An indigenous steel manufacturing company, KAM Steel, has just acquired a steel plant at Igbafa Village in Shagamu, Ogun State.
That is a plus for Nigeria. Having a fully functional steel plamt cam increase local content while reducing the need for car manufacturing companies to spend scarce foreign exchange.
So, we call on KAM Steel and Innoson Vehicle Manufacturing company to look at ways to have a mutually beneficial business relationship.
We think this would do both companies good while promoting Nigeria’s industrialization and reducing its reliance on crude oil.