The Ministry of Steel Development has signed an agreement to revive the Delta Steel Company, now known as Premium Steel and Mines Limited (PSML), in Delta State. The deal includes a $1.3 billion investment for raw material exploration and aims to reposition Nigeria's steel industry as a driver of industrialization and job creation. The plant, inaugurated in 1982, had been shut down due to operational challenges.
Related Articles
Don't miss out on breaking stories and in-depth articles.