The Kogi State Government has officially launched the Ajaokuta Economic City, a transformative development project expected to draw between $2 billion and $5 billion in foreign direct investment (FDI) into Nigeria over the next seven years.
The ambitious project aims to reposition Ajaokuta as a major economic hub by attracting global investors, boosting industrial activities, and accelerating infrastructural development in the state.
Government officials at the unveiling described the Economic City as a strategic catalyst for job creation, export growth, and technological advancement, adding that its long-term impact would extend beyond Kogi to the wider Nigerian economy.
The project is expected to kick-start phased developments in industrial manufacturing, logistics, renewable energy, housing, and commercial services.
