Fg needs 7bn kick start mines steel industry

It seems like you're referring to the recent news about the Federal Government (FG) of Nigeria's plan to kick-start the country's steel industry with a 7 billion naira investment.

For those who may not be aware, the Nigerian government has been working to revamp the country's steel industry, which has been facing challenges in recent years. The plan is to invest 7 billion naira in the sector to boost production and create jobs.

The investment is expected to be used to upgrade existing steel plants, build new ones, and improve infrastructure in the sector. This move is seen as a step towards diversifying the country's economy and reducing its reliance on oil exports.

The steel industry is a significant sector in Nigeria, and its revival is expected to have a positive impact on the economy. The industry provides employment opportunities, generates revenue, and supports other sectors such as construction, manufacturing, and transportation.

It's worth noting that the government has been working to attract foreign investment and partnerships to support the growth of the steel industry. This includes collaborations with international companies and organizations to share expertise and technology.

Overall, the 7 billion naira investment in the steel industry is a significant step towards reviving the sector and promoting economic growth in Nigeria.