We are delighted to welcome the Stellar Steel Company Limited, a $450 million investment by Galaxy Group and RSIN Group from Fuzhou, Fujian Province, China, to Ogun State. This major industrial project is on course to commence operations by mid-2026 and will produce hot-rolled coil steel, iron steel doors, and gas cylinders, thereby contributing significantly to reducing Nigeria’s steel import bill.
During a courtesy visit to our office, the Vice Chairman of RSIN Group, Mr. You Xiaotan, affirmed that the project is progressing smoothly, with levelling and foundation works already completed. We appreciate this update and commend their commitment to delivering on schedule.
As a government, we remain committed to sustaining an environment that encourages industrial growth and foreign investment. Our recent sister-state partnership with Shandong Province continues to yield positive outcomes by attracting more Chinese investors who believe in the strength of Ogun State’s economy.
We reaffirm our support for Stellar Steel Company and other investors through efficient approval processes, issuance of Certificates of Occupancy, and facilitation of necessary waivers and incentives. Every new investment validates our resolve to keep Ogun State as Nigeria’s industrial capital, creating jobs, boosting productivity, and driving shared prosperity for our people.
#BuildingOurFutureTogether #GatewayToProsperity #InvestInOgun #DapoAbiodun #OgunState #IndustrialCapitalOfNigeria
