Ogun State is set to welcome a transformative industrial project with the arrival of Stellar Steel Company Limited, a $450 million investment by Galaxy Group and RSIN Group from Fuzhou, China. Scheduled to begin operations by mid-2026, the company will produce hot-rolled coil steel, iron steel doors, and gas cylinders—a move that promises to significantly reduce Nigeria’s steel import bill.
During a recent courtesy visit to our office, Mr. You Xiaotan, Vice Chairman of RSIN Group, shared that the project is progressing smoothly, with levelling and foundation works already completed. It’s exciting to see such a major investment on track, reflecting the commitment of both the investors and the state government to ensure timely delivery.
Ogun State has long positioned itself as a hub for industrial growth, and initiatives like this reinforce that vision. Our partnership with Shandong Province continues to attract Chinese investors who recognize the strength and potential of Ogun State’s economy.
The government remains dedicated to creating an environment where businesses can thrive. By streamlining approvals, issuing Certificates of Occupancy, and offering necessary waivers and incentives, we are making it easier for investors to succeed. Every new project not only brings economic benefits but also creates jobs, boosts productivity, and drives shared prosperity for our people.
With Stellar Steel Company on the horizon, Ogun State is once again demonstrating why it is Nigeria’s industrial capital—a place where ambitious projects can take root and flourish, benefiting both investors and the community alike.
