President Bola Tinubu has successfully attracted a monumental 3 billion U S dollars investment pledge from Indian investors, to boost steel industry in the country.
This is according to a statement by Mr Abdullahi Haruna, Special Assistant, Media and Publicity to Minister of Steel Development, Prince Shauib Audu, in Abuja on Wednesday,
The president made the commitment during the Nigeria-India economic roundtable in India.
āIn a historic move that promises to bolster Nigeriaās steel industry, President Tinubu has successfully attracted a monumental $3 billion investment pledge from Indian investors.
āThis achievement was met with applause and commendation from the minister.
āJindal Steel and Power Limited, one of Indiaās foremost private steel producers, made this momentous commitment to invest $3 billion in iron ore processing and steel development in Nigeria.
āThe 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,ā he said.
READ ALSO: PDP rejects tribunal judgment, says itās against the facts, evidence
Audu expressed his jubilation at the development, adding that the pledge was a game-changer that would revitalise and transform the nationās steel industry.
He appreciated Tinubu for his exceptional efforts in attracting such a substantial investment for Nigeriaās steel sector.
āFurthermore, this news comes on a day when the presidential tribunal upheld the election of the president.
āAs the country eagerly anticipates the positive impact of this massive investment, it marks a pivotal moment in Nigeriaās industrial growth and economic development,ā he said. (NAN)