In a bid to grow the steel industry in the country, the Minister of Steel Development Prince Shuaibu Audu has met with a representative of an Indian Company, Jindal Steel Mr. Mukesh Sharma to chart a course for the establishment of a world class steel plant in Nigeria.
Mr Audu stated that the meeting follows President Bola Ahmed Tinubu’s agreement with the company at the G-20 summit. He said the President “successfully secured a Steel Investment Deal with the Indian Company on the sidelines of the G-20 Summit in September 2023, in New Delhi, India,”.
He added that “discussions are also on with relevant Government Agencies on the best location to establish the Indian Company to build the Steel Plant.”
He expressed appreciation to Jindal Group for indicating interest to invest about 5 million dollars in Nigeria.
Earlier, the Jindal Steel Representative Mr. Mukesh Sharma said that Jindal Group is looking to build a World Steel Plant of about five million tons capacity which should kick-start in the next few years with the right commitments.
He also said that the World class “Steel Plant once running would not only serve the Nigerian market but the entire West Africa, Central Africa, and the European markets.”
