News
Tinubu secures $3bn investment from Indian investors
President Bola Tinubu has secured a significant investment deal of $3 billion with Indian investors. This groundbreaking development was unveiled during the Nigeria-India economic roundtable held in India.
Mr. Abdullahi Haruna, the Special Assistant to the Minister of Steel Development, officially announced this event in Abuja.
He elaborated on the achievement: “In a historic move with the potential to strengthen Nigeria’s steel industry, President Tinubu has successfully attracted a monumental $3 billion investment commitment from Indian investors. The Minister of Steel Development warmly commended this achievement.”
Jindal Steel and Power Limited, a prominent private steel producer in India, emerged as the key player behind this substantial investment. They have pledged to invest $3 billion in iron ore processing and steel development within Nigeria.
This announcement emerged following extensive deliberations between President Tinubu and the leadership of Jindal Steel and Power Limited during the sidelines of the G-20 Summit held in New Delhi, India.
Minister Shauib Audu expressed his jubilation at this development, emphasizing that this commitment is a game-changer poised to reinvigorate and transform Nigeria’s steel industry.
He also expressed his deep appreciation for President Tinubu’s exceptional efforts in attracting this substantial investment to Nigeria’s steel sector.
Audu remarked, “Furthermore, this announcement coincides with the presidential tribunal’s confirmation of the president’s election. As the nation eagerly anticipates the positive impacts of this substantial investment, it signifies a pivotal moment in Nigeria’s industrial growth and economic development.”
-
News13 hours ago
Customs ‘won’t rest’ until smugglers who killed colleague are caught – Comptroller
-
Entertainment11 hours ago
Give your first salary to your father, not pastors – Kanayo Kanayo
-
News13 hours ago
EFCC to arraign 29 suspected internet fraudsters in Abuja
-
Metro11 hours ago
Bandits abduct Kogi varsity students
-
News10 hours ago
FedEx fires driver tossing packages in viral video
-
News10 hours ago
Gunmen storm Anambra community, meet police resistance
-
News6 hours ago
Court adjourns Yahaya Bello’s alleged fraud case to June 13
-
News13 hours ago
Police launch probe as passenger shoots dead Ogun Okada rider