August 31, 2026
Ajaokuta Steel Company
***As import bill exceeds N1trn
***Minister puts figure at N5.6trn
***Devt represents failed promises
Nigeria spent over N1 trillion on steel importation in 2025, according to available data from the National Bureau of Statistics, NBS
August 31, 2026
Ajaokuta Steel Company
***As import bill exceeds N1trn
***Minister puts figure at N5.6trn
***Devt represents failed promises

Nigeria spent N7.2bn on Ajaokuta Steel Company between 2020-2025, yet imported N1tn in steel. Discover the dormant plant's costs…

Nigeria loses $4bn annually on steel imports. Discover a N44tn initiative to build modern steel mills and a nationwide rail…

After decades of false starts at Ajaokuta, private investors are stepping in with $2.72 billion in new commitments to address…

Nigeria is making its biggest push in 30 years to reclaim its steel industry, lining up $2.7 billion in private capital to…

•Seeks more funding for exploration, says raw material supply will not delay steel production

Nigeria aims to boost its steel industry by leveraging three billion tonnes of untapped iron ore reserves. Discover the…