The Kogi state government says the resuscitation of the Ajaokuta steel company will help position Nigeria as an industrial giant in the world.
The Director General Media and publicity to the state Government, Mr. Kingsley Fanwo said this at the end of a meeting with prospective investors in Abuja, the nation’s Capital.
According to him, Nigeria could become an internationally recognized Industrial nation when it begins to produce steel.
“When you start producing your steel, you have become an industrial giant, must of the things we are importing now you will not have to import them again it will help construction work it will mean that we can now produce locally and export to other countries at a far cheaper rate,” he said.
Mr. Fanwo added that the kogi State Economic Team is already firming up agreements and Memorandum of Understanding (MOU) with investors in several sectors of the economy.