FG and Stellar Steel Company Sign $400 Million Deal for Ogun Steel Plant
The Federal Government and Stellar Steel Company Limited have sealed a $400 million deal to build a modern steel plant in Ogun State. The project, set to begin production in 2026, aligns with the government's vision to expand the nation's industrial base and reduce import reliance.
The initiative is expected to create 2,000 direct jobs and 20,000 indirect jobs, contributing to economic diversification and self-reliance. The partnership emphasizes the use of clean energy and efficient technology, marking a significant step towards sustainable industrial development.
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