Nigeria’s Steel Sector Attracts $500M in Foreign Investment

Nigeria’s steel industry has attracted more than $500 million in foreign direct investment over the past 20 months, marking a significant step in the country’s industrialisation efforts. This was revealed by the Minister of Steel Development, Prince Shuaibu Abubakar Audu, during a press briefing in Abuja ahead of the first National Steel Summit, set for July 16–17, 2025.

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