President Muhammadu Buhari has revealed that 400 million dollars 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 1.6 billion dollars annual income to the Nigerian economy and create over 500,000 estimated jobs.

According to the President, no other single project holds the key to unlocking the potential of the state as much as the Ajaokuta Steel Complex which his administration inherited as a long moribund complex strangulating under a tangle of local and international commercial disputes.