Nigerians stand to reap huge benefits from the soon to be commissioned US$600m AIG steel plant

NIGERIA – The Managing Director of African Industries Group Company, Mr. Alok Gupta, has said the company’s $600million Integrated Steel Plant would be Nigeria’s biggest non-oil Foreign Direct Investment (FDI). He noted that the new plant would boost the nation’s economy and lead to the mining of 5.4 million tonnes of Iron Ore in the country. The ore would then be beneficiated to produce high grade concentrate followed by making into pellets and then finally into Directly Reduced Iron (DRI). Gupta explained that the DRI will be used to make…

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