He said the nation will soon be exporting steel and chemical products to various countries within the ECOWAS region.
Gupta said: “Most importantly we will be employing over 3000 people and benefit the lives of many more. Our 600 million US$ investment will be the largest non-oil FDI in the country and should encourage other mining industries to explore similar projects in the future.“The Project will also bring in significant savings in foreign exchange by import substitution and also add to foreign exchange reserves when our mining project starts to export Direct Reduced Iron to other West African countries.
“Such a project has a higher gestation period requiring full support from the Government. At this site of African Natural Resources and Mines Ltd, we will be mining Iron Ore to produce DRI which will be further used to make steel and help reduce imports into Nigeria. “We started our operations in Nigeria in 1971 and currently employ over 8,000 people in our 18 manufacturing plants in Nigeria. We have made significant Investments in the Nigerian Manufacturing Sector
Another big scam and exploitation in the making. Indian and Asians are killing Nigeria economy and have taken control virtually in sector.