₦airaland Forum

We are delighted to welcome the Stellar Steel Company Limited, a $450 million investment by Galaxy Group and RSIN Group from Fuzhou, Fujian Province, China, to Ogun State. This major industrial project is on course to commence operations by mid-2026 and will produce hot-rolled coil steel, iron steel doors, and gas cylinders, thereby contributing significantly to reducing Nigeria’s steel import bill.

During a courtesy visit to our office, the Vice Chairman of RSIN Group, Mr. You Xiaotan, affirmed that the project is progressing smoothly, with levelling and foundation works already completed. We appreciate this update and commend their commitment to delivering on schedule.

As a government, we remain committed to sustaining an environment that encourages industrial growth and foreign investment. Our recent sister-state partnership with Shandong Province continues to yield positive outcomes by attracting more Chinese investors who believe in the strength of Ogun State’s economy.

We reaffirm our support for Stellar Steel Company and other investors through efficient approval processes, issuance of Certificates of Occupancy, and facilitation of necessary waivers and incentives. Every new investment validates our resolve to keep Ogun State as Nigeria’s industrial capital, creating jobs, boosting productivity, and driving shared prosperity for our people.

#BuildingOurFutureTogether #GatewayToProsperity #InvestInOgun #DapoAbiodun #OgunState #IndustrialCapitalOfNigeria

nairalanda1:
Good one, but the main issue is China.

China is producing too much cheap steel

nairalanda1:
Good one, but the main issue is China.

China is producing too much cheap steel

lordopsy2018:
Ajaokuta steal comes to mind

APCNig:
Should they be producing babies in baby factories?

naptu2:
Prince Dr. Dapo Abiodun, CON @DapoAbiodunCON



https://x.com/DapoAbiodunCON/status/1981204616583819639?t=zR_wYRc-0Xxv12Sr9jqkSA&s=19[/quote]Can you share images of the construction site. I can't find any pictures online, since this project will be completed in 2026. How many tonnes of steel will this plant produce?

SlavaUkraini:
The main issue should be quality

zoedew:
At what cost! Environmental degradation is on heightened levels in the vicinity of the Chinese manufacturing concerns in Ogun State and it is poised to negatively impact the health of the citizens and food security considering that it works adversity on the vegetation. The environment there smells of discharged effluents.

SlavaUkraini:
The main issue should be quality

aaaaabbbbbccccc:
What do you guys really what? you guys complain about everything. maybe you should run for government, if you want things to always go with your thinking

nairalanda1:
How does this relate to the topic?

It doesn't matter where the plant is set up. Be it north, south or your village, most of the world can't compete with cheap Chinese steel.

I mean, south Africa had to close down it's main steel plant for the same reason.