Posted on 24 Oct 2025
A new $450 million steel-producing company, Stellar Steel Company Limited, is set to begin operations in Ogun State, Nigeria, by mid-2026, Kallanish notes.
The investment comes from China’s Galaxy Group and RSIN Group, both headquartered in Fuzhou, Fujian Province, and marks one of the largest industrial projects in the Nigerian state. The plant will produce hot-rolled coil, steel doors and gas cylinders, helping to reduce Nigeria’s reliance on imported steel products, Ogun State executive governor Prince Dapo Abiodun has posted on his Facebook account.
During a courtesy visit to Abiodun, RSIN Group vice chairman You Xiaotan confirmed that the project is progressing smoothly, with levelling and foundation works already completed.
Abiodun welcomed the development, noting it reflects growing Chinese interest in Nigeria’s expanding industrial base. “Every new investment validates our resolve to keep Ogun State as Nigeria’s industrial capital, creating jobs, boosting productivity and driving shared prosperity for our people,” the governor notes.
He adds that the state government will continue to support foreign investors through streamlined approval processes, issuance of Certificates of Occupancy, and facilitation of waivers and incentives.
The project further reinforces Ogun’s position as Nigeria’s leading destination for manufacturing and industrial investments. This follows the state’s recent sister-state partnership with China’s Shandong Province, which has attracted more Chinese companies to the region.
Source:Kallanish
