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Nigerian president outlines plan to revitalize steel industry, target 10M tonnes by 2030, aiming to cut imports, create jobs.
Nigerian President Bola Tinubu aims to revitalize the country's steel industry, targeting 10 million tonnes of steel production by 2030.
The plan includes reviving the non-operational Ajaokuta Steel Company, which owes ₦2 billion in electricity debts, and building five mini-LNG plants.
Tinubu stresses the need for private sector involvement and has signed agreements for rehabilitation and new projects.
The push aims to reduce Nigeria's reliance on steel imports and create over 500,000 jobs.
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El presidente nigeriano esboza un plan para revitalizar la industria siderúrgica, con un objetivo de 10 millones de toneladas para 2030, con el objetivo de reducir las importaciones y crear empleos.