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Owonrin Otura- The Steel Industry In Nigeria - Investment - Nairaland

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Owonrin Otura- The Steel Industry In Nigeria by lawani: 6:33am On Mar 03
Owonrin Otura

Nigerian steel mills are buying up all scrap metal in Nigeria after which they use at least 3 billion dollars per annum as at 2017 to import scrap and billets from China to bridge the gap in the feed required for the steel mills and there are many of them now. They produced over two million tonnes per annum of steel as at 2017 but are hampered by having to import scrap and billets from China.
The idea is the local blacksmith industry can feed the industry. A blacksmith surely can make scraps and even billets worth over twenty thousand naira a day but there will need to be a structure similar to the West African produce board of the Action Group or any other produce buying structure buying from farmers to supply any kind of production plant from brewery to chocolate and etc anywhere in the world but it will be craft buying and not farm produce buying.
The industry that will feed the steel mills is definitely larger than the communications industry potentially even as at 2017 not to talk of now. However the idea is not free and it can not be used without my go ahead.

The inspiration for the idea is the siting of a Russian steel mill in Ipetu Ijesa through the influence of Elaine Putin. I researched the industry because of that

The reason the steel mill industry can not feed the automobile industry in Nigeria is simply because they are overwhelmed by the demand from the real estate industry and they can not produce more than the scrap and billets available in Nigeria added to what is imported from China

Owonrin Otura
Owonrin betula
A difa fun Atamajabara aya Agbede
Ti ngbe oko lo ree ta loja Ejigbomekun
Nibi ti a nna ti a kii bo fere
Ebo ni won ni ko wa se
O gbebo O rubo
Ko PE ko jina
E WA ba ni ni wowo aje

Owonrin Otura
Owonrin betula
This was the Ifa cast for Atamajabara the wife of Agbede the blacksmith
Who took hoes to the Ejigbomekun market to sell
A market that one goes to without being able to return on time
She was advised to sacrifice
She listened to the ritual items and complied
It was not very long after that
Come and meet us in the midst of a lot of money.

This story is talking about the era when iron workers were Kings. If people stayed in the market a long time before they are able to get customers. The exceptionality of the goods on display by the seller of iron tools will mean the person will not be among them. They will make more money than they bargained for and also leave the market before others to boot. Exceptionality because of expertise.

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