Steel conglomerate to invest $500m in Ogun

A steel conglomerate, African Industries Group, has announced plans set to invest over $500m into Ogun State economy.

The chairman of the group, Raj Gupta, made this known at the weekend in an interview with newsmen shortly after a meeting with Ogun State Governor, Dapo Abiodun, at his office in Abeokuta, the state capital.

Gupta said the company which deals mainly in steel and aluminum is interested in growing its business in the state.

READ ALSO: Ogun partners GetFundedAfrica, to benefit from $34bn innovation economy

He stated that the company currently has over 5,000 employees on its payroll, adding that he was impressed with the level of infrastructural development embarked upon by the present administration in Ogun.

“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,” Gupta said.

The Star