In the just concluded G-20 Summit, Bola Tinubu got a $3 billion investment pledge from Indian investors to boost productivity in Nigeria's steel industry.
Mr Abdullahi Haruna, the Special Assistant, Media and Publicity, of the Minister of Steel Development in Abuja made the announcement.
- In a historic move that promises to bolster Nigeria’s steel industry, President Tinubu has successfully attracted a monumental $3 billion investment pledge from Indian investors.
- This achievement was met with applause and commendation from the minister.
- Jindal Steel and Power Limited, one of India’s foremost private steel producers, made this momentous commitment to invest $3 billion in iron ore processing and steel development in Nigeria.
- The announcement came after extensive discussions between the president and the leadership of Jindal Steel and Power Limited on the sidelines of the G-20 Summit in New Delhi, India.
Audu also expressed his joy at the development that took place at the G-20 Summit, saying that the pledge taken by firms will revitalise and cause a huge transformation in Nigeria's steel industry.
Read more: https://www.investingport.com/g-20-summit-in-india-tinubu-secures-3bn-investment-for-steel-sector/