An update on The groundbreaking Ceremony of the Stellar Steel Plant follows the commissioning of the African Industries Group’s Galvanised Steel Plant by the Honourable Minister in Lagos with an estimated annual turnover of about $100 million. Both activities form part of his one-week official visit to Lagos and Ogun States last year to engage with private sector .
The Minister of Steel Development, Prince Shuaibu Abubakar Audu, performed the groundbreaking ceremony for the $400 million Stellar Steel Plant in Ewekoro/Sagamu, Ogun State. Developed by the Inner Galaxy Group, the project aims to produce hot-rolled coils, cut Nigeria’s steel import bill, and create thousands of jobs.
We want to grow the Nigerian economy to one of the biggest economies in the world by 2030. China has done that excellently well over the last 30 years and is also renowned for speed of execution. We as leaders in Nigeria want to follow in those footsteps so that we can make our economy not just the biggest in Africa but one of the biggest in the world,” Prince Shaibu Abubakar Audu happily said.
Site Almost Ready The groundwork is done. The evidence is right there in the pictures. This project is no longer on paper — it’s happening on the ground. This is the Renewed Hope Agenda of President Bola Ahmed Tinubu GCFR, the drive and strength of the Minister of Steel Development* working together.
For years we heard stories about Nigeria’s steel industry. Today, under Prince Shaibu, we are seeing groundbreaking, jobs, investment, and real sites preparing for work. Thousands will be employed directly and indirectly when this plant takes off.This gesture will promotes
Industrialization as more steel made here, means stronger roads, bridges, buildings, and rail across Nigeria. This proves that with the right leadership, Nigeria’s steel dream can come alive again
All thanks to the Talk-and-Do Minister ,Prince Shaibu Abubakar Audu
And to President Bola Ahmed Tinubu GCFR for providing the enabling Renewed Hope environment.
May Allah bless this project, protect the workers, and bring it to speedy and successful completion.
Mr Sunday Emmanuel Akerele
A Political/ Energy Analyst writes from
Lokoja.
18/08/2026
