Industry: Steel conglomerate to invest $500million in Ogun state

The investment drive and  economic development plans of the Ogun State Government  has received a boost, as a steel conglomerate, African Industries Group, is set to invest over $500million into the state economy.

Penpushing reports that, the chairman of the group, Mr Raj Gupta made this known while speaking with journalists after his meeting with the Governor, Prince Dapo Abiodun at his Oke Mosan Office, Abeokuta.

The group boss explained that the company which deals mainly in steel and aluminum is interested in growing its business in the state, noting that the company currently has over 5,000 employees on its payroll.

Penpushing further reports that, Gupta added that he was impressed with the level of infrastructural development embarked upon by the present administration in the state, stressing that he was on a visit to see how the group can grow further investment in the state.

“We have many industries in the state and we are here to see how we can grow our investment further. We are employing 5,000 people in the state, and our group investment in Ogun State far exceeds 500 million dollars.

“I have to say I was very impressed so far with what we have seen as progress made by the present administration, our business is in the area of steel and aluminum,” the group chairman submitted.

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