Wire · technology
After $8bn burned, Nigeria's idle 50-year-old mill gets new gas deal
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Fusion42 · 6 August 2026 · Fusion42 review
Nigeria has signed a new gas-supply agreement to power the dormant Ajaokuta Steel Company, aiming to revive the plant after $8 billion spent over 50 years with no steel production. The deal addresses the key obstacle of reliable gas supply and revives hopes for meeting government targets of crude-steel output by 2030 through a partnership-operated model over 10-15 years.
This Wire brief sits within Fusion42's coverage of Industrial.
◆ ◆ The Wire takeaway
You can now position your business to supply services or equipment to Nigeria’s Ajaokuta Steel revival, as reliable gas and partnership deals unblock this long-stalled industrial project. Delay or step aside and your competitors will own this emerging market in African steel production.
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1 source · 6 Aug 2026
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