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


Feb
13
2026

AJAOKUTA, ACCOUNTABILITY AND THE LIMITS OF CONFRONTATION: WHY SENATOR NATASHA AKPOTI-UDUAGHAN GOT IT WRONG

The recent heated exchange between Senator Natasha Akpoti-Uduaghan and the Minister of Steel Development, Prince Shuaibu Audu, during the joint budget defence session of the National Assembly has once again drawn national attention to the long-suffering Ajaokuta Steel Company. While robust oversight is a constitutional duty of lawmakers, the tone, framing, and substance of the senator’s intervention raise important questions about method, motive, and maturity in public discourse.
No one disputes that Ajaokuta Steel Plant is a national tragedy of stalled ambition. For over four decades, successive governments have pledged to revive it. Billions of dollars have been expended with little to show. It is therefore understandable that emotions run high whenever the plant is discussed. However, passion must not eclipse prudence, especially in a forum as consequential as a joint budget defence session.

Senator Akpoti-Uduaghan’s comparison of Ajaokuta’s funding needs with the proposed 750-kilometre coastal road project—reportedly costing ₦15 trillion—was rhetorically striking but fundamentally flawed. National budgeting is not a zero-sum emotional contest between projects. Infrastructure priorities are determined by strategic economic frameworks, sectoral projections, financing structures, and long-term development plans. The coastal road, whether one agrees with it or not, is a transportation and logistics infrastructure project expected to unlock coastal economies and attract private capital. Ajaokuta, on the other hand, is a heavy industrial project with complex technical, legal, and financial entanglements spanning decades.

To juxtapose both projects as though one automatically undermines the other oversimplifies Nigeria’s economic planning process. It creates a false dichotomy and fuels public resentment rather than constructive debate. Ajaokuta’s revival requires clarity of ownership, technology partnerships, commercial viability studies, and credible financing models—not rhetorical comparisons designed to inflame.

Furthermore, questioning “the government’s real intention” in reviving the plant suggests bad faith without presenting concrete evidence of sabotage or insincerity. Oversight should interrogate timelines, procurement processes, and measurable deliverables. It should not descend into insinuations. When lawmakers imply hidden motives without substantiation, they risk eroding public trust in institutions rather than strengthening them.

The senator also criticized the committee for holding meetings and engaging with the media, suggesting that these efforts have yielded minimal impact. Yet legislative oversight often begins with consultations, stakeholder engagements, and policy reviews. A project as legally entangled as Ajaokuta—especially after arbitration disputes and international contractual complications—cannot be revived by fiat. It requires deliberate restructuring. Public hearings and media engagements are part of democratic accountability, not evidence of inaction.
Perhaps most contentious was her reference to the 2019 Nigeria–Russia bilateral agreement, under which $1.45 billion was reportedly pledged for Ajaokuta. Her caution that the minister should not “mislead Nigerians” implies that he may have misrepresented the status of that agreement. While transparency is essential, such accusations should be supported by documentary clarity rather than delivered in confrontational soundbites.

International agreements are often subject to renegotiation, feasibility assessments, and sovereign guarantees. A pledge is not the same as disbursed capital. Many bilateral memoranda of understanding never translate into cash-backed commitments. If the Russian facility remains contingent or conditional, it is legitimate for the minister to explain its current status without being accused of dishonesty. To frame policy complexities as deception risks politicizing what should be a technical discussion.
There is also the matter of decorum. Budget defence sessions are not campaign rallies. They are structured engagements where ministers present fiscal plans and legislators scrutinize them. Heated exchanges may generate headlines, but they do little to foster collaborative solutions. Nigeria’s steel sector has suffered not just from funding deficits but from policy inconsistency and political theatrics. What it needs now is stability.

It is worth noting that Minister Shuaibu Audu assumed office within a broader reform agenda aimed at repositioning the mining and steel sectors as pillars of economic diversification. His tenure, still relatively recent in the lifespan of Ajaokuta’s decades-long stagnation, cannot be solely blamed for historical inertia. Demanding immediate transformation of a project that has been dormant for over 40 years ignores the structural realities involved.

Constructive oversight would involve requesting detailed implementation timelines, insisting on performance benchmarks, and proposing legislative support mechanisms such as special purpose vehicles, concession frameworks, or public-private partnerships. It would not rely primarily on dramatic comparisons or adversarial posturing.

Moreover, public confidence in Ajaokuta’s revival depends on unified messaging from political leaders. Investors—local and international—observe these proceedings. When they see discord framed as distrust between legislative and executive arms, it reinforces perceptions of instability. Industrial megaprojects require investor confidence anchored in predictable governance.

This is not to suggest that Senator Akpoti-Uduaghan should remain silent. On the contrary, her constituency in Kogi Central has a legitimate interest in Ajaokuta’s success. Her advocacy for the plant is understandable and commendable in principle. However, advocacy must be strategic. Effective lawmakers build coalitions, engage quietly where necessary, and apply pressure through structured channels. Confrontation for its own sake may win applause in partisan circles but rarely accelerates complex industrial reforms.
The revival of Ajaokuta demands less grandstanding and more governance. It requires technical audits, credible investors, dispute resolution mechanisms, and political alignment. It also requires acknowledging that no single minister or senator can single-handedly fix what decades of mismanagement created.

In the end, Nigerians deserve transparency, realism, and responsibility. They deserve leaders who debate vigorously yet respectfully, who challenge figures with facts rather than insinuations, and who recognize that economic transformation is a marathon, not a media moment.
Senator Akpoti-Uduaghan’s passion for Ajaokuta is not in question. What is in question is whether her approach during the budget defence advanced the cause of steel revival or merely amplified political friction. At a time when Nigeria seeks industrial rebirth, the country needs statesmanship more than spectacle.

Ajaokuta is too important to become a stage for antagonism. It must instead be the arena for collaboration, clarity, and credible commitment. Only then can the promise of Nigeria’s steel dream move from perpetual debate to practical delivery.

Nov
06
2025

MD/CEO North Central Development Commission and Management Team Pays Courtesy Visit to Minister of Steel Development, Prince Shuaibu Abubakar Audu …Seeks Collaboration with Ministry to Drive Regional Growth The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, on Tuesday, November 5, 2025, received in audience the Managing Director/CEO of the North Central Development Commission (NCDC), Dr. Cyril Yiltsen Tsenyil, and the Executive Management team of the Commission, who paid him a courtesy in Abuja to discuss areas of collaboration aimed at accelerating the development of the North Central region. Speaking during the visit, the MD/CEO of the Commission, Dr. Cyril Tsenyil, said that the steel sector remains a critical pillar for the sustainable development of the North Central region. He noted that under the Act establishing the Commission, one of its core mandates is to harness the vast natural and mineral resources within the zone to drive inclusive growth and regional prosperity. Dr. Tsenyil stated that “We believe that we cannot drive meaningful development in the region without paying attention to the steel sector. There are many steel facilities that were started but are still lying fallow across the zone, particularly the Ajaokuta Steel Company and the Jos Steel Rolling Mill, which are under the purview of your Ministry.  “As a development commission, we would like to collaborate with your ministry to rehabilitate these moribund facilities and harness the rich mineral resources, including rare earth minerals that can catalyse industrial growth in the region.” Dr. Tsenyil further highlighted that part of the Commission’s mandate includes improving railway connectivity across the zone, noting that steel and related raw materials are vital to achieving this objective.  He expressed optimism that technical collaboration with the Ministry would help unlock the region’s full economic potential. In his response, the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, commended the NCDC for its proactive initiative and described the Commission as a critical institution for the transformation of the North Central geopolitical zone. He said the engagement was very important, especially as a Minister from the North Central region, adding that there are several areas where both institutions can collaborate and upscale synergy for the benefit of the people and the nation at large. Prince Audu reaffirmed the Ministry’s readiness to partner with the NCDC to implement joint initiatives that will accelerate industrialisation, create employment opportunities, and ensure sustainable utilisation of mineral resources for the benefit of Nigerians, especially those from the North Central geopolitical zone. Also in attendance at the meeting were other Executive Directors of the Commission, including Princess Atika Ajanah, Executive Director, Projects; Hajia Biliquis Jumoke Sanni, Executive Director, Administration and Human Resources; Aisha Rufai Ibrahim, Executive Director, Commercial and Industrial Development; Prof. Muhammad Bashar, Executive Director, Finance; and Mr. James Uloko, Executive Director, Corporate Services.  

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Oct
29
2025

FG, Stellar Steel Sign $400m Deal to Boost Local Steel Production The Federal Ministry of Steel Development has signed a Joint Strategic Cooperation Declaration with Stellar Steel Company Limited. Stellar Steel Company Limited is a steel-manufacturing enterprise established to operate in Nigeria, with major investment backing from Chinese parent groups: Galaxy Group and RSIN Group based in Fuzhou, Fujian Province, China.  The company has committed approximately US$450 million for a steel plant project in Ogun State, Nigeria, scheduled to begin operations by mid-2026. This landmark partnership is aimed at revitalizing Nigeria’s steel industry and reducing the nation’s dependence on imported steel products. The agreement, signed in Abuja, on Tuesday 28th October, 2025 will see Stellar Steel 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 begin production by 2026. The Honorable Minister of Steel Development Prince Shuaibu Abubakar Audu signed the agreement when he hosted Mr. Li, President of Inner Galaxy Group and other members of the Stellar Steel Company Limited in the Ministry's Headquarters in Abuja.  According to Prince Audu, the collaboration aligns with the Federal Government’s goal of achieving 10 million tonnes of crude steel production per annum by 2030, a major step toward industrial self-reliance and economic diversification. The Honorable Minister further stated that the  Federal Ministry of Steel Development 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 includes; 1.Development of a localized iron ore supply chain to reduce import dependence and save over $1 billion in foreign exchange annually. 2. Creation of more than 2,000 direct and 20,000 indirect jobs across the steel value chain. 3. Promotion of green steel production using clean and energy-efficient technologies. 4. Strengthening of Nigeria’s position as a regional steel manufacturing hub in West Africa. He also stated that in return, Stellar Steel will prioritize local recruitment and training, partnering with Nigerian universities to build technical and managerial expertise in steel production. Prince Shuaibu emphasized 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 Honourable Minister that Stellar Steel Company Limited will respect all agreements reached and will ensure the completion of the project in record time and assured that all safety standards will be observed. Mr. 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. He recalled that the Honourable Minister of Steel Department, Prince Shuaibu Abubakar Audu, performed the groundbreaking ceremony of the Steel Plant in Ogun State sometime in April, 2025. Speaking at the signing, representatives of both parties emphasized that the partnership would strengthen Nigeria’s industrial base, create jobs, and foster technology transfer in the sector.

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Oct
15
2025

Nigeria Mining Week: Minister of Steel Development, Prince Shuaibu Abubakar Audu, Pledges Stronger Collaboration with Solid Minerals Ministry to Accelerate Nigeria’s Industrial Growth The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has pledged stronger collaboration between the Ministry of Steel Development and the Ministry of Solid Minerals Development to accelerate Nigeria’s industrial growth and unlock the full potential of the nation’s mining and steel sectors. Prince Audu made the pledge while delivering his Ministerial Address at the 10th Edition of the Nigeria Mining Week, held on Tuesday, October 14, 2025, in Abuja, with the theme “Nigeria Mining: From Progress to Global Relevance.” He commended the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, for the bold reforms undertaken in the sector, which have strengthened transparency, improved oversight, and contributed to the nation’s GDP growth. The Minister outlined the progress made by the Ministry of Steel Development over the past two years, noting that the Ministry is targeting the production of 10 million tonnes of liquid steel by 2030 and the creation of over 500,000 direct and indirect jobs to drive self-reliance and industrialisation. He explained that achieving this goal will require more than 40 million tonnes of locally sourced raw materials annually, including iron ore, limestone, dolomite, and coal, adding that “the time to act is now.” “The expected synergy among stakeholders is crucial if we must overcome the challenges facing the minerals industry and drive the realisation of President Bola Ahmed Tinubu’s target of growing Nigeria’s GDP to $1 trillion by 2030,” the Minister stated. “The potentials of this sector are vast — supported by our market size, abundant raw materials, infrastructure development, housing and energy demands, the African Continental Free Trade Agreement, and various Federal Government incentives,” he added. Declaring the event open, President Bola Ahmed Tinubu, represented by the Secretary to the Government of the Federation (SGF), Sen. George Akume, commended Dr. Dele Alake for his leadership and commitment to repositioning the solid minerals sector as a key pillar of Nigeria’s economic diversification agenda. President Tinubu said that the Federal Government has earmarked an additional ₦1 trillion for solid minerals development in the 2025 Budget, to support geo-scientific exploration, geological surveys, and the development of critical infrastructure needed to unlock opportunities within the sector. In his remarks, Dr. Dele Alake disclosed that the solid minerals sector has experienced significant growth under the present administration. He revealed that in 2024, the sector generated ₦38 billion in revenue, up from ₦6 billion in the previous year — a six-fold increase achieved through bold reforms, policy consistency, and improved institutional oversight. As part of the event, a Steel Forum, organised as part of the Nigeria Mining Week, is scheduled to hold on the sidelines on Wednesday, October 15, 2025, at the Abuja Continental Hotel, where key stakeholders will deliberate further on investment opportunities, policy alignment, and strategies to reposition Nigeria’s steel industry for sustainable growth.

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PRINCE SHAIBU A. AUDU
Honorable Minister
Federal Ministry of Steel Development
DR. CHRIS O. ISOKPUNWU
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”

OTHER NEWS


Oct
24
2024

UBA MAIGIARI EXIT MINISTRY OF STEEL

...amid glowing tributes.

His Excellency, Uba Maigari Ahmadu, former Minister of State, Ministry of Steel Development departs the Ministry amid glowing tributes from Management and Staff of the Ministry.

In a farewell ceremony organised by the Ministry of Steel Development, Maigari Ahmadu, who has been deployed as Minister of State, Ministry of Regional Development, disclosed that everything he was able to achieve as Minister of State, Ministry of Steel Development came through collective effort.

Speaking passionately about some of the programmes initiated by him, like the on-going Registration for the Bootcamp Training Programme for Nigerian Youths, he stated that the steel and metals sector, if properly harnessed has great potential for the economic growth of the country.

He appreciated Management and Staff for their unflinching support in the 14 Months he spent as Minister of State of the Ministry.

Prince Shuaibu Abubakar Audu, Honourable Minister, Ministry of Steel Development, in his remarks, said that he was thankful for the partner/ brother working relationship they had. He noted that the “big brother” relationship afforded him the opportunity to tap into his tremendous wealth of experience in Public Service.

Extolling the former Minister of State, Uba Maigari Ahmadu as calm, gentle and wise, the Permanent Secretary of the Ministry, Dr. Chris Osa Isokpunwu assured that the Ministry will ensure that the objective of the Boot-Camp initiated by him would be realized and wished him well in his new assignment.

 


Sep
23
2024

FG IN ITS EFFORTS TO ACTUALISE THE ADMINISTRATION’S 8-POINT AGENDA OF RENEWED HOPE, HAS PLEDGED ITS COMMITMENT TO STRENGTHEN BILATERAL RELATIONS WITH THE PEOPLE’S REPUBLIC OF CHINA FOR DEEPENED ECONOMIC COOPERATION THAT WILL BE MUTUALLY BENEFICIAL TO BOTH COUNTRIES

The Vice President, Kashim Shettima, who was represented by the Minister of State, Ministry of Steel Development, His Excellency Uba Maigari Ahmadu, stated this at the Mid Autumn Festival and Chinese National Day Celebration held in Lagos between 22nd to 24th September 2023.

The Minister reiterated Federal Government’s dedication to further strengthening economic cooperation with China that will lead to expanding trade opportunities and exploring new avenues for investment and technological cooperation. Noting that the Chinese business relationship with Nigeria will bring greater socioeconomic benefits to both nations.

Speaking further, he stressed the need for better investment climate, improved infrastructure development, eased business conditions that will open more opportunities in Steel Development, Agriculture, Renewable Energy, Technology as well as Communication. He emphasized Federal Government’s readiness to ensure responsible business practices that will further deepen the collaboration, as according to him, engaging in responsible business practices is crucial for long-term success.

Earlier, Mr. Guo Pengwen, the Commercial Consul at the Chinese Consulate, disclosed that both countries has a high volume of bilateral trade between them. According to him, Nigeria ranks third in bilateral trade and second in trade and importation. He noted that the exchange of goods and services has diversified Nigeria’s export base and strengthened overall economic stability in sectors such as infrastructure development, telecommunications, agriculture, energy, manufacturing, and transportation. Stating that these projects have not only improved Nigeria’s transport networks but also created employment opportunities and enhanced connectivity within the country.

Also speaking at the event, Dr. Eric Ni, Chairman of the China Industrial and Commercial Enterprises Association, highlighted the flourishing economic cooperation between China and Nigeria. He said both countries have recognized the immense potential for mutual beneficial partnerships, leading to significant Chinese investments in various sectors of the Nigerian economy. Noting that these investments have contributed to economic growth, job creation, and technological advancement.

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

 


Steel Price

PHOTO NEWS


Feb
13
2026

2024/2025 BUDGET APPRAISAL AND 2026 BUDGET DEFENCE DRIVE STEEL SECTOR OVERSIGHT

Prince Shuaibu Abubakar Audu, Honourable of Steel Development (L) with Honorable Dr. Zainab Gimba (R), Chairman, House of Representatives Committee on Steel Development during the Ministry's appearance before the House of Representatives Committee on Steel for the Appraisal of the 2024/2025 Budget Performance and the Defence of the 2026 Budget Proposal of the Ministry, held on Thursday 12th February 2026 in Abuja.

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PHOTO NEWS


Feb
11
2026

STEEL MINISTER AND SENATE COMMITTEE LEADERS MEET FOR 2024/2025 BUDGET APPRAISAL AND 2026 BUDGET DEFENCE AT NATIONAL ASSEMBLY

Senator Natasha Akpoti-Uduaghan, Vice-Chairman, Senate Committee on Steel;  Senator Patrick Ndubueze, Chairman Senate Committee on Steel and the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu during the Ministry's appearance before the Senate Committee on Steel Development for the Appraisal of the 2024/2025 Budget Performance and the Defence of the 2026 Budget Proposal of the Ministry

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