President Bola Tinubu don give approval to set up committee wey go handle three steel development projects, including the revival of Ajaokuta Steel Mill from Light Steel Mill section. Minister of Steel Development, Shauibu Audu, yarn say dis committee go source funds to bring back life for Ajaokuta Steel Company Limited and make sure say Chinese steel company, Lu’an Steel Holding Group, dey ground, plus finding location for proposed steel plant from India firm, Jindal Steel.

Audu talk say President Tinubu highlight say, reviving steel development industry go boost economic growth and open doors for plenty opportunities for Nigeria entrepreneurs. If dem fit complete these deals, about $10 billion worth of new investments go enta both new and existing steel plants for Nigeria, wey go create over 500,000 direct and indirect jobs for steel industry.