Nigeria’s $1.5 Billion Steel Plant Set To Produce 1 Million MT Of Steel Annually

Nigeria's $1.5 Billion Steel Plant Set To Produce 1 Million MT Of Steel Annually

Nigeria's $1.5 Billion Steel Plant Set To Produce 1 Million MT Of Steel Annually Ogbonnaya99  

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Nigeria's $1.5 billion steel plant set to produce 1 million MT of steel annually

Nigeria nears steel independence as $1.5 billion steel plant in Kaduna is set to produce 1 million MT of steel annually.

Published

 15 hours ago 

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 October 19, 2020
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The Federal government of Nigeria has disclosed that it is expecting an annual output of one million metric tonnes of steel from its $1.5 billion steel plant in Kaduna.

This was disclosed by the Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed while inspecting the steel plant facility at the African Natural Resouces and Mines Limited in Kaduna.

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According to The Punch, Mrs Zainab Ahmed during the inspection of the facility said that the $1.5 billion steel plant which is now nearing completion, would produce one million metric tonnes of steel annually.

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She emphasized that the facility is critical to the nation as it is tactical to the looming steel revolution in Nigeria.

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