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Kumar, CEO of African Foundries Limited, made the statement while taking newsmen on a tour of the company's steel mill at Ogijo in Ogun State on Tuesday.
"Nigeria has abundant iron ore deposit and if the full potential of government is ploughed into its exploration and exploitation, this country can begin to produce steel for export.
"The potential is there for Nigeria because of her drive toward economic diversification; her manpower base; her intellectual base in metallurgy science; and because she possesses abundant natural resources for steel production.