$400m spent on Ajaokuta Steel Company will yield $1.6bn annual income – Buhari

President Muhammadu Buhari on Thursday, revealed that $400m has been spent by his administration to “transform” the Ajaokuta Steel Complex in Kogi State.

He said the investment made in the steel company will add $1.6bn annual income to the Nigerian economy and create over 500,000 estimated jobs.

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