Tinubu’s India Trip Yields $3 Billion Steel Investment for Nigeria
By Adeke Chukwuka
President Bola Tinubu has achieved a remarkable feat by securing a massive $3 billion investment commitment from Indian investors. This substantial funding is aimed at revitalising the country’s steel industry.
According to a statement by Mr. Abdullahi Haruna, Special Assistant, Media and Publicity, to the Minister of Steel Development, Prince Shauib Audu, in Abuja on Wednesday, the president pledged his commitment at the Nigeria-India economic roundtable in India.
Haruna, speaking on behalf of the minister, stated that President Tinubu has secured a remarkable $3 billion investment pledge from Indian investors, particularly Jindal Steel and Power Limited, for iron ore processing and steel development in Nigeria during discussions at the G-20 Summit in New Delhi, India.
This achievement was highly praised by the minister and shows a significant boost to Nigeria’s steel industry.
The Minister enthusiastically celebrated this development, highlighting it as a game-changing moment set to rejuvenate and revolutionise Nigeria’s steel industry. He commended President Tinubu for his exceptional efforts in securing this substantial investment.
He also noted the significance of this news coinciding with the presidential tribunal’s confirmation of the president’s election victory.
As Nigeria eagerly awaits the positive effects of this massive investment, it signifies a pivotal milestone in the nation’s industrial growth and economic progress.
Follow Our Activities On Facebook
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!