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We are pleased to announce a major investment by Inner Galaxy Group, which is developing the $400 million Stellar Steel Plant in Sagamu. Covering over 100 hectares, this facility will produce hot-rolled coil steel, a vital material for the construction, manufacturing, and automotive industries. The project is set for completion by April 2026 and marks a significant milestone in our industrial development agenda.
This transformative project is expected to reduce Nigeria’s $4 billion annual steel import bill, improve our foreign exchange reserves, and strengthen local manufacturing capacity....
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