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Thu. Oct 30th, 2025
Trending News: Tinubu to Service Chiefs: It’s Time to Defeat Terrorists, BanditsFG Inches Closer To Implementing Single Window Policy For Efficiency At Nigerian Ports By 2026FHA Mortgage Bank Sets 10,000-Home Target For Abuja by 2027Edun: Removal of Fuel Subsidy, FX Reforms Have Strengthened Public FinancesKaduna Projects Boom: Uba Sani’s African TrajectoryPresidential Aide Launches National Traditional Leaders’ Summit to Strengthen Peace and Democratic GovernanceSudanese War Could Spiral Across Africa, Envoy Warns Nigeria, OthersKwara APC Lawmaker Joins PDPOne Dead, 8 Rescued As Another Building Collapses in LagosDoro Pledges Transparent, Tech-Driven Humanitarian Response As Senate Confirms Minister’s Appointment Tinubu Swears in CDS, Service Chiefs, Decorates Them With New RanksOroyo Brand Shines At ‘Beauty In The Motherland Conference 2025’FG, Firm Signs $400m Deal To Boost Local Steel ProductionTAFTA Empowers Young Women in Creative Industry with Skills to Build, Fund Sustainable BusinessesCAC Affirms Commitment to Transparency, Service to NigeriansAviation Analyst Lauds Gov Makinde’s S. L. Akintola International Airport’s UpgradeOgun MTEF: Abiodun Touts Infrastructure, Fiscal DisciplineIJAP Supports INEC Chairman’s Call for End to Courtroom Elections, Reiterates Urgent ReformsEXCLUSIVE: Tinubu Government Approves 15% Fuel Import Duty, Moves To Give Dangote Refinery Advantage Over Independent MarketersAdeleke Hails Rapid Progress on Ile-Ife Flyover, Vows Completion of  ProjectsNGO Seeks Grassroots CSOs’ Collaborations with Govt to Tackle Alarming Unemployment RatesEXCLUSIVE: Ondo Governor Aiyedatiwa Gives Zero Funding To Amotekun Capital Expenditure Despite Buying N1.9billion Armoured VehiclesEXCLUSIVE: Coup Plot: Nigerian Army Raids Abuja Residence Of Buhari’s Former Petroleum Minister, Timipre Sylva, Arrests BrotherHow We Secured Joy Ikoja’s Freedom After Six Months In Detention, By OgbedeMillions of Ekiti Residents Benefit from Poverty Alleviation Programmes, as NISD Seeks More Access to Social ProtectionNNPC Shops for Equity Partners to ‘High-grade’ Its Comatose RefineriesNew Service Chiefs Get Senate Confirmation, Vow Reforms to Tackle Insecurity, Boost Troops’ WelfareFG Bows to Public Pressure, Reverses Pardon ListGTCO Reports Profit Before Tax of N900.8bn in Q3 2025ASUU: FG Releases N2.3bn Batch 8 Salary, Promotion Arrears, Deepens Dialogue, Strengthens WelfarePwC Shrinks Global Workforce, Abandons 100,000 Five-year Hiring TargetNERC Rolls Out Plan to Mark 20 Years of Regulating Nigeria’s Power SectorSurvey: About 17 Million New Jobs Available in Nigeria’s Care EconomyAfrica Leadership Foundation Launches First Pan-African Gender Budgeting Network to Advance Inclusive DevtShettima Wants ACF to Stand In Solidarity With Tinubu’s Renewed Hope AgendaTHISDAY Ranked Among 2025 Nigeria’s Top 50 BrandsOgun Restates Support for Investors through Sound Policies, InfrastructureMultiChoice Nigeria Takes the Fight Against Piracy to SchoolsMarwa: Challenge of Drug Scourge Remains Monumental, More Work NeededNAPHARM Champions Pharmaceutical Innovation for National DevelopmentOver 250,000 Women Register for Financial Literacy Programme of Women MinistryBEN KALU AND THE POLITICS OF THIN SKINDISCOS AND THE METERING GAPSNIGERIAN POWER SECTOR PRIVATISATION: SOLVING A WICKED PROBLEMUNILORIN AT 50Gov Alia Approves Ikya to Lead Lobi Stars Interim Management RichyGold Boss and His Vision Beyond Profit for ChildrenFirm Envisages Nigeria’s First Sports City Project in AbujaAwolaja: Lagos Should Have Office of Valuer-GeneralReport: New African Union Coordination Hub to Fast-track 130 Transnational Projects Worth $6bnAlatise Pledges Jobs, Investment Drive, Seeks Awujale ThroneOdii, Jimmy-Eboma to Lead Discussions at SSE Lab’s MBA Business ShowersBREAKING: Bandits Kidnap Anglican Priest, Wife In Kaduna CommunitySenate Confirms CDS, Service Chiefs’ Appointments After Closed Session ScreeningEx-Minister Timipre Sylva Confirms Military Raid On Abuja Residence, Denies Links To Alleged Coup, Says He’s In UK On Medical VacationVFD Group Reports 61% Profit 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Car Dealers to Tackle Money LaunderingMinistry Registers Over 250,000 Women For Financial Literacy Programme All Igbo States are One, United, Says Anioma MovementObserve Ethics When Reporting Children, FG, UNICEF Advise JournalistsFUDMA Affirms Othman as Substantive Vice-chancellorEXCLUSIVE: How ‘Repentant’ Boko Haram Members Leak Nigerian Army Movements, Armoury To Terrorists — Soldiers RevealDSS Arrests Man Over Social Media Call for Military CoupReport: Nigeria Back on Stable Growth Path, But Pace Remains InadequateUS Revokes Soyinka’s Visa, Gives No Reason for ActionOyedele: Despite Fiscal Expansion Amid Reforms, Poverty Still a ChallengeAhead of 2028 Licence Expiration, FG Mulls Recapitalisation of Discos to Boost Liquidity, InvestmentsNigeria, UNIDO, Partners Unite to Drive Mercury-free Gold Mining RevolutionBudgIT: Anambra, Lagos, Kwara, Abia, Edo Lead in 2025 States’ Fiscal Performance RankingNASENI: Nigeria Emerging as Global Force for Sustainability, InnovationForeign 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Thu. Oct 30th, 2025

FG, Firm Signs $400m Deal To Boost Local Steel Production

Kasim Sumaina in Abuja 

The Federal Government, through the Ministry of Steel Development, has signed a $400 million Joint Strategic Cooperation Agreement with Stellar Steel Company Limited to boost local steel production and reduce Nigeria’s reliance on imported steel products.

The Minister of Steel Development, Prince Shuaibu Abubakar Audu, had performed the groundbreaking ceremony of the Steel Plant in Ogun State in April 2025.

Audu signed the agreement on behalf of the Federal Government during a courtesy visit by the management of Stellar Steel Company Limited, led by Mr Li, President of Inner Galaxy Group, at the ministry’s headquarters in Abuja.

The minister, in a statement issued in Abuja, described the partnership as a major milestone towards revitalising Nigeria’s steel industry and achieving the Federal Government’s target of 10 million tonnes of crude steel production annually by 2030.

He stated that the ministry will facilitate policy and infrastructure support, including inclusion of Stellar Steel’s logistics projects in the National Infrastructure Plan and access to available fiscal incentives.

Highlights of the cooperation, Audu said, include: “Development of a localized iron ore supply chain to reduce import dependence and save over $1 billion in foreign exchange annually.

“Creation of more than 2,000 direct and 20,000 indirect jobs across the steel value chain. Promotion of green steel production using clean and energy-efficient technologies. Strengthening of Nigeria’s position as a regional steel manufacturing hub in West Africa.”

He also stated that in return, Stellar Steel will prioritise local recruitment and training, partnering with Nigerian universities to build technical and managerial expertise in steel production.

Shuaibu emphasised that this strategic cooperation marks a new era for Nigeria’s steel industry and demonstrates the government’s commitment to sustainable industrial growth and economic transformation.

In his remarks, the leader of the delegation, Mr. Li, assured the minister that Stellar Steel Company Limited will respect all agreements reached and will ensure the completion of the project in record time, and assured him that all safety standards will be observed.

Li was accompanied during the visit by Mr. You Xiastian, Vice-Chairman of RSIN Group; Mr. Jackie Den, Vice-President of Inner Galaxy Group; and Mr. Yin, Director of RSIN Group.

Speaking at the signing, representatives of both parties emphasised that the partnership would strengthen Nigeria’s industrial base, create jobs and foster technology transfer in the sector.

Stellar Steel Company Limited is a steel-manufacturing enterprise established to operate in Nigeria, with major investment backing from two Chinese conglomerates — Galaxy Group and RSIN Group — both headquartered in Fuzhou, Fujian Province, China.

In the agreement signed in Abuja on Tuesday, October 28, 2025, Stellar Steel will invest $400 million in the construction of a modern steel plant in Ewekoro, Ogun State.

The project will be developed in three phases, with the first phase expected to commence production by mid-2026.

​  

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    .Says govt won’t tolerate excuses again

    .CDS pledges armed forces support for democratic rule

    Deji Elumoye in Abuja

    President Bola Tinubu on Thursday read the Riot Act to the newly appointed service chiefs by charging them to intensify efforts to defeat terrorism, banditry, and other criminal activities across the country.
    For effect, the President emphasised to the service chiefs that Nigerians now expect results, not excuses from them.
    President Tinubu, who gave the charge at the Council Chambers of the State House in Abuja following the decoration of the service chiefs with their new ranks as four-star general and three-star generals declared:
    “We cannot allow the crisis that began in 2009 to persist any longer. I charge you, as the heads of our nation’s armed forces, to carry out your duties with patriotic zeal.
    “Nigerians expect results, not excuses. I also urge you to be innovative, pre-emptive, and courageous. Let’s stay ahead of those who seek to threaten our peace. Let us deploy technology where necessary”.
    The President tasked the new military chiefs to dismantle the activities of emerging armed groups that have regrouped in some parts of the country.
    According to him: “Security threats are constantly evolving and mutating. Of grave concern to our administration is the recent emergence of new armed groups in the North-Central, North-West, and parts of the South.
    “We must not allow these new threats to fester. We must be decisive and proactive. Let us smash the new snakes right at the head.”
    He assured the armed forces of the Federal Government’s readiness to support their efforts, reiterating that the safety and security of Nigerians remain paramount for national development.
    President Tinubu commended the courage and commitment of the military and their families for their sacrifices to the nation.
    “Over the years, our military has remained steadfast in defending our nation’s territorial integrity, with many soldiers paying the supreme price for their service. Their sacrifices will not be in vain.
    “We have restored peace to many areas previously under siege, rescued countless kidnapped citizens, and significantly diminished the capacity of terror groups.
    “There were times when terrorists and armed marauders held significant portions of our land; this is no longer the case,” the President said.
    He urged the service chiefs to ensure synergy and provide exemplary leadership in all their operations.
    His words: “I advise you to work together as a team. Compare notes, exchange information effectively, and follow up proactively to ensure a seamless process. Work with other security agencies and defeat this enemy once and for all. We need to clean them up, clear them out. I promise to provide all the support you need to get the job done.”
    Responding on behalf of the service chiefs, Chief of Defence Staff, General Olufemi Oluyede, thanked the President for finding them worthy of the appointments.
    General Oluyede urged Nigerians to support the military in the campaign to safeguard Nigeria’s territorial integrity and rid the country of terrorism, banditry, and other criminal activities.
    He also assured the President of their determination to keep the country safe.
    “Security should be our business, but without the support of Nigerians, we can hardly achieve anything. I want to encourage Nigerians of all ethnicities to support us, and ultimately, we will make Nigeria a safer place. That’s our promise to you,” he said.
    Speaking with newsmen after the ceremony, General Oluyede pledged the unwavering commitment of the Nigerian Armed Forces to the sustenance of democracy and the preservation of national security, reaffirming absolute loyalty to President Tinubu and the Nigerian people.
    He assured that the military under his command would work relentlessly to rid the country of all forms of criminality and create a secure environment where socio-economic activities can flourish.
    His words: “I want to assure Mr president and all Nigerians today that we’ll do all our utmost best to ensure that we rid Nigeria of all forms of criminality and make Nigeria safer to ensure socio-economic endeavours can thrive.We pledge our loyalty to Mr. President, and we assure you
    that will continue to support the flourishing democracy and support all your government aspirations to make Nigeria better. That’s our pledge for you today”
    The Defence Chief further called on Nigerians to continue supporting the armed forces as they intensify operations to protect lives and property across the nation.
    “But in all, I want to thank all Nigerians for the support they give to the armed forces, and I expect that they give us more so that we can make Nigeria safer.”
    The Service Chiefs who were promoted and decorated with their new ranks include the Chief of Defence Staff, General Olufemi Oluyede; Chief of Defence Intelligence, Lieutenant General Emmanuel Parker Undiandeye; Chief of Army Staff, Lieutenant General Waidi Shaibu; Chief of Naval Staff, Vice Admiral Idi Abbas; and Chief of Air Staff, Air Marshal Sunday Kelvin Aneke..
    The Service Chiefs were accompanied to the event by their spouses. The military chiefs drew applause from the audience when, after saluting the President, their Commander-in-Chief, they turned and saluted their wives.
    The ceremony was witnessed by Vice President Kashim Shettima, Senate President Godswill Akpabio, his deputy, Senator Barau Jibrin, House Speaker Tajudeen Abbas, and his deputy, Benjamin Kalu, the Senate Majority Leader, Opeyemi Bamidele, and the Chairman of the Appropriation Committee, Senator Olamilekan Adeola.
    Also present were the Governors of Kwara, Abdulrahman Abdulrazak; Jigawa, Umar Namadi; Lagos, Babajide Sanwo-Olu; and Ogun, Prince Dapo Abiodun.
    Other dignitaries in attendance included the Secretary to the Government of the Federation, Senator George Akume; Chief of Staff, Femi Gbajabiamila; Head of the Civil Service, Esther Didi Walson-Jack; Chairmen of Defence Committees in the National Assembly, Senator Ahmad Ibrahim Lawan and Babajimi Benson; Minister of Defence, Mohammed Badaru Abubakar; Minister of Finance, Wale Edun; Minister of Information, Muhammed Idris; and National Security Adviser, Nuhu Ribadu..

    ​  

    .Says govt won’t tolerate excuses again .CDS pledges armed forces support for democratic rule Deji Elumoye in Abuja President Bola Tinubu on Thursday read the Riot Act to the newly

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    FG Inches Closer To Implementing Single Window Policy For Efficiency At Nigerian Ports By 2026
    FG Inches Closer To Implementing Single Window Policy For Efficiency At Nigerian Ports By 2026

    FG Inches Closer To Implementing Single Window Policy For Efficiency At Nigerian Ports By 2026

    * As Shettima demands roadmap for weight and measures framework

    * Tasks NPA, Customs, SON, NIS, others on inter-agency synergy

    Deji Elumoye in Abuja 

    Nigeria has intensified efforts to actualize the implementation of the National Single Window at the nation’s ports by 2026.

    Vice-President Kashim Shettima said the policy targeted at creating a single platform to harmonise documentation, minimise human contact, and bring full transparency to the cargo clearance process would be a game changer at the ports.

    Shettima, who stated this on Thursday during the second meeting of the Ports and Customs Efficiency Committee at the State House, Abuja, noted that the target is to reduce average cargo clearance time from 21 days to less than seven days by the end of 2026, and to position Nigerian ports among the top three most potent trade corridors in Africa.

    His words: “By the end of 2026, we aim to reduce average cargo clearance time in Nigeria to under seven days and to position our ports among the top three most efficient trade gateways on the continent. 

    “The forthcoming implementation of the National Single Window in the first quarter of next year will be a game changer, a single platform that harmonises documentation, minimises human contact, and brings full transparency to the cargo clearance process.”

    The vice-president also directed the Nigerian Ports Authority (NPA), Nigerian Customs Service (NCS), National Agency for Food and Drug Administration and Control (NAFDAC), Standards Organisation of Nigeria (SON), and other relevant agencies to come up with a roadmap on how to make Nigeria’s weights and measures framework effective. 

    The weights and measures framework conducts regular surveillance and inspections across Nigeria to ensure that weighing and measuring equipment used in trade is accurate and that consumers receive the correct value for their money in line with standard global practice.

    The main objective is to ensure consumer protection, which is achieved by preventing fraud and misrepresentation in commercial transactions involving weights and measures.

    Demanding a roadmap for an effective weights and measures framework, Shettima said the target is to improve port operations, make cargo clearance faster and more efficient by reducing average cargo clearance time from 21 days to less than seven days by the end of 2026, as well as position Nigerian ports among the top three most potent trade corridors in Africa.

    The vice-president expressed dismay over cargo dwell time at Nigeria’s major ports, which he said “currently averages between 18 to 21 days,” compared to Ghana and Cotonou, Benin Republic, where it takes five to seven days and just four days respectively. 

    “The cost of clearing goods in Nigeria is estimated to be 30 per cent higher than in many of our regional peers. Our ports record cargo dwell times 475 per cent above the global average benchmark. 

    “These inefficiencies are not just statistics; they are symptoms of an economic ailment that costs us investments, drives up consumer prices, and weakens our export competitiveness. We simply cannot afford to continue down this path,” he noted.

    Shettima however expressed optimism that the Executive Order on Joint Physical Inspection, which is currently before President Bola Tinubu, “stands as one of the boldest and most decisive steps towards reversing these trends”. 

    “It marks the dawn of a new era, an era where agencies work together, where systems speak a common language, and where traders and investors can depend on predictability, transparency and speed,” he added.

    The vice-president demanded synergy among the NPA, Nigerian Customs Service NAFDAC, SON, NIS and other relevant agencies, saying the era of working in silo was over.

    He said: “But no reform succeeds without ownership. Every agency represented here, the Nigerian Ports Authority, the Customs Service, NAFDAC, NDLEA, Standards Organisation of Nigeria, Immigration, the Quarantine Service, and all our partners must see ourselves not as isolated operators, but as links in a single, integrated value chain.

    “The era of siloed operations must end. Inter-agency rivalry must give way to inter-agency synergy. We are only as efficient as our collaboration allows, and our success will depend not only on what we do individually, but on what we achieve together.”

    Earlier, the Director General of PEBEC, Princess Zahrah Audu, drew attention to the impact of inefficient port operations on the Ease of Doing Business in Nigeria, underscoring the imperative for a collective resolve among stakeholders to improve port operations, making cargo clearance faster and more efficient.

    She decried the losses incurred as a result of the inefficiency at the nation’s ports while acknowledging the efforts of the Customs and Ports Efficiency Committee, describing the committee as a platform that represents not only interagency collaboration but also a shared commitment to making Nigeria’s ports globally competitive, transparent and efficient.

    Also speaking, the Managing Director of the Nigeria Ports Authority, Dr Abubakar Dantsoho, emphasized the import of synergy in revamping the nation’s ports, noting that: “Until there is collaboration and partnership you cannot achieve efficiency at the ports.”

    Highlighting the steps taken by the ports authority to address bottlenecks faced by importers and exporters at the nation’s ports, the MD said the Customs and Ports Efficiency Committee established by the NPA is recording huge successes through the joint inspection and boarding by relevant agencies operating in the area.

    He identified adoption of technology, improvement in infrastructure, human capacity building and equipment and tools, as areas that can be improved to enhance port efficiency and ensure that Nigeria remains competitive and relevant in the sub-region, continent and beyond.

    ​  

    * As Shettima demands roadmap for weight and measures framework * Tasks NPA, Customs, SON, NIS, others on inter-agency synergy Deji Elumoye in Abuja  Nigeria has intensified efforts to actualize

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