- Nigeria partners with China’s Sinomach-He to build a steel plant in Kogi State, aiming to reduce steel imports
- The project supports Nigeria’s industrialisation goals by using locally sourced iron ore
Lagos, Nigeria – Nigeria’s ambition to revive its steel industry has been rekindled with the signing of a $1 billion Memorandum of Understanding (MOU) between Nigerian company Chart and Capstone Integrated Limited and Chinese state-owned Sinomach-He. The agreement was signed during President Tinubu’s visit to China last week, with plans to site the iron-ore-to-steel project in Kogi State.
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