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.

May
25
2025

FG TRAIN NIGERIAN YOUTHS ON WELDING AND FABRICATION FOR INDUSTRIAL REVOLUTION ....As the Minister commend the resilience of Nigerian Youths  The Federal Government through the Ministry of Steel Development has concluded the training of  535 Nigerian Youths in its First Edition of Bootcamp Training on Welding and Fabrication; Industrial Foundry and Metallurgy as well as Instrumentation, Control and Mechanical Maintenance to equip them with practical skills and knowledge that will enable them become productive contributors to the steel and metal sector, and by extension, to the national economy.  The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu who presided over the official Closing Ceremony of the Boot-Camp Training Programme organized by the Ministry on Friday, 23rd of May, 2025, at the Metallurgical Training Institute (MTI), Onitsha, Anambra State, disclosed that the  initiative represents a significant stride in the nation's collective effort to rejuvenate Nigeria's steel industry and empower the youths with the skills necessary for national development.  Speaking during the ceremony, Prince Audu commended the dedication, resilience, and discipline shown by the trainees over the course of the intensive program. He emphasized the Federal Government's commitment to youth empowerment through technical and vocational education, stating: "this boot-camp was not just about skills acquisition and equipment empowerment; it was about character development, discipline, and the cultivation of a mindset geared towards innovation, entrepreneurship, and national service. Our strategic aim is to build a pool of competent, patriotic young people who can drive Nigeria’s metallurgical and steel sector forward.  He stated that for the country to realize its vision for the steel sector, it must invest in human capital, adding that the Bootcamp Training and Empowerment Programme is a testament to the Federal Government commitment to developing a skilled workforce. According to him, by equipping the youths with practical skills in welding and metallurgy, the nation is laying the foundation for a self-reliant and industrialized Nigeria. The Honourable Minister while reeling out some  achievements of the Ministry under his watch revealed that the strategic aim is to evolve over time, a pool of competent, patriotic young Nigerians with passion to drive forward the emerging Nigerian Metallurgical and Steel sector towards a $1trillion USD economy as envisioned by President Ahmed Bola Tinubu, GCFR, by 2030.  Prince Audu commended the facilitators of the training programme from the Ministry and the Management/Staff and instructors from the Metallurgical Training Institute (MTI), Onitsha, for providing the enabling environment and technical expertise for the smooth execution of the maiden programme and tasked the graduands to be good  ambassadors of the programme and pioneers of a new wave of industrial revitalization. He said "let your actions reflect the values of diligence, excellence, and patriotism you have imbibed here.  As you receive your starter packs today, let them symbolize not an end, but a new beginning — the beginning of your journey into productivity, creativity, and national impact". Speaking at the event, the Executive Governor of Anambra State, Prof Charles Soludo, CFR, who was represented by the Commissioner for Industry, Christine Udechukwu commended the Ministry for the laudable initiative of equipping young Nigerians with skills to solve problems and create wealth.  Also, the Chairman, Senate Committee on Steel, Distinguished Senator Patrick Ndubueze, represented by Chief Etiebat Nwachukwu, said the Bootcamp Training should be an Annual Intervention Programme, stating that the Ministry will get legislative backing for it's sustainability. He added that the programme represent Federal Government efforts to ensure continuous youth development to drive the progressive agenda. Earlier in his remarks, the Permanent Secretary, Dr. Chris Osa Isokpunwu stated that the programme was not just conceived as a training exercise, but as a platform to ignite dreams, shape ideas, and build a new generation of entrepreneurs in Nigeria’s metal and steel value chain. Dr. Chris sharing an inspiring story of a young man in a small town in Northern Nigeria who started a modest metal fabrication business with just one welding machine and a rented shed, going from door to door repairing gates, metal doors, and window protectors, and who with time, learned how to design security systems, began fabricating agricultural tools, and later diversified into building lightweight steel structures. Today, that young man owns a company that employs over 150 people, supplies steel products across three West African countries, and recently signed a contract with a local government to produce solar-powered kiosks for rural markets, he told the graduands, "the journey does not end here — in fact, this is where it truly begins". The Director Metallurgical Inspectorate Department, Engr. Frederick Ewa, giving the overview of the bootcamp, disclosed that the initiative was not just a training programme but a movement, a clarion call to action, designed to catalyze the rebirth of Nigeria’s metals and steel sector by investing in its most invaluable resource: the youths.  Engr. Ewa revealed that a staggering 258,833 applications were received across every state and region of the country, from which 700 youths were selected through a rigorous but transparent, merit-driven process. These young men and women were trained in four strenuous batches here at the Metallurgical Training Institute (MTI), Onitsha, a citadel of excellence in metallurgical education and practice. He enjoined the graduates to go out and ignite industries, illuminate communities, and forge the future Nigeria deserves. Also speaking, the General Course Rep. of the programme, Esemuede Omoruyi, appreciated the Federal Government for it's resolute focus on human capital development and affirmed the graduates commitment to translate the investment  into tangible progress, pledging that they will be dynamic contributors to a skilled, innovative and industrious country. 

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May
24
2025

STEEL DEVELOPMENT: MINISTER VISITS PREMIUM STEEL & MINES LTD TO ASSESS PROGRESS AND STRENGTHEN INDUSTRY COLLABORATION The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, conducted a significant visit to the Delta Steel Company, now  Premium Steel and Mines Ltd located in Ovwian-Aladja, Delta State, on Thursday, 22nd May 2025 to assess the facility and meet with top Management of the Company on their schedule for commencement of full commercial operation of the Plant as well as explore avenues for further development within Nigeria's steel sector. Prince Audu accompanied by the Permanent Secretary, Dr. Chris Isokpunwu and other Directors in the Ministry, disclosed that the revitalization of the Premium Steel and Mines Ltd (PSML), one of Nigeria's most iconic industrial assets, stands as a national imperative in the pursuit of economic diversification, job creation, and industrial self-reliance. He noted that PSML was once the cornerstone of Nigeria's steel industry and a critical engine for regional development. The Honourable Minister revealed that the inspection tour is in furtherance of President Bola Ahmed Tinubu’s resolve to ensure that all legacy Steel assets are resuscitated for optimum contribution to the national economy, irrespective of the ownership structure. He said "I have the mandate of Mr. President to intervene and resolve all issues holding these assets down and ensure that the noble vision of our founding fathers is realized in these projects". Prince Audu emphasized that the revitalization of Premium Steel and Mines Ltd is expected to create over 5,000 direct and 10,000 indirect jobs, catalyzing growth in allied industries and significantly reduce unemployment and improve livelihoods. He stated that he is optimistic that Premium Steel & Mines Ltd whose promoters have experience in the Nigerian economy will contribute immensely to the vision of the present administration to grow the national Gross Domestic Product to $1Trillion USD.  The Minister stated that for Nigeria to take its right place in the global steel order, the Ministry is ready to midwife the process of rejuvenating Premium Steel & Mines Ltd to actualize full commercial operation in order for it to contribute immensely to Industrial Revolution. He reassured of Federal Government’s commitment to facilitate and support the efforts of the Management of Premium Steel in resuscitating the national legacy asset and do all in its power to ensure an enabling environment, adding that as the Ministry champion the emergence of a virile Steel Industry in Nigeria, it will not neglect its role in ensuring production of quality products while promoting and protecting the local operators in Nigeria.  The Honourable Minister's visit to Premium Steel & Mines Ltd underscores the Federal Government's commitment to revitalizing Nigeria's steel industry and positioning it as a key driver of economic development. Through continued collaboration, strategic investments, and policy support, the steel sector is poised to contribute significantly to the nation's industrialization and economic diversification goals. Speaking also, the Permanent Secretary, Dr. Chris Osa Isokpunwu reiterated the Ministry's commitment to ensure continuous engagement until a vibrant steel sector is achieved in the country.  Earlier, the Managing Director CEO of Premium Steel Mines Ltd, Sahil Vaswani stated that the Company introduced cutting-edge technology to rehabilitate the Rolling Mill in 2018 in its strong commitment to see that the Plant is revived. However, according to him, the shut down of the Rolling Mill in 2021 as a result of multiple challenges, beginning with COVID-19 and other factors, has severely disrupted access to essential raw materials.  Vaswani disclosed that as a committed investor, Premium Steel & Mines Ltd (PSML), has the potential to revive the dormant Steel Plant and position it as a catalyst for igniting Nigeria's industrial revolution. He noted that if fully operational, PSML would contribute significantly to the Gross Domestic Product (GDP) of the country. He appealed to the Federal Government to make available the supply of iron ore sourced locally in order to reduce high working capital cycle.

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May
21
2025

Ministry of Steel Development Partners with Ministry of Communications, Innovation and Digital Economy on Utilising Locally Manufactured Steel Products in Telecom Infrastructure Development ….Mulls Establishment of Tech Hub in Ajaokuta Industrial Park The Ministry of Steel Development and the Ministry of Communications, Innovation and Digital Economy engaged in strategic discussions to promote the use of locally manufactured steel products in the construction of telecommunications towers across the country and other areas of mutual benefits.  This was a central point of the discussion during a courtesy visit by the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, to his counterpart, the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, on Tuesday, May 20, 2025, in Abuja. The discussions also explored the establishment of a Technology Hub within the Ajaokuta Industrial Park and Free Trade Zone, currently awaiting approval of President Bola Ahmed Tinubu GCFR, and the implementation of tailored capacity-building initiatives for artisans in the steel sector, aimed at fostering innovation, productivity, and job creation. Prince Audu said that the collaboration aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration, particularly the drive to promote local content, strengthen the steel industry, and reduce reliance on imported materials, emphasising the capacity of local steel players in the country to provide effective services to the telecommunications sector. “In terms of where we see areas of collaboration, I have seen your initiative and plans to build 90,000 kilometres of fibre optic cables across the country at a total cost of 3.3 trillion naira and 7,000 telecom towers to be installed nationwide by end-2025. We know that there will be a lot of value addition to Nigerians. “During my official visit to Ogun State recently, I commissioned a Galvanized Steel Plant. These Galvanised Steel Plants are anti-rust, and they have capacity to be used for Telecom towers. We want these local players to be patronised, so we will appreciate if they are incorporated into this very important project. “On technical skills development, we had training for welders and artisans. We are hoping that you can expand your innovation and digital training skills programme to be able to include some of these specialised skills that we have in the steel industry because some of our guys have the skills to erect telecoms towers,” Prince Audu stated. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, welcomed the collaboration between both ministries, describing it as long overdue and an enabler of President Tinubu’s vision for economic growth and job creation. Dr Tijani said that beyond incorporating locally produced steel in the construction of the 7,000 telecom towers, the ministry is focused on ensuring long-term sustainability of the projects by involving local players for maintenance of the infrastructure. “We will leverage this project to support the work you do. My goal is that for everything steel in this project, it should be 100 per cent locally sourced. What we need to do is to have a strong alignment, not just to the private sector but how we can develop critical sectors of the economy” Tijani said. Both ministers agreed on the formation of a joint technical committee to ensure seamless implementation of the strategies and ensure synergy between both sectors.

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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”

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


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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