{"id":8913,"date":"2023-09-07T12:13:45","date_gmt":"2023-09-07T11:13:45","guid":{"rendered":"https:\/\/ebirareporters.com\/?p=8913"},"modified":"2023-09-07T12:13:45","modified_gmt":"2023-09-07T11:13:45","slug":"tinubu-secures-3-billion-steel-investment-pledge-for-nigeria-in-india","status":"publish","type":"post","link":"https:\/\/ebirareporters.com\/tinubu-secures-3-billion-steel-investment-pledge-for-nigeria-in-india\/","title":{"rendered":"Tinubu Secures $3 Billion Steel Investment Pledge for Nigeria in India"},"content":{"rendered":"

President Bola Tinubu\u2019s government said it has attracted a $3 billion investment pledge from Indian investors to boost the steel industry in Nigeria.<\/p>\n

<\/p>\n

Abdullahi Haruna, spokesman for the steel development minister, Shauib Audu, announced this on Wednesday.<\/p>\n

 <\/p>\n

The president made the commitment during the Nigeria-India economic roundtable in India.<\/p>\n

 <\/p>\n

 <\/p>\n

\u201cIn a historic move that promises to bolster Nigeria\u2019s 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,\u201d the statement explained.<\/p>\n

 <\/p>\n

It added, \u201cJindal Steel and Power Limited<\/a>, one of India\u2019s 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.\u201d<\/p>\n

 <\/p>\n

The minister said the development was a game-changer that would revitalise and transform the nation\u2019s steel industry. Mr Audu lauded Mr Tinubu for his efforts in attracting investment for Nigeria\u2019s steel sector.<\/p>\n

 <\/p>\n

\u201cFurthermore, this news comes on a day when the presidential tribunal upheld the election of the president. As the country eagerly anticipates the positive impact of this massive investment, it marks a pivotal moment in Nigeria\u2019s industrial growth and economic development,\u201d said Mr Audu.<\/p>\n

 <\/p>\n

(NAN)<\/a><\/p>\n

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