either paid upfront if a single-deposit investment is used, or tiered down with the fifteen deposit payment model. Commissions paid if the fifteen deposit model is used are as follows:

  • Agents receive 12% on the first deposit, 8% on the second deposit, 5% on the third deposit, 2% on the fourth deposit and 1% on the fifth deposit
  • Silver Agents receive 16% on the first deposit, 10% on the second deposit, 6% on the third deposit, 3% on the fourth deposit and 2% on the fifth deposit
  • Managers receive 20% on the first deposit, 12% on the second deposit, 8% on the third deposit, 4% on the fourth deposit and 2.5% on the fifth deposit
  • Group Managers receive 25% on the first deposit, 15% on the second deposit, 10% on the third deposit, 5% on the fourth deposit and 3% on the fifth deposit
  • Region Managers receive 30% on the first deposit, 18% on the second deposit, 12% on the third deposit, 6% on the fourth deposit and 3.5% on the fifth deposit
  • Directors receive receive 35% on the first deposit, 21% on the second deposit, 14% on the third deposit, 7% on the fourth deposit and 4% on the fifth deposit
  • Group Directors receive 40% on the first deposit, 24% on the second deposit, 16% on the third deposit, 8% on the fourth deposit and 4.5% on the fifth deposit
  • Region Directors receive 50% on the first deposit, 30% on the second deposit, 20% on the third deposit, 10% on the fourth deposit and 5% on the fifth deposit

 

Blockchain Capital Affiliate Ranks

There are eight affiliate ranks within Blockchain Capital’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  • Agent – sign up and invest in WBT and/or BCT tokens
  • Silver Agent – convince others to invest $5000
  • Manager – convince others to invest $35,000
  • Group Manager – convince others to invest $150,000
  • Region Manager – convince others to invest $500,000
  • Director – convince others to invest $2,500,000
  • Group Director – convince others to invest $5,000,000
  • Region Director – convince others to invest $10,000,000

 

Blockchain Capital Sign up

Blockchain Capital affiliate membership costs are not disclosed.

Blockchain Capital fail to provide the current WBT or BCT token value on their website.

Examples in the company’s whitepaper cite investment payments of $100 made periodically.

 

Is Blockchain Capital Safe and Credible

The MLM side of the compensation sees Blockchain Capital pay out the Region Director rate on all periodic commissions paid out.

This is paid out as the difference between the referring affiliate’s rank and that of their upline.

E.g. a Region Director will earn a 15% override on the first payment commission a Director generates (50% – 35% = 15%).

There doesn’t appear to be an override paid on the single payment 12.5% commission. If there is one, it’s not mentioned in Blockchain Capital’s compensation material.

 

Is Blockchain Capital Legit 

Blockchain Capital in actuality is a simple Ponzi points scheme, buried in mountains of crypto waffle (aren’t they all).

WBT and BCT are ERC-20 shit tokens that took five minutes to set up at little to no cost. Blockchain Capital represents the value of WBT is pegged to the value of other cryptocurrencies.

A lot of the listed cryptocurrencies might have been top 20 when the chart was drawn up, but that’s no longer the case.

Yet this is the information Blockchain Capital are presenting to potential investors.

Not withstanding there is no evidence of WBT’s internal value being actually based on anything other than what Blockchain Capital sets it at.

Another red flag is new investment being the only verifiable source of revenue entering Blockchain Capital.

Regardless of how the internal value of WBT and BCT is set, withdrawals through the company’s internal exchange are funded via new investment.

This makes Blockchain Capital a Ponzi scheme. Referral commissions are also tied to new investment, adding a pyramid layer to the scheme.

Indicative of not wanting to be pursued by the SEC, the most active securities regulator on the planet, here’s Blockchain Capital’s final red flag:

 

Is Blockchain Capital Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Blockchain Capital Review is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Blockchain Capital Review on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

Disclaimer

This Blockchain Capital Review Article isn’t aimed at defaming Blockchain Capital Review 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.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Blockchain Capital review.

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

 

 

 

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Leaks

Dessii Media Investment Review – Scam or Legit 55% ROI Platform

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NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Dessii Media Review

It is an Affiiliate and Investment platform which pays members 55% roi both simple and compoundly by engaging into forex, real estate, international trade and other back up investment enterprise.

To stand out different, you don not need to do anything on Dessii, just invest and relax for either 30 or 120 days depending on the plan you choose.

 

Dessii Media Investment

  • DIAMOND N300K (N465,000)
  • Copper N10K (N15K)
  • BRONZE N20K (N31,000)
  • SILVER N50k (N77,500)
  • SILICON N100K (N155,000)
  • GOLD N200K (N310,000)
  • JEWEL N500K (N775,000)
  • PEARL N1M (N1.55M)
  • RUBY N2M (N3.1M)
  • AMBER N5M (N7.55M)

 

Dessii Media Withdrawal

Once you earned and reached the duration for withdrawal, kindly visit your dashboard and fill the withdrawal form. Withdrawals are processed within 24-48 hours upon applying for withdrawals.

 

Dessii Media 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 Dessii Media site. Dessi Media provides another opportunity to earn on the platform through the referral system, you earn a huge referral commission when you bring someone to join the platform with any of the packages, each package has a different referral commission.

  • Copper – N500
  • Bronze – N1000
  • Silver – N2500
  • Silicon – N5000
  • Gold – N10,000
  • Jewel – N25,000
  • Pearl – N50,000
  • Ruby – N75,000
  • Amber N100,000

 

Dessii Media Registration

Dessii Media 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

 

Dessii Media Login

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

To login Dessii Media only the below is needed 

  • User name  
  • Password

 

Is Dessii Media Legit

In ascertaining the credibility of a platform before outrightly assuming that Dessii Media is scam or Dessii Media is legit is very discreet, this makes a lot of factors even the slightest one so so important.

A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. Additionally, the name Monday Desmond has appeared along the line as the CEO.

I personally don’t think this platform is here to stay for long, after all no one stays forever. Their business model remains private and they can confidently close down any day due to server downtime keeping investors in the dark 

The platform is already two months old and this is close to what I call the breaking point where they can just decid to crash at anytime.

 

Is Dessii Media Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Dessii Media is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Dessii Media on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

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