Kasim Sumaina in Abuja
Minister of Steel Development, Prince Shuaibu Abubakar Audu, has performed the official ground-breaking ceremony of the Inner Galaxy Group’s Stellar Steel Plant, a $400 million investment, in Ogun State.
The Stellar Steel plant, which will sit on over 100 hectares of land once completed, is expected to produce hot-rolled coil, reducing Nigeria’s $4 billion annual steel import bill, strengthening the country’s foreign-exchange position, growing and diversifying the economy from oil and gas and also, and creating over 3,500 direct and indirect jobs for Nigerians.