Nigeria seals $1bn steel deal with Indian firm as FDI hits $2.2bn

Businessday | 15-04-2026 05:57am |

Prince Shuaibu Abubakar Audu, minister of steel development, has signed a $1bn memorandum of understanding with India’s Rashmi Metaliks Group as Nigeria intensifies efforts to revive its steel industry. The agreement was signed Tuesday in Kolkata following the minister’s tour of the company’s steel plant. He praised its integrated operations and advanced production systems, describing

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