Nigeria plans invest 7 billion mining steel

I think there may be a slight mistake in your statement. Nigeria is planning to invest in the mining and steel sector, but the amount mentioned is not 7 billion.

According to recent reports, the Nigerian government has announced plans to invest N2.5 trillion (approximately $6.9 billion USD) in the mining and steel sector over the next five years. This investment is aimed at increasing the country's steel production capacity, improving the sector's competitiveness, and creating jobs.

The investment plan includes the development of new steel plants, the upgrade of existing facilities, and the exploration of new mining areas. The government also plans to provide incentives to attract foreign investors and to support local companies in the sector.

It's worth noting that Nigeria has significant mineral deposits, including iron ore, coal, and tin, but the country's mining sector has faced challenges in recent years, including infrastructure deficits, lack of funding, and regulatory hurdles. The government's investment plan is aimed at addressing these challenges and unlocking the sector's potential.