How AIG’s $2b investment is driving Nigeria’s socio-economic growth

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The Nation Newspaper How AIG's $2b investment is driving Nigeria's socio-economic growth

set their foot on Nigeria’s soil eons ago, it was indeed a leap of faith: the desire was to set up shop, nurture it and make good in a manner of speaking!

The last five decades has seen the business evolve into a driving force in various sectors in Nigeria, with interests in mining, metals, power, decoratives, logistics, farming, chemicals, consumer durables, engineering products, research and development, and packaging. “We currently have the largest non-oil FDI investment in mining and processing, and are the largest iron and steel manufacturer, as well as the largest manufacturer of high purity refined lead in Nigeria.

According to Gupta, AIG has been supplying power to Nigeria’s National Grid since 2016. It is also on record that it was AIG that commissioned the first solar power project supplying power to industry in Nigeria. The Group has set up a fully integrated iron ore mining and steel processing plant in Kaduna state, the first of its kind in Nigeria.

Mr. Alake who gave the commendation during a visit to African Natural Resources and Mines Ltd , an iron ore mining and processing company in the African Industries Group located at Gujeni, Kagarko Local Government Area of Kaduna State, along with the Minister of Industry, Trade and Investment, Ms. Doris Nkiruka Uzoka-Anite, expressed happiness over the company’s compliance to the call for those seeking to mine in Nigeria to acquire proper licensing.

“We are not only one of the largest manufacturers of various metal products but also the most quality conscious and sustainable in its processes,” Mr. Gupta said. Giving details on this, the group’s Chairman said, “Our state-of-the-art Double Conversion and Double Absorption process is used to produce Sulphuric Acid.

 

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