• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Ajaokuta Steel revival gains momentum as Nigeria holds strategic talks with Sino Steel

Peculiar Adirika by Peculiar Adirika
June 11, 2025
in Business
0
Ajaokuta Steel Revival

L-R Prince Shuaib Audu- Hon Minister for Steel Development Zhou Linan- Asst General Manager, SinoSteel Mr Joseph Tegbe- Director-General, NCSP Wang Siqi- Dep Gen Manager, Global Marketing Department, SinoSteel Adedeji Adegun- Head, Project Management, NCSP

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0

Nigeria has intensified talks with China’s Sino Steel, aiming for Ajaokuta Steel Revival to restore the industrial giant. This move is a key part of the Tinubu administration’s Renewed Hope Agenda, focusing on bringing the Ajaokuta Steel Company back to full operation

[dropcap]I[/dropcap]n a decisive step towards reviving Nigeria’s long-stalled steel industry, top government officials have opened strategic talks with Sino Steel, one of China’s leading steel conglomerates, to restore the Ajaokuta Steel Company to full productivity.

Also read: Ajaokuta Steel Revival: Nigeria-China strategic partnership aims to industrialise Nigeria

The meeting, held between Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership (NCSP), and the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, with senior executives of Sino Steel, marks a fresh push to resuscitate the once-promising industrial behemoth.

At the centre of the discussions was the revitalisation of Ajaokuta Steel Company, a facility seen as key to unlocking Nigeria’s manufacturing potential, creating thousands of jobs, and supporting sectors such as automotive, construction and heavy machinery.

The talks covered technical evaluations, operational modelling, and financing options for the long-delayed relaunch of the plant, which has an installed capacity of 1.9 million tonnes annually, with potential expansion to 5 million tonnes.

Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, the Federal Government is placing renewed focus on industrialisation and infrastructure-led growth. Ajaokuta is positioned as a cornerstone of this agenda.

This collaboration reflects a strong alignment between Nigerian economic aspirations and China’s expertise in large-scale industrial development.

Joseph Tegbe described the dialogue as “strategic, technical, and action-oriented,” highlighting that it underscores a clear alignment between Nigeria’s economic vision and China’s industrial development expertise.

Sino Steel, for its part, expressed commitment to sending a technical team to Nigeria in the coming weeks to conduct an on-site viability study.

Following that, the company is expected to submit a detailed proposal outlining a phased roadmap for modernising and optimising the facility.

Honourable Minister Shuaibu Audu reaffirmed the government’s resolve to move beyond promises. “We are determined to work with credible international partners and deliver a functional, competitive steel sector that will power Nigeria’s industrial aspirations,” he said.

This meeting is the latest in a series of high-level engagements between Nigerian and Chinese officials, as the Nigeria-China Strategic Partnership continues to play a key role in strengthening bilateral ties in infrastructure, manufacturing, and industrial development.

These moves are consistent with the shared priorities of President Tinubu and China’s President Xi Jinping.

Also read: ‘Progress was stalled’ FG reveal Ajaokuta steel facility will not be ready before Buhari’s administration conclusion

As global demand for steel remains high, the revival of Ajaokuta Steel Company could transform Nigeria into a regional industrial hub—if the vision finally moves from blueprint to reality.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Peculiar Adirika
Peculiar Adirika

Discover more from Freelanews

Subscribe to get the latest posts sent to your email.

Related Posts

Dangote Group worker reassignment
Business

Dangote Group worker reassignment ends refinery dispute

by Quadri Olaitan
October 1, 2025
CBN PS
Business

‘Launched!’ CBN initiates undergraduate, graduate entrepreneurship scheme

by Freelanews
October 22, 2021
blog image 33
Business

Have always wanted to have a neigh just like you

by Freelanews
July 12, 2018
MTN PS
Business

‘Direct and indirect’ MTN reveals it paid 13.5% of total tax collection to FG

by Rtn. Victor Ojelabi
April 2, 2022
Untitled 1 43
Business

‘Cash Reserve Ratio’ Zenith, UBA worst hit as CBN deducts N2.14trn

by Freelanews
June 28, 2020

Discussion about this post

ADVERTISEMENT

Recent News

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
Taylor Swift deepfake scandal

Taylor Swift faces deepfake scandal as Swifties call for stricter regulation

January 25, 2024
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

0
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

0
Meran Primary Health Centre

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

0
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

0
Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025
October 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Follow Us

  • Facebook
  • TikTok
  • YouTube
  • Instagram

Editor’s Pick

  • OGD vs DA
    OGD vs DA: The real story never told
    • August 22, 2025
  • Toyota Sienna harassment
    Why is Lagos State govt harassing Toyota Sienna users?
    • August 19, 2025
  • Otunba Gbenga Daniel
    Who really is Otunba Gbenga Daniel?
    • August 18, 2025

Hot!

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Total
0
Share
0
0
0
0
0
0
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from Freelanews

Subscribe now to keep reading and get access to the full archive.

Continue reading