After Dangote suspends investment, Chinese company announces interest in Steel

  • Inner Galaxy Steel Company Limited, a Chinese business, plans to construct a new steel complex with an investment of $300 million
  • The minister of steel development said the investment aligns with the economic diversification policy of President Bola Tinubu’s Renewed Hope Agenda
  • The minister assured the company that sustainable operations would be supported by the federal government

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

A Chinese company called Inner Galaxy Steel Company Limited intends to invest $300 million to build a new steel facility in Ogun State that will manufacture specialty steel products.