Nigeria moves to revive Delta Steel with $1.3bn investment plan

BusinessDay | 21-08-2026 03:04pm |

The Nigerian government is moving to revive the long-dormant Delta Steel Company, with current owners Premium Steel and Mines Limited. A $1.3 billion investment plan has been proposed to bring the steel plant back into operation. The revival is expected to boost Nigeria's industrial capacity and reduce reliance on imported steel. The plan is part of broader efforts to diversify the economy and promote local manufacturing.

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