Email: info@steel.gov.ng
Call: 234-(0)- 703 592 2055
MINISTRY OF
STEEL DEVELOPMENT (MSD)
Federal Republic of Nigeria
Welcome To Ministry Steel Development.
Minister Of Steel Development, Prince Shaibu Abubakar Audu.
Permanent Secretary, Dr. Chris O. Isokpunwu.
On The Line Of Duty.
Steel Production.
Steel Production.

LATEST PRESS


Mar
04
2026

Steel Development Minister Audu Delivers Keynote Address at the German–Nigeria Economic Forum

…Pushes for Strategic EU Economic Partnerships with Nigeria

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, on Tuesday, March 3, 2026, delivered a keynote address at the ongoing Nigeria–German Economic Forum in Dortmund, Germany, where he outlined Nigeria’s strategic vision for advancing its steel and minerals sector value chain and attracting long-term foreign direct investment in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu GCFR.

Prince Audu stated that Nigeria is transitioning from a raw materials exporter to a value-adding industrial economy and is therefore seeking credible, long-term partners to support this transformation. He further highlighted that Nigeria’s strategic positioning, combined with a population of nearly 250 million people—characterised by a large and youthful workforce—positions the country as a regional hub for African trade. He noted that Nigeria possesses abundant reserves of steel inputs and energy-transition minerals.

He emphasised that Nigeria has strong domestic demand for steel, with approximately $10 billion in annual utilisation, underscoring the scale of market opportunity, noting that Nigeria is seeking credible partners in steel and aluminium production and mineral beneficiation and processing, as well as industrial infrastructure development including power, rail, gas and ports. He also stressed the importance of technical skills development and technology transfer to strengthen the nation’s workforce capacity.

The Honourable Minister noted that Nigeria possesses significant deposits of iron ore—estimated at over 3 billion tonnes—as well as substantial reserves of limestone, manganese, copper, lead-zinc, lithium and rare-earth minerals. He informed the gathering that these resources support both domestic industrialisation and export opportunities to Europe.

Minister Audu was received by the Minister for Federal, International and European Affairs, Mr Nathanael Liminski; the Lord Mayor of Dortmund, Mr Alexander Kalouti; the President of the Dortmund Chamber of Commerce and Industry, Mr Heinz-Herbert Dustmann; and the Consul General to Slovakia, Mr Klaus Wagener.

Oct
04
2023

FG COMMITTED TO REVITALISE AJAOKUTA FOR INDUSTRIAL REVOLUTION- PRINCE AUDU The Minister of Steel Development, Prince Shuaibu Abubakar Audu has reiterated Federal Government’s commitment to ensure that Ajaokuta Steel Plant begin production for the industrialization of the country, create jobs and wealth as well as attract foreign direct investment. The Hon. Minister who was accompanied by the Permanent Secretary of the Ministry, Dr. Mary A Ogbe, on a 3-day working visit, made this known during his maiden tour of the Ajaokuta Steel Plant on Wednesday 4th of October, 2023 in Kogi State. Prince Audu revealed that the Ministry of Steel Development is working on a Road Map that will contain a 3-Year Revival Plan for the Revitalisation of Ajaokuta Steel Plant as well as contain recommendation to designate the Plant Area as an Industrial Park that would be a Free Trade Zone to attract local and international investors. He noted that in line with the President Bola Ahmed Tinubu’s Renewed Hope Agenda, the administration is committed to ensure that the Steel Plant which has been moribund for about 45 years is resuscitated and begin production before the end of it’s tenure, noting that the Plant when revived, would be beneficial to all as it will create about 500 thousand jobs for the teeming Nigeria youths. Speaking further, Prince Audu stated that the purpose of the facility visit was to ascertain the operational and none operational level of the Plant and make recommendations on how to turn the Plant around to begin to production, noting that production of steel sheets from the Ajaokuta Steel Plant would be a significant achievement for the administration, a feat that has not been achieved in over 45 years. The Hon. Minister disclosed that though the task to get the Plant running is an arduous one, he solicited the support of all stakeholders, stating that with the support and sincerity of purpose of all stakeholders, success would be achieved. In his welcome address, the Sole Administrator, Ajaokuta Steel Company Limited, Engr. Sumaila Abdul-Akab, said the working visit would afford the Minister and Permanent Secretary first- hand information and investment opportunities that abound in the Plant. Engr. Sumaila noted that the benefits that would accrue from the completed and operationalised Plant cannot be overemphasized, stating that the nation’s revenue generation from the project, when completed, commissioned and operational will have a huge impact on the accruals to the Federation Account as well as help galvanize development in Kogi as the host State and Nigeria in general.

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PRINCE SHAIBU A. AUDU
Honorable Minister
Federal Ministry of Steel Development
AMBASSADOR NURA ABBA RIMI
Permanent Secretary
Federal Ministry of Steel Development

Vision

“To have a virile sustainable and inclusive steel industry that can compete globally and be driving for industrial and economic growth of our country while maintaining internationally acceptable standard”

Mission

“To ensure industry and Government strengthen the capability and competitiveness of Nigeria steel industry to achieve self sufficiency in steel production by providing policy support and guardian and to help mitigate potential challenges and barriers that are preventing the growth of Nigeria steel industry”

PUBLIC ANNOUNCEMENT


The attention of the Federal Ministry of Steel Development has been drawn to recent media reports regarding the future of the Ajaokuta Steel Company Limited (ASCL).
While we note the concerns expressed, it is important to state that the Federal Government remains firmly committed to the development of Nigeria’s steel sector, including the resuscitation of ASCL.

A comprehensive technical and financial audit of the plant is presently underway to ensure that any decision taken is transparent, data-driven and in the best interest of Nigeria. The overall assessment of the previous technical audit report dated 2018 maintained that the general status of the Steel Plant is in robust condition except for normal deterioration of replaceable parts and recommended automation of manual control systems for improved efficiency.  The Ministry remains confident that the updated audit will provide a sound basis for decisive action that advances Nigeria’s industrial aspirations.

The Federal Government is determined to build a competitive and modern steel industry that supports national industrialization and infrastructure growth.

Salamatu Jibaniya
Head, Press and Public Relations Department
for:  Ministry of Steel Development

 


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PHOTO NEWS


Apr
05
2026

FORMAL HANDOVER CEREMONY BETWEEN OUTGOING AND INCOMING PERMANENT SECRETARIES AT THE MINISTRY OF STEEL DEVELOPMENT

The Newly deployed Permanent Secretary, Ministry of Steel Development, Ambassador Nura Abba Rimi (L) with the former Permanent Secretary, Dr. Chris Osa Isokpunwu (R) during the Handover Ceremony held on Friday, March 13th 2026 at the Ministry's Headquarters in Abuja.

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PHOTO NEWS


Mar
04
2026

AUDU HIGHLIGHTS NIGERIA’S STEEL SECTOR OPPORTUNITIES AT GERMAN–NIGERIA ECONOMIC FORUM

Prince Shuaibu Abubakar Audu, Honourable Minister of Steel Development

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