Steel Conglomerate to Push Ogun Investment to $500m


African Industries Group, a steel conglomerate, is set to boost its investment in Ogun State to over $500m. This will mark a huge boost for the investment drive and economic development plans of Governor Dapo Abiodun-led administration in the state.

The chairman of the group, Mr Raj Gupta who made this known at the weekend stated that the company, which deals mainly in steel and aluminium, is interested in growing its business in the state.

Gupta revealed that the company currently has over 5,000 employees on its payroll and expressed admiration for 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.

“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 aluminium,” he submitted.