The Ogun State Government has welcomed Stellar Steel Company Limited, a $450 million joint investment by Galaxy Group and RSIN Group from Fuzhou, China. The new industrial project, set to begin operations by mid-2026, will produce hot-rolled coil steel,…  | By Abimbola Akomolafe on October 23, 2025 | The Ogun State Government has welcomed Stellar Steel Company Limited, a $450 million joint investment by Galaxy Group and RSIN Group from Fuzhou, China. The new industrial project, set to begin operations by mid-2026, will produce hot-rolled coil steel, iron doors, and gas cylinders, significantly reducing Nigeria's steel import dependence. Vice Chairman of RSIN Group, Mr. You Xiaotan, confirmed during a courtesy visit that site levelling and foundation works are completed, with construction progressing smoothly toward the set timeline. Read also, Governor Dapo Abiodun reaffirmed the government's commitment to supporting investors through efficient approvals, land documentation, and policy incentives that enhance ease of doing business in the state. The governor added that Ogun's partnership with Shandong Province continues to attract major Chinese investors, reinforcing the state's position as Nigeria's industrial capital and a hub for job creation and economic expansion. | | | |
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