The Guardian

FG partners with China for hardware at Ajaokuta steel plant


The Federal Government of Nigeria on Thursday entered into discussions with Luan Steel Holding Group, a well-known Chinese company, to establish a new steel plant in Nigeria to begin manufacturing military equipment at the Ajaokuta Steel Plant.

The partnership between the Federal Government and Luan Steel Holding Group signifies a commitment to revitalize Nigeria’s steel industry.

Prince Audu, in a statement by Salamatu Jibaniya of the Press and Public Relations Department, said the visit to China is one of the steps towards realizing the goal of reviving Nigeria's steel industry in line with the President's 'New Hope' agenda. He said that. Bola Ahmed Tinubu GCFR.

He said: “We had very fruitful discussions with Mr. Wang Jianbing, Chairman of Luan Steel Holding Group, Mr. Xiao Weizhan, our CEO, and other senior executives of Luan Steel Holding Group.

“Along with several other international and local investors, Luan Steel Holding Group is interested in establishing a new steel plant in Nigeria and the Ajaokuta Steel Plant to build military hardware in Nigeria. has expressed interest in handling some of the

“The Minister of Defense and I led this delegation, which included the Permanent Secretary, Ministry of Steel Development, Dr. Mary Ogbe, and the Sole Administrator and Managing Director of Ajaokuta Steel Company, Mr. Sumaira Abdul Aqaba, to take our first decision. Please take a look at the Luang Steel Works before you visit.”

Prince Audu expressed optimism that commercial steel production in some of Nigeria's state-owned enterprises would begin before the end of President Tinubu's administration. This achievement will be an important milestone in the country's industrialization efforts.

He further added, “The partnership with Ruan Steel Holding Group demonstrates the government’s commitment to revitalizing the Nigerian steel industry. This is a step in the right direction and will support economic growth, job creation and the nation. We will contribute to strengthening the security of the world.”

Source: guardian.ng

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