Nigeria Revives Steel and Aluminum Ambitions with $2B Chinese Investment Proposal

Published: Feb 28, 2026 17:10

According to foreign media: On a warm afternoon on the 23rd, conversations in Abuja, Nigeria, turned to an industry many had long considered dormant. Nigeria's ambitions in steel and aluminum, often mentioned but rarely realized, have resurfaced as the Minister of Steel Development, Shuaibu Abubakar Audu, received a delegation from the GCL Group (GCL-Liquefied Natural Gas facility).

The meeting was not confined to general discussions but focused on a specific proposal. Chinese enterprise GCL expressed its intention to submit a construction plan for a primary aluminum smelter with a designed annual capacity of 3 million mt. The expected cost exceeds $2 billion, and the proposal is anticipated to become one of the most significant industrial projects in Nigeria's metals sector in decades.

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