• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections 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 0
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

thenacre-campaign

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.

Perfect-Aesthetic-social-1

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.

Odun Ifa 2026
ADVERTISEMENT

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.

adron lemon friday

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.

Peculiar Adirika
Peculiar Adirika

Peculiar Adirika is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.

Related Posts

acc jpg
Business

Access Bank launches first American Express Cards to be issued in Nigeria

by Quadri Olaitan
June 9, 2023
Screenshot 2021 08 18 at 05 35 10 Abubakar Suleiman Biography Of The MD CEO Of Sterling Bank Plc
Business

‘Negative sentiment’ Sterling Bank hemorrhaging as investors lose funds

by Freelanews
January 19, 2022
quotes 18
Business

‘Pay in cash!’ Guinness announces Malta Guinness, Dubic Malt, Orijin Zero price increments

by Freelanews
January 12, 2022
BUA Foods
Business

BUA Foods proposes ₦28 dividend as profits approach ₦520bn

by Quadri Olaitan
April 1, 2026
img 20221022 wa0055
Appointments

‘I’m honoured’ Bolanle Austen-Peters wins MIT prestigious Foundry Fellowship

by Rtn. Victor Ojelabi
October 22, 2022

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

images 7 4

Obasanjo recalls how Ibori fled to London after EFCC probe

September 20, 2026
Kano Map

Woman arrested over husband’s alleged killing in Kano

September 20, 2026
IMG 20260917 133608

Toxic herbal drink kills 49 in Ondo

September 20, 2026
images 6 3

Hit-and-run drivers leave trail of death across Nigeria

September 20, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

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

August 9, 2025
amoke

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

19
Image 2024 03 26 at 120645 AM jpeg

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

11
Meran Primary Health Centre Lagos father Meran hospital

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

4
fls2

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

3
images 7 4

Obasanjo recalls how Ibori fled to London after EFCC probe

September 20, 2026
Kano Map

Woman arrested over husband’s alleged killing in Kano

September 20, 2026
IMG 20260917 133608

Toxic herbal drink kills 49 in Ondo

September 20, 2026
images 6 3

Hit-and-run drivers leave trail of death across Nigeria

September 20, 2026
ADVERTISEMENT
September 2026
SMTWTFS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug    
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.

Today’s Popular

  • 60654fbdb9fdcc64

    Peller questions hospital over HushBobby’s death

    0 shares
    Share 0 Tweet 0
  • Rotary Ikoyi Metro to launch vital 4-day Lagos schools screening (Video)

    0 shares
    Share 0 Tweet 0
  • BREAKING: Veteran actor Olu Jacobs dies at 84

    0 shares
    Share 0 Tweet 0
  • VIDEO: Desmond Elliot kneels to apologise to Gbajabiamila over APC primary rift

    0 shares
    Share 0 Tweet 0

Just Published!

images 7 4

Obasanjo recalls how Ibori fled to London after EFCC probe

September 20, 2026
Kano Map

Woman arrested over husband’s alleged killing in Kano

September 20, 2026
IMG 20260917 133608

Toxic herbal drink kills 49 in Ondo

September 20, 2026
images 6 3

Hit-and-run drivers leave trail of death across Nigeria

September 20, 2026
Diphtheria v1 panorama 1d8bee1189b57584fd9b4efb63c451db ifmulep01ros 696x348 1

Diphtheria cases cross 10,000 as experts raise fresh alarm

September 20, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 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

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

© 2026 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.