President Asiwaju Bola Ahmed Tinubu has garnered a substantial $3 billion investment commitment from Indian investors during the Nigeria-India economic roundtable in India. This monumental achievement has been lauded by the Minister of Steel Development, Shuaibu Abubakar Audu, as a potential game-changer for Nigeria’s steel sector.
JINDAL STEEL & POWER LIMITED, a leading private steel producer in India, has pledged to invest $3 billion in the development of iron ore processing and steel production in Nigeria. This commitment materialized following extensive discussions between President Tinubu and the leadership of Jindal Steel and Power Limited on the sidelines of the G-20 Summit in New Delhi, India.
Minister Audu, visibly excited about this transformative development, commended President Tinubu for his exceptional efforts in attracting such a substantial investment. The minister believes that this investment pledge holds the promise of revitalizing and revolutionizing Nigeria’s steel industry, marking a significant milestone for the nation’s economic growth.
Stay tuned for more updates on this groundbreaking investment in Nigeria’s steel sector.