Tayo Busayo – A conglomerate firm, African Industries Group, producer of steel and aluminum, is set to invest over $500m into Ogun State economy and begin operations with over 5,000 employees.


Mr Raj Gupta, company chairman, disclosed this at the weekend, shortly after a meeting with Governor Dapo Abiodun at his office in Oke-Mosan, Abeokuta.


Gupta said that the firm, which deals mainly in steel and aluminum is interested in growing its business in the state because of its investment and economic drive.


The company’s chairman, who stated that the company currently has over 5,000 employees on its payroll, noted that he was impressed with the level of infrastructural development embarked upon by the current administration in the state.


He said, “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 aluminum.”