FG targets 500,000 jobs, foreign direct investment with Ajaokuta Industrial Park

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

The Minister of Steel Development, Prince Shuaibu Abubakar Audu, has revealed the Federal Government's plan to make the proposed Ajaokuta Industrial Park attract foreign direct investment and 500,000 jobs in three years. Audu disclosed this during his maiden visit to the Ajaokuta Steel Company Limited (ASCOL) on Wednesday, taking a tour of the steel complex.

He also pledged his commitment to ensure steel production from the multi-billion dollar investment project of the Federal Government under a three-year plan. The Minister, who was accompanied on the trip by the Permanent Secretary of the Ministry, Dr Mary Ogbe, staff of the ministry, and some foreign investors, said the visit was aimed at giving him first-hand knowledge of the problems stopping production in the company in a bid to proffer solutions.

This key point agenda will also help us eradicate poverty. 'To achieve this, we have put together two documents. A three-year plan for the revival of Ajaokuta Steel Company, which will have a small and medium-term term plan. 'Part of the things is the roadmap to designate the 24,000 hectares land of Ajaokuta an industrial park, to create a free trade zone to attract Foreign Direct Investment further.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines