A steel conglomerate, African Industries Group, has pledged to invest over $500m in the Ogun State economy.

The chairman of the group, Mr Raj Gupta, made this known on Sunday in an interview with newsmen shortly after a meeting with Governor Dapo Abiodun at his Oke Mosan Office, Abeokuta.

He said that the company, which deals mainly in steel and aluminum, was interested in growing its business in the state.

Gupta further noted that the company had over 5,000 employees on its payroll, adding that he was impressed with the level of infrastructural development embarked upon by the present administration in Ogun.

“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,” he submitted