Chairman of African Industries Group

• Without this policy, these people would be jobless whether they are under educated or graduated. The production and sales operations generates also numerous jobs.

• The new policy reveals the interest of the national government on the steel sector and alleviates many social issues of the country. Gupta revealed that imported products, mainly from China, are a big challenge for local manufacturers due to their prices.

• The chairman of African Industries Group urged Nigerian Government to fund the steel industry so that local manufactures could survive in the long run.

• Gupta supported the new policy of the Central Bank of Nigeria. He said that it is a good policy because Nigeria does not have the foreign exchange to backup everyone’s requests. This is due to the collapse of the oil price. The ban of some goods from obtaining official foreign exchange would allow the national bank to support the real sector.

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