Nigeria–India $1bn Steel Deal at Risk as Power, Logistics Gaps Threaten Execution — Economist Warns - Analysis, Oil & Gas
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Nigeria–India $1bn Steel Deal at Risk as Power, Logistics Gaps Threaten Execution — Economist Warns - Analysis, Oil & Gas
https://naija247news.com/feed/ Abuja, May 3, 2026 (Naija247news) — Nigeria’s $1 billion steel investment agreement with India’s Rashmi Metaliks Group is facing early scrutiny over execution risk, with analysts warning that persistent infrastructure constraints could erode the project’s commercial viability despite its strategic industrial ambitions. The deal, signed under a Memorandum of Understanding between Nigeria’s Ministry of Steel Developm…
Economist says reliable power supply key to Nigeria, India $1bn steel deal - EnviroNews - latest environment news, climate change, renewable energy
An economic expert, Dr Emmanuel Eche, says implementing Nigeria’s deal with Indian company, Rashmi Metaliks Group, to develop its steel sector might face infrastructural bottlenecks including epileptic power supply. Eche, a Senior Lecturer at the Department of Economics, Federal University, Wukari, Taraba State, expressed the concern in an interview on Sunday, May 3, 2026, in Abuja. The Minister of Steel Development, Prince Shuaibu Audu, signed …
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