The following warnings occurred:
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined variable $awaitingusers - Line: 34 - File: global.php(844) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/global.php(844) : eval()'d code 34 errorHandler->error
/global.php 844 eval
/showthread.php 26 require_once
Warning [2] Undefined array key "mybb" - Line: 1952 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 1952 errorHandler->error
/inc/functions_indicators.php 41 my_set_array_cookie
/showthread.php 629 mark_thread_read
Warning [2] Undefined property: MyLanguage::$ratings_update_error - Line: 5 - File: showthread.php(732) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(732) : eval()'d code 5 errorHandler->error
/showthread.php 732 eval
Warning [2] Undefined array key "additionalgroups" - Line: 7162 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 7162 errorHandler->error
/inc/functions_user.php 844 is_member
/inc/functions_post.php 406 purgespammer_show
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "profilefield" - Line: 6 - File: inc/functions_post.php(474) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php(474) : eval()'d code 6 errorHandler->error
/inc/functions_post.php 474 eval
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showimages" - Line: 741 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 741 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showvideos" - Line: 746 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 746 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "invisible" - Line: 1506 - File: showthread.php PHP 8.0.30 (Linux)
File Line Function
/showthread.php 1506 errorHandler->error
Warning [2] Undefined variable $threadnotesbox - Line: 30 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 30 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $addremovesubscription - Line: 79 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 79 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $forumjump - Line: 86 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 86 errorHandler->error
/showthread.php 1533 eval




Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
$600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta
#1
Quote:The managing director of African Industries Group, Mr Alok Gupta, yesterday, said the company’s $600million Integrated Steel Plant will be Nigeria’s highest non-oil Foreign Direct Investment (FDI) when it begins operation.

Mr Gupta said federal government’s plan to turn around its iron and steel sector will receive the desired boost with the establishment of the $600m Integrated Steel Plant in Kaduna State.

This is as the minister of Mines and Steel Development, Arc Olamilekan Adegbite, has assured that President Muhammadu Buhari will commission the phase I of the steel plant project which is sited in Tafa in Kagarko local government area of Kaduna.

“Hopefully, Mr President will be here to do the commissioning of the first phase of the project when the time comes.

“It is part of our mandate to encourage investment in mining and steel development which this group has started on; my visit here today is to encourage this investment and also to urge them to do this as quickly as possible to bring the obvious benefit, first to the community where it belongs.

“While we are there to moderate the expectations of the community, at the same time, we also encourage the investor to carry them along, benefiting in terms of employment, infrastructure including social infrastructure,” the minister said.

Affirming the minister’s position, the AIG managing director, Mr Alok Gupta, said,

“We expect to commission the Phase I of the project by end December 2020. We will be mining 5.4 million tonnes of Iron Ore, beneficiate the ore to produce high grade concentrate, make it into pellets and finally into Directly Reduced Iron (DRI). The DRI will be used to make steel billets and will avoid our need to import the same.

“We are also building a 36 MW Power Plant from the waste heat recovered in the process, which will be partly used for captive consumption,” he said.

According to him, with the completion of first phase of project, there will be significant economic and industrial development in the area by means of creation of several allied industries and social infrastructure, while the surplus power generated will further assist in developing other industries and residences and will help in urbanisation of the local area.

Pledging the support of the government of Kaduna State for the project, the Governor, Mallam Nasir El-Rufai, who was represented by the Chief of Staff, Muhammed Abdullahi, said the state will work hand in hand with the ministry to ensure that the reap the benefit that is to follow.

“The governor has asked me to assure you of our support to ensure that the people of Kaduna and the government of Nigeria benefit from the project which will provide us with the advantage of job creation, of saving foreign exchange and providing the industrial capabilities that steel holds for our economy,” he said.

The African Industries Group is a diversified Manufacturing Group involved in the manufacturing of various products including Steel.

It started its operations in Nigeria in 1971, employing over 8,000 people in their 18 manufacturing plants, according to the MD, and they are now the largest producer of steel in Nigeria having the lion share of the market with an annual production capacity of 1.2m tonnes of finished Steel Products.

Over the last six years, their subsidiary, African Natural Resources and Mines Ltd (ANRML) has also recorded breakthroughs in Resource Estimate, feasibility studies from various consultants around the world as well as Environmental and Social Impact Assessment based on both the Nigerian and IFC performance standards.


https://leadership.ng/2019/12/24/600m-steel-plant-will-be-nigerias-highest-non-oil-fdi-gupta/


[Image: 10783892_alokgupta_jpeg57bd7d88b68282cefd429db971e7a655]
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Shell To Pay $111m For Oil Spills In Nigeria Edoman 0 861 08-13-2021, 06:05 AM
Last Post: Edoman
  Oil plunges to $68, Nigeria seeks increased production quota ’Femi Asu with agency re Edoman 0 1,020 07-20-2021, 03:22 PM
Last Post: Edoman
  Nigeria lost 4.5 trillion barrels of oil to theft in 4 years — FG Edoman 0 922 07-06-2021, 06:51 PM
Last Post: Edoman
  ‘How technology can drive Nigeria’s oil and gas industry’ Edoman 1 1,702 05-25-2021, 08:59 AM
Last Post: ReynaLee
  Nigeria Reduced Gas Flaring By 70% Over The Past 15 Years - World Bank Edoman 0 735 04-30-2021, 07:43 AM
Last Post: Edoman
  More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue Edoman 0 758 04-30-2021, 07:42 AM
Last Post: Edoman
  How Smuggled Petrol From Nigeria Floods Niger, Cameroon, Benin, Togo Edoman 0 904 04-05-2021, 12:01 PM
Last Post: Edoman
  Femi Gbajabiamila: Gas Holds Key Potential For Nigeria's Economy Edoman 0 730 03-25-2021, 07:19 AM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)