A major industrial milestone is on the horizon for Ogun State as Stellar Steel Company Limited, a $450 million steel-producing subsidiary of China’s Galaxy Group and RSIN Group, prepares to launch operations by the middle of 2026. Situated in Ogun’s rapidly growing industrial cluster, this investment promises to be a game changer for Nigeria’s steel sector and national economy .
The company will manufacture high-demand steel products including hot-rolled coil steel, iron steel doors, and gas cylinders. These products are essential inputs for Nigeria’s construction, automotive, and manufacturing industries. The move is strategically designed to curb Nigeria’s staggering $4 billion annual steel import bill, thereby boosting domestic production and conserving foreign exchange .
During a recent courtesy visit to Ogun State Governor Prince Dapo Abiodun, the Vice Chairman of RSIN Group, Mr. You Xiaotan, affirmed that the project is progressing smoothly and remains on schedule to begin operations next year. He revealed that groundwork, including land leveling and foundation laying, has been completed, underscoring the company’s commitment and readiness .
Governor Abiodun hailed the investment as a strong testament to Ogun State’s standing as Nigeria’s industrial capital. He emphasized the government’s dedication to providing a conducive environment for investors through streamlined approvals, efficient issuance of Certificates of Occupancy, and incentives such as tariff waivers and operational relief. The governor also highlighted the strategic partnership with China’s Shandong Province, which aligns with fostering economic ties and industrial development in Ogun .
This investment is also poised to create over 3,500 direct and indirect jobs, supporting Nigeria’s broader goals of economic diversification and employment generation. The plant’s operations will contribute significantly to President Bola Ahmed Tinubu’s vision of positioning Nigeria as a regional industrial powerhouse and achieving a $1 trillion economy by 2030 .
The Stellar Steel project spans over 100 hectares, reflecting a long-term investment vision aligned with enhancing Nigeria’s local steel production capabilities and industrial growth. The Ogun plant, backed with Chinese and Nigerian funding, is expected to become a vital cog in the national supply chain and a catalyst for related industries, further cementing Ogun State’s leadership in manufacturing and industrial investments .
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This comprehensive development underscores the synergy between foreign investment and local government support in driving Nigeria’s industrial renaissance and economic sustainability. Stellar Steel Company Limited’s operational commencement next year marks a new chapter for Ogun State and the country’s steel industry
