Apr

08

2025

MINISTER OF STEEL DEVELOPMENT, PRINCE SHUAIBU ABUBAKAR AUDU, PRESENTS LETTER OF APPOINTMENT TO THE NEW MD OF AJAOKUTA STEEL COMPANY

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, on Monday, April 7, 2025, officially received the newly appointed Managing Director of the  Ajaokuta Steel Company Limited (ASCL), Prof. Nasir Naeem Abdulsalam and presented him with his appointment letter following the handover by the former Acting Sole Administrator, Engr. Kanwai Joseph, to the new leadership.

Speaking at the handover ceremony held at the Minister’s office in Abuja, Prince Audu expressed confidence in Prof. Abdulsalam’s ability to lead Ajaokuta Steel Company in alignment with the “Renewed Hope Agenda” of President Bola Ahmed Tinubu, GCFR, for the revival of the moribund steel plant.

The Minister also extended his appreciation to the outgoing Acting Sole Administrator, Engr. Kanwai Joseph, commending his dedication to duty all through his almost 35 years of service at the Steel Plant where he rose from an entry level engineer to the healm of affairs at the Steel Plant as acting Sole Administrator in the last six months.

“I congratulate the newly appointed Managing Director of Ajaokuta Steel Company Limited, Prof. Nasir Naeem Abdulsalam, a seasoned academician and Professor of Geophysics and someone well-acquainted with the steel sector, having served as my Technical Adviser prior to this appointment.

“Reviving Ajaokuta Steel Plant is a collective project. It is not something the Minister, Permanent Secretary, or Managing Director can achieve alone. All hands must be on deck as it requires the concerted efforts of all stakeholders to realise Mr. President’s vision for the revival of Ajaokuta Steel Plant and the broader steel sector.

“I assure you that the revival of Ajaokuta Steel and the entire Steel Sector is well underway. Following the signing of the Memorandum of Understanding (MOU) with the original Equipment Manufacturers (OEM) in Moscow, Russia in September last year, we are on the verge of carrying out the technical and financial audit of the Complex and other critical processes so as to bring in investors and suitors from the various options available through a privatization process as directed by Mr. President. Our role is to consolidate these gains and present viable options for Mr. President’s approval.

“I wish you Godspeed as we work together towards the successful revival of Ajaokuta Steel Plant,” Prince Audu stated.

Permanent Secretary, of the Ministry, Dr. Chris Osa Isokponwu, also congratulated Prof. Abdulsalam on his appointment, urging him to prepare for the enormous task ahead while assuring him of the Ministry’s full support.

“It will not be an easy task; you are facing a challenge of over 45 years. The good news is that you have a Minister who is fully committed to the success of Ajaokuta’s revival,” Dr. Isokponwu stated.

In his response, Prof. Abdulsalam expressed gratitude to President Bola Ahmed Tinubu for entrusting him with this significant responsibility and thanked the Honourable Minister for his support and collaborative spirit.

He also commended the Minister for the remarkable strides taken in less than two years in office and also giving him the opportunity to serve as his Technical Adviser prior to his appointment, stating that the groundwork laid by the Minister has positioned him for success.

“Our fundamental goal is to work together to realise Mr. President’s vision for the revival of Ajaokuta Steel Plant. I am fully prepared to deliver on this mandate with the support of the Honourable Minister, the Permanent Secretary, and the entire team at the Ministry of Steel Development. I pray and I am confident that Ajaokuta will come alive in our time,” Prof. Abdulsalam stated.

The outgoing Acting Sole Administrator, Engr. Kanwai Joseph, praised the Minister’s decision to engage the original builders of the steel plant, describing it as the most strategic move in his 35 years of service at Ajaokuta. He noted that if this step had been taken earlier, the steel plant would have been revived long ago.

Mar

06

2025

FG Begins 3-Batch Comprehensive Youths Welding Boot-Camp Training

In order to empower Nigerian Youths with essential skills for employment and entrepreneurship, the Federal Government through the Ministry of Steel Development, has commenced a 3-Batch comprehensive Boot-Camp Training Programme on welding. 

It is aimed at equipping young individuals with practical competencies in welding techniques and knowledge crucial for contributing to the nation’s industrial growth.

This was disclosed by the Permanent Secretary, Dr. Chris Osa Isokpunwu, during the flag-off of the First-Batch of the Ministry's Boot-Camp Training for Nigeria Youths in Onitsha, Anambra State, on Thursday, 6th March 2025. 

According to him, the initiative marks a significant step in the Ministry's commitment to develop a skilled workforce, fostering industrial growth, and promoting sustainable development within Nigeria’s metallurgical and steel sector. 

He said that the Ministry, under the leadership of the Honourable Minister, Prince Shaiubu Abubakar Audu, has taken deliberate steps to reposition the steel and metals industry as a cornerstone of the nation’s economic transformation. 

The Ministry, he said, recognized that achieving the goal requires not only infrastructural investments but also the empowerment of human capital—hence the need for the intensive bootcamp training.

Dr. Chris, in a statement by Tine-Iulun M A, Assistant Director (Information & Public Relations), on behalf of the Head, (Information & PR),  revealed that the programme is designed to equip selected participants with hands-on skills, technical knowledge, and industry insights crucial for advancing the Nigerian metallurgical landscape.

He said that in the next few weeks, the participants will undergo rigorous training in welding and fabrication, industrial foundry and metallurgy, and instrumentation, system control, and mechanical maintenance.

He noted that the objective is to bridge skill gaps, promote innovation, and enhance the employability of the nation's youths within the steel critical sector.

On the importance of the training, he said "this boot-camp is not just about learning; it is about discipline, resilience, and teamwork. I must emphasize that all participants are expected to adhere strictly to the laid-down rules and guidelines. 

"The Ministry has made provisions for accommodation, feeding, and starter packs for all trainees. However, any form of misconduct—including indiscipline, violation of safety regulations, or engagement in prohibited activities such as drug use or possession of weapons—will result in immediate disqualification and forfeiture of benefits.

The Permeant Secretary expressed pleasure that the participants arrived early for the camp, enabling them to settle in and prepare for the rigorous and impactful training ahead. 

He admonished them to use the opportunity to position themselves as future leaders in the steel and metallurgical sector. 

"I urge you to embrace this training with enthusiasm, remain focused, and take full advantage of the knowledge and experience that will be shared with you"

Speaking, Chairman, Senate Committee on Steel, Distinguished Sen. Patrick Ndubueze, stated he was pleased to be part of the epoch-making event which is geared towards empowering the nations teeming youths to be self-reliant by acquiring extensive skills training in Welding and Fabrication, Industrial Foundry/Metallurgy, Instrumentation/Control System and Mechanic Maintenance. 

Represented by Hon. Greg Owurmanam, Sen. Ndubueze commended the Ministry of Steel Development and all relevant Agencies who have contributed to the success of the Boot-Camp Training and enjoined the participants to give maximum attention and cooperate with the trainers to acquire the expected knowledge and skills designed for the programme.

Earlier, Director Metallurgical Inspectorate, Engr. Frederick E.Ewa, giving the Overview of the Metal Sector Boot-Camp Training Programme, stated that the initiative, championed by the Ministry of Steel Development, is a strategic effort to empower young Nigerians with hands-on technical skills, foster industrial growth, and bridge the manpower gap in the nation’s steel sector.

Engr. Ewa stated that the Bootcamp Training Programme is an intensive, hands-on technical training aimed at equipping participants with critical skills in three specialized areas:

Welding and Fabrication; Industrial Foundry and Metallurgy Instrumentation, System Control, and Mechanical Maintenance. He noted that over the course of training, participants will be exposed to real-world practical sessions, industry best practices, and safety protocols, all of which, according to him, are essential to ensuring high-quality output in the metallurgical sector. 

He encouraged trainees to be fully engaged in every session and abide by all rules and regulations, as misconduct of any kind will not be tolerated.

In his welcome address, the Director/Ag. Chief Executive, Metallurgical Training Institute (MTI), Onitsha, Engr. Dr. F.U. Obi, said the training represented a bold and strategic effort by the Ministry to equip young Nigerians with high demand technical skills that are essential for the nation's industrial growth, adding that the Boot-Camp is not just for training but intended to build the next generation of skilled professionals and entrepreneurs who will drive the nation's steel and manufacturing industries forward. 

According to Engr. Obi, the choice of Metallurgical Training Institute Onitsha, as venue for the Boot-Camp was deliberate. 

For decades, he noted, the MTI has been at the front of technical and vocational education in Nigeria, producing skilled professionals who have made remarkable contributions to the steel industry.

Dec

19

2024

STRENGTHENING TEAMWORK AND RESTORING GLORY: MSMD AND MSD HOLD END-OF-YEAR STAFF TOWN HALL MEETING

In a bid to strengthen team synergy, performance and address staff welfare, the Permanent Secretaries of the Ministry of Solid Minerals Development (MSMD), Dr Mary Ogbe, and the Ministry of Steel Development (MSD), Dr Chris Isokpunwu have convened a joint end-of-year Town Hall Staff Meeting on December 19, 2024, at the Ministries' Headquarters in Abuja.

The meeting sought to understand the specific concerns and priorities of the workforce, focusing on addressing issues that can be feasibly resolved within the Ministries' current financial limitations. This effort reflects the leaderships' dedication to supporting staff welfare and improving workplace conditions, even in the face of budgetary challenges.

Dr Ogbe acknowledged the remarkable achievements in the Ministries realized through staff dedication and urged them to continue striving for excellence, emphasizing that diligence attracts divine blessings. 

She urged the team to deeply reflect on the words of the Civil Service Anthem, emphasizing that its values—integrity, dedication, and patriotism—serve as a guiding light for excellence. By embodying these principles in their daily tasks, she inspired staff to contribute meaningfully toward restoring the dignity and glory of the civil service.

Dr Isokpunwu emphasized the importance of work-life balance, urging employees to prioritize tasks by distinguishing between urgent and important responsibilities. This approach helps reduce stress, improves focus, and enhances both personal well-being and professional efficiency.

The Permanent Secretary also reminded staff of the mandatory Thursday Performance Management System (PMS) assessment sessions, highlighting their importance in evaluating staff performance, identifying areas for improvement, and ensuring alignment with the Ministry's goals.

The event featured a talk on achieving work-life balance, emphasizing strategies to manage professional responsibilities without compromising personal well-being.

In his remarks, the Chairman, Joint Negotiation Council, Mr Peter Okafor, appealed for the reintegration of the annual celebration for outgoing staff into next year’s work plan to honor their contributions.

This Town Hall served as a reminder of the Ministries' commitment to nurturing a motivated workforce, while restoring the pride and dignity of the civil service.

Nov

21

2024

MINING WEEK “Policy for Accelerating Nigeria’s Iron and Steel Industry Development”

Representative of the Honourable Minister of Steel Development, Dr. Chris Osa Isokpunwu, Permanent Secretary of the Ministry, on the panel discussing the topic, “Policy for Accelerating Nigeria’s Iron and Steel Industry Development” on Wednesday 20th November 2024 at the Nigeria Mining Week.

The Permanent Secretary stated that the Policy thrust of the Federal Government is geared towards ensuring it provides an enabling environment; revamping the moribund Steel Companies in the country; collaborate with the private sector for the development of the Steel Sector, among others.

Nov

20

2024

MINISTER OF STEEL DEVELOPMENT, PRINCE SHUAIBU ABUBAKAR AUDU RECEIVES KOGI INTERNATIONAL CARNIVAL TEAM, PLEDGES FINANCIAL SUPPORT

…Lauds Gov. Ododo for the great initiative

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, on Tuesday, November 19, 2024, received the team of the Kogi International Carnival at his office in Abjua, commending Gov. Ahmed Usman Ododo of Kogi State for the great initiative, which he says would put the state on the global map of tourism.

The Kogi State International Carnival, scheduled to hold from December 1 to December 7, 2024, seeks to showcase the cultural heritage, historic monuments, arts, talents, and mineral resources in the state.

Prince Audu stated that the initiative would project and promote the rich cultural heritage of the state, which would attract both international and local investors into the tourism sector of the state, which would in turn contribute to generating Foreign Direct Investments.

The Honourable Minister also pledged his financial support for the success of the event, which also seeks to promote youths in the state particularly in the entertainment industry.

“This is a very laudable initiative, and I must commend my brother, the governor of Kogi State, Alhaji Ahmed Usman Ododo, for encouraging an event as this, which will project the rich cultural heritage of the state and put Kogi on the world map in terms of culture and tourism.

“I also commend the team for the great job you are doing in promoting the state, being at the forefront, and going across the country to pitch this great initiative. It shows the great love you have for the state. I am certain that it will be a huge success,” Prince Audu stated.

Leader of the delegation, Hon. Juwon Olorunnipa, Special Adviser to the Governor on Arts and Culture, popularly known as Jumabee, said that the carnival seeks to showcase all the positive narratives of the state and correct some of the misconceptions about the state in the public eye.

Mr. Jumabee noted that the carnival beyond entertainment and youth empowerment will also showcase the monuments and rich natural resources in the state, which is pivotal in the history of Nigeria.

Describing the event as “one of a kind," Mr. Jumabee stated that the event would be felt across all three senatorial districts of the state with A-list music artists like OritseFemi and Duncan Mighty performing at the grassroots levels.

‘We are tired of people pushing the wrong narrative about Kogi State; we want to change that and let the world see us for all the positive things in the state.

“The face of the carnival is Nike of Nike Arts Gallery, a kogite who has made incredible marks in the creative industry, and we will be showcasing her and other accomplished kogites to the world,” Jumabee stated.

Hajiya Ayisha Oyiza Omade, Director-General, Kogi State Social Investment Programme (KOSSIPA), stated that part of the component of the program is to empower the youths in the state, especially those with great talents.

She said that fifty youths will participate in the Talent Haunt, with three persons expected to emerge as finalists, with the winner of the grand prize going home with three million naira, the second position two million naira, and the third position expected to go home with one million naira.

Other members of the delegation include Hon. Philip Orebiyi, Chairman, Kogi Hotels and Tourism Board, Hon. Bashir Audu, Special Adviser to the Kogi State Governor on Hotel and Tourism, and Mr. Dami Adenuga, Head of Media, KOSSIPA.

Nov

18

2024

GOODWILL ADDRESS BY HONOURABLE MINISTER OF STEEL DEVELOPMENT, PRINCE SHUAIBU ABUBAKAR AUDU, AT THE 9TH EDITION OF THE NIGERIA MINING WEEK (NMW) HOLDING AT THE ABUJA CONTINENTAL HOTEL, ABUJA.

Protocols

The Honourable Minister of Solid Minerals Development, Dr. Dele Alake, My brother and Host of the 2024 Nigeria Mining Week Your Excellencies, the State Governors here present Other Ministers of the Federal Republic here present;
The Chairmen and Members of the National Assembly Committees on Solid Minerals and Steel here present; 
The National President, Miners Association of Nigeria, Mr. Dele Ayanleke and the entire leadership of the Association for Organizing the 2024 Nigeria Mining Week;
The Event Director – Mining, Vuka Group, Mr. Samukelo Madlabane and the entire Team of the Vuka Group, Representatives of PricewaterhouseCoopers (PwC) Members of the Advisory Board of the 2024 Nigeria Mining Week
The Permanent Secretary, Ministry of Solid Minerals Development, Dr. Mary Ogbe;
The Heads of Government Parastatals and Agencies here present;
Stakeholders here present from Africa and beyond;
Gentlemen and Ladies of the Press;
Ladies and Gentlemen!

PREAMBLE
I am highly honoured to make this ministerial address at the 9th Annual Nigeria Mining Week 2024 with the theme ‘Building the Mining Sector to be the Cornerstone of Nigeria’s economy. The annual mining week event has evolved over time to be a major platform where different stakeholders in the minerals sector are assembled for robust engagements on the best strategies to advance the course of harnessing our natural resources endowments for economic development.  I must not fail to appreciate my big brother and colleague, Minister of Solid Minerals Development, Dr. Dele Alake for the collaborative partnership between us because of the obvious nexus between the Solid Minerals and the Iron and Steel sectors.

Distinguished Ladies and Gentlemen, it is important to highlight that the focus of the 2024 Annual Mining Week equally resonates with the priorities of our visionary leader, President Bola Ahmed Tinubu, GCFR especially as he targets;

Reforming the economy to deliver sustained inclusive growth Unlocking Energy and Natural resources for sustainable development and Accelerate diversification through industrialization, digitization, creative arts, manufacturing and innovation. I have carefully perused the thematic topics that will be deliberated on at this event and the presenters that will lead the discussions especially as it relates to the “Policy Choices for Accelerating Nigeria’s Iron and Steel Industry Development”. I am confident that the Presenters/Discussants will do justice to the topics and deliver very constructive conversations and shared-insights that will elicit progressive engagements aligning with the ideals of the 8-Point Agenda of President Tinubu’s Administration which targets reinvigoration of the steel industry to serve as a catalyst for Nigeria’s industrialization.   .

ONGOING ACTIVITIES AND MILESTONES UNDER THE PRESENT ADMINISTRATION
Following the discouraging history of Steel Development in Nigeria in the past four and  a half decades, the President Bola Ahmed Tinubu’s administration has shown tremendous willingness to address the protracted challenges facing the industry. This noble decision of Mr. President is hinged on the following key objectives to be driven by the new Ministry of Steel Development;

To lead the campaign for the utilization of the abundant Steel Raw Materials in Nigeria for the substitution of imported Steel products which has been draining our foreign exchange to the tune of over $4Billion USD annually;

To evolve a regulatory regime that would ensure sustainable Steel and other Metals production in Nigeria for both local and international markets;

To set and monitor quality standards for local and foreign Steel products to curb structural failures in different construction projects in Nigeria and Generate employment and promote technology transfer for Nigeria’s economic development. We have taken this mandate since assumption of office on 21st August, 2023 with every sense of responsibility and the following milestones/activities were recorded;

Ajaokuta Steel Company Limited (ASCL)
The Federal Government has decided to privatise the fore-most integrated Steel Plant at Ajaokuta and its captive Iron Ore Mine at Itakpe and we have kick-started the process to ensure the accomplishment of the above. We recently signed a Memorandum of Understanding (MoU) with the original builders of the Plant, Messrs. TPE and their partners in Moscow, Russia. The procurement process for the selection of the technical audit firm has been completed and the auditing of the entire plant will commence before end of the year. 

Engineering Workshops at ASCL
We are working to also sign a Memorandum of Understanding with Ministry of Defence and Defence Industry Corporation of Nigeria (DICON) for the production of major input materials for the manufacturing of military hardware using the Five (5) Engineering Workshops in ASCL.

Aluminum Smelter Company of Nigeria (AlSCON)
A high-level executive meeting with Mr. President was held in July, 2024 and we were given a matching order to ensure that all issues encumbering the commencement of operation be resolved. Relevant stakeholders are currently working to address critical issues of sustainable & competitive gas pricing regime, power generation and evacuation into the national grid, ownership tussle and dredging of Imo River.  
Prospective New Investments into the Sector

We have also followed up on;
The landmark investment resolution reached between Mr. President and the President of Jindal Steel Group in India on the sidelines of the G-20 Meeting in New Delhi in 2023. Messrs. Jindal Steel Group has pledged to invest about $5 billion USD for the setting up of another 5 million tons steel plant in Nigeria and we are already providing the enabling environment through different organs of Government. This singular investment alone will require over 20 million tons of different steel raw materials to feed the Plant.

The Inner Galaxy Group’s is investing about USD 300 million in a new Steel Plant in Ogun State to produce Galvanized Steel Profiles for the Automotive Industry.
The Bell Oil and Gas USD 100 Million investment in Pipe Value Assembly and Composite Pipe manufacturing Facility in Lekki Free Trade Zone, Lagos and a host of others.

THE BOOT-CAMP TRAINING PROGRAMME
We are currently evaluating applications from over 225,000 online applications as at close of portal for the Pilot Boot Camp Training Programme for Nigerian youths for Technical Capacity Building in Welding/Fabrication, Industrial Foundry & Metallurgy, Instrumentation, System Control and Mechanical Maintenance. The idea is to train and develop the technical capacities of 700 selected Trainees and support them with equipment to become self-reliant and prepare a new set middle level manpower for the emerging Steel Industry in Nigeria. We are also liaising with tertiary and secondary education authorities in Nigeria to evolve sustainable mechanisms that will elicit interest of the youths in Material Sciences for sustainable manpower supply of the Metals Industry.

OTHER STRATEGIC INITIATIVES
Other Strategic initiatives we have embarked upon to re-position the Metals Industry include:

National Steel Summit
I have taken time to inspect a number of local Steel company operators in Nigeria to appreciate their issues and put the necessary fiscal incentives to support their investment. Some of the issues raised include dumping of sub-standard imported products, Energy supply, High cost of Scraps as input materials, forex for importation of equipment and logistics challenges. We shall be organizing a Summit of all stakeholders within the first quarter of 2025 to agree on a wholistic measures to promote our local operators.

Regulatory Frameworks 
We collaborated with the National Assembly Committees on Steel Development for quick passage of the following bills:
National Metallurgical Training Institute, Onitsha Establishment Bill;
Metallurgical Industry Bill;
and amendment of National Steel Council Act.

Roadmap for the Steel Industry
As the Regulator cum Administrator of the Metals Industry in Nigeria, we have developed an in-house Ten (10) year sectoral Roadmap for the sustainable growth of the sector with a target production of 10 million Tons of Crude Steel and other metallic products per annum. The document will be ready for presentation to stakeholders at the next summit for their inputs and review where necessary and final adoption by stakeholders. The final Roadmap Document would provide guidance to all industry players and prospective investors on the policy direction of the Federal Government of Nigeria.

CONCLUSION
I want to conclude by drawing our attention to the importance of adopting synergic approach to accomplishing the objectives of the Government Policy on Value-Addition to our solid mineral endowments. Complimentary to the sterling efforts and investments of the Federal Government in Geo-Science Data Generation, we must commensurately drive Value-Addition to our mineral resources to achieve the desired quick wins from Mines to Market. 

The Ministry of Steel Development is driving strong initiatives of Value Proposition for accelerated Metallic Minerals Development and therefore urge all industry stakeholders to support Government to convert our abundant mineral resources in Nigeria to semi-finished and finished steel products which will generate massive employment for our teeming youths, significantly improve the economic well-being of our people and meaningfully contribute to Nation’s GDP.

I wish you all a successful deliberation at this 9th Edition of the Nigeria Mining Week.

God bless the Federal Republic of Nigeria.

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.

Oct

02

2024

MINISTER OF STEEL DEVELOPMENT LAUDS PRESIDENT TINUBU’S CNG INITIATIVE AS PRESIDENTIAL PROGRAM HANDOVER CNG VEHICLES, LAUNCHES CONVERSION INCENTIVE PROGRAM TO TRANSPORTERS IN KOGI STATE

...says Ajaokuta to become one of Nigeria’s CNG hubs

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has lauded the Compressed Natural Gas (CNG) Initiative of President Bola Ahmed Tinubu GCFR, as the Presidential CNG Initiative (P-CNGI) launched its pilot Conversion Incentive Program and the handover of CNG buses to transporters in Kogi State.

Prince Audu, in his address at the inaugural launch of the CNG initiative program on Wednesday, 02 October 2024 in Lokoja, Kogi State, told Kogites that the “Renewed Hope Agenda” of President Tinubu has been brought to their doorstep, noting that the CNG initiative of Mr. President seeks to reduce the cost of transportation by over 40 percent to cushion the impact of the removal of fuel subsidy.

The Honourable Minister also noted that plans are underway to make Ajaokuta one of the CNG hubs of Nigeria, as the Ministry is on the verge of presenting a proposal to Mr. President for the establishment of an Indutrial Park within the Ajaokuta environ, which will also host a CNG park and a Free Trade Zone. 

“Mr President said at his Independence Day speech that because Nigeria spends over $10billion annually on fuel subsidy, Nigeria was on the brink of an economic collapse, and therefore he needed to do something very quickly, which was why petroleum subsidy was removed. There are some challenges that have come with that, which is the high cost of food prices, and Mr. President has told all of us that he is doing something to reverse that trend to ensure that prices of food come down quickly, one of which is the provision of CNG Venices to Nigerians. 

“Mr. President has mandated that we should have one million CNG vehicles and/or conversions, and it needs to in place before the end of 2025. So, one million vehicles will be converted from petrol to gas in the next year, and this is very significant. 

“As the Minister of Steel Development, I want to tell you some of the benefits of this CNG conversion site and the critical role Ajaokuta plays in that light. Ajaokuta is a gas hub for Nigeria. There are gas lines passing from Warri all the way to Ajaokuta, from Ajaokuta to Kaduna and Kano (AKK Pipeline), meaning that there are billions of cubic feet of gas that are being transported from Ajaokuta to other parts of Nigeria annually. 

“We are taking a proposal to Mr. President to declare Ajaokuta an Industrial park that will also have a CNG park which will be one of the CNG hubs in Nigeria. And instead of having situations where most of the CNG conversion centres and CNG parks are outside of Kogi State, Ajaokuta has the land, Ajaokuta has the gas, and Ajaokuta has the facility for conversion kit production. The Industrial park will attract steel companies to Ajaokuta. So, anything that we need is within our environs. And most importantly, that will create thousands of jobs for Kogites and Nigerians as a whole. 

“So, the Renewed Hope Agenda of President Bola Ahmed Tinubu is here and will turn around the economy, therefore, the desire of Mr. President to grow the economy by $1 trillion by 2030, and we will achieve that by the special grace of God,” Prince Audu stated.

Kogi State Governor, Alhaji Ahmed Usman Ododo said that the CNG initiative is a significant milestone in the “Renewed Hope” Agenda of President Bola Ahmed Tinubu, thanking the President for the initiative, which aims to reduce reliance on petrol, which would in turn alleviate the sufferings of the people.

Gov. Ododo, who was represented by the Deputy Governor, Elder Joel Salifu Ododo, pledged the commitment of the state to the project, with a promise to train 250 youths in CNG conversion and empower them to enable them to key into global technologies.

The Program Director/Chief Executive of the P-CNGI, Engr. Michael Oluwagbemi, said that the P-CNGI chose Kogi for its inaugural launch because the state beyond being a confluence state of water bodies is also significant in the transportation system as a link between the north and other parts of the country, and also hosts an important gas hub. 

He said that the event was not designed just to reduce transportation fares for commercial drivers or fulfil Mr. President’s promise to ensure that transporters get their vehicles and tricycles converted for free, but also an opportunity for Nigerians to benefit from the abundant resources of the country, urging everyone to key into the transformative initiative of Mr. President.

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.

Sep

07

2024

MINISTER OF STEEL DEVELOPMENT VISITS AFRICAN NATURAL RESOURCES AND MINES LIMITED, REINFORCING FG’S COMMITMENT TO REVIVING THE STEEL INDUSTRY
...Congratulates company on its $600 million investment in an Iron-Ore mining site to facilitate Steel production in Nigeria

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, on Thursday, September 6, 2024, visited the African Natural Resources and Mines Limited (ANRML), Gujeni Village, Kagarko LGA, Kaduna State reinforcing the commitment of the Federal Government to reviving the steel and metals sector in the country.

Prince Audu commended the company on its huge investment in Nigeria and for operating in the Country since 1971, which has contributed to the economic development of the country, noting that ANRML will play a significant role in the ongoing steel sector revival efforts of the Renewed Hope Agenda of President Bola Ahmed Tinubu GCFR.

He also lauded ANRML for the 900-hectare Iron-Ore mining facility where they invested about $600 million for backward integration to facilitate the production of steel.

The Minister said that the vision of the current administration is to ensure that all comatose steel plants become operational and for Nigeria to begin steel production before the end of the tenure of President Tinubu, reiterating his commitments to delivery of the vision of Mr. President.

“It is very clear that this edifice exemplifies the Renewed Hope Agenda of President Bola Ahmed Tinubu whose plan is to grow the economy to over $1 trillion by 2030. Steel is the catalyst for industrialisation, and I commend the Africa Industries Group (AIG) for their important role in taking Nigeria to the next level.

“I am pleasantly surprised you have been doing business since 1971. I appreciate the Group for believing in the country and creating thousands of jobs, employing in excess of 10,000 staff across the country.

“I am urging the company to invest more to meet our local demand for steel. 10 million metric tonnes are being imported into the country, so this company has a role to play in reversing that trend.

“The President is very serious about turning around the steel industry, including the revival of Ajaokuta Steel Company and the National Iron Ore Mining Company, Itakpe. We have plans to build an industrial park in Ajaokuta that will house a Free Trade Zone and CNG park.

“We need more huge foreign direct investments to reduce pressures on FX and to help us create 80 million jobs in the country under the Renewed Hope Agenda of Mr. President. So, thank you for making such a huge investment in Nigeria,” Prince Audu said.

The Group Managing Director of Africa Industries Group, Alok Gupta, thanked the Honourable Minister for his visit, which shows his support to indigenous companies operating in Nigeria, expressing confidence in the revival of the steel and metals sector under the leadership of the Honourable Minister.

Mr. Gupta said that the factory is a testament that local validation shows the possibilities of the country.

“I thank you for your pledge to support indigenous companies in Nigeria. We are confident we will see a revival in the Nigerian steel industry. We stand by your commitment to the production of high quality steel in the country,” Gupta said.

Jul

29

2024

NIGERIA STEEL DEVELOPMENT: MINISTRY GETS NEW PERMANENT SECRETARY

The New Permanent Secretary (PS), Ministry of Steel Development (MSD), Dr. Chris Osa Isokpunwu, has committed towards strengthening and stimulating the development of the Steel Sector to attain its full potentials in the country.

Dr. Chris Osa stated this during the Handover Ceremony by the former Permanent Secretary, Dr. Mary A. Ogbe on Monday 29th July, 2024 at the Ministry’s Headquarters.

While thanking President Ahmed Bola Tinubu GCFR for approving his Appointment as Permanent Secretary of the Federal Republic of Nigeria, he enjoined Management and Staff to work assiduously to achieve the goal of using the Steel Sector for the industrialization of the nation as well as using the sector to solve some of the country’s socio-economic problems.

The new Permanent Secretary of the Ministry of Steel Development, Dr. Chris Osa, praised the former Permanent Secretary, Dr. Mary A. Ogbe for holding the realms of the Steel Ministry since it was created in August of 2023 and assured of his readiness to build on her already existing achievements.

Earlier in her address, the former Permanent Secretary of the Ministry, Dr Mary A. Ogbe disclosed that the Ministry is charged with ensuring the development of Steel, stated that no nation can become industrialized without a functional Steel Industry. She noted that she is confident that the new Permanent Secretary is well equipped for the task ahead. She described him as a very capable, seasoned administrator with an impressive track record.

Dr. Ogbe urged the Management and Staff to give the new Permanent Secretary their support for the growth of the Steel and Metal Sector, Ministry and the country.

On his part, the Director Metallurgical Raw Materials Development and Investment Promotion, Mr. Imeh Ikrikpo in his vote of thanks informed the Permanent Secretary that the Ministry is happy to receive him and assured him of the support of Management and Staff of the Ministry.

May

09

2024

MINISTER OF STEEL DEVELOPMENT VISITS LEADING INDIGENOUS STEEL PRODUCER, KAM INDUSTRIES, SAYS FG KEEN ON ENCOURAGING INDIGENOUS PLAYERS

...Kwara Governor and Chairman Nigeria’s Governors Forum, Abdulrahman Abdulrasak expresses confidence in Prince Audu

As the Federal Government commits to industrialising Nigeria through the Steel and Metals Sectors, the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, embarked on a two-day working visit to leading indigenous player, KAM Industries in Kwara and Ogun States.

The two-day visit of the Honourable Minister from May 7 to May 8 2024, to KAM’s steel production factories in Jimba Oja, Kwara State, and Sagamu in Ogun State aims to assess the steel production by the company.

Prince Audu, during his courtesy call to the governor of Kwara State and Chairman, Nigeria’s Governors Forum, Mal. Abdulrahman Abdulrasak CON, reiterated the commitments of President Bola Ahmed Tinubu GCFR to reviving the nation’s Steel and Metals Industry in a bid to diversify and grow the Nigerian economy to over one trillion dollars before the end of his administration.

The Honourable Minister further noted that his visit to KAM Steel, a subsidiary of KAM Holding, is also to encourage indigenous players in Nigeria’s steel sector, commending the Chairman and Group Managing Director of the company, Alhaji Kamoru Yusuf MON, for such massive investments, which has significantly contributed to Nigeria’s economy by employing over 20,000 Nigerians and pumping hundreds of billions of Naira into the economy.

“My visit to Kwara State is to encourage indigenous players in the steel industry. We have been discussing across board with some foreign investors that are interested in coming to Nigeria, but I also thought it imperative to also associate, pay a visit, and support indigenous players that are doing extremely well in the steel and metals industry in Nigeria.

KAM Holding is the leading indigenous steel company in Nigeria.

“Under the renewed hope agenda of President Bola Ahmed Tinubu GCFR, one of his cardinal objectives is to grow the size of Nigeria’s GDP to over 1 trillion dollars by the end of his second term in office. And part of what we have to do to enable us to achieve that is to focus on industrialization.

“Industrialization has the capacity to create millions of jobs, and Mr. President wants to provide more than 80 million jobs for Nigerians over the next eight years of his administration, and the steel industry is going to play a very key role in that regard.

“So, under the eight-point agenda of Mr. President, certain things have to be put in place to ensure that Nigeria is working for Nigerians.

“I am here to first of all pay my respect and acknowledge the Executive Governor of Kwara State for doing such a wonderful job across the sub-sectors of the economy for the people of Kwara,” Prince Audu said.

In his remarks, the Executive Governor of Kwara State and Chairman of Nigeria's Governors' Forum, Mal. AbdulRahman Abdulrazak, commended the Honourable Minister for the visit to the site to see for himself the true facts before setting up policies for moving the industry forward.

Gov. Abdulrazak also expressed confidence in the leadership of Prince Audu as Minister to get the steel industry of the country right, urging the ministry to consider including KAM Holdings as an indigenous partner in its revival plans for Ajaokuta.

“Kwara holds the second largest steel production in Nigeria through the activities of KAM Holdings, led by Alhaji Kamaru Yusuf. We hold him in high esteem here; his investment is in trillions of naira.

"Making Ajaokuta work is an albatross, which we are confident you will unite the issues there. Without getting the steel sector right, Nigeria cannot be industrialised," Gov. Abdulrazak said.

In her welcome address, the Vice Chairman, KAM Holding Ltd, Dr. Iyadunni Bolanle Yusuf, revealed that in the past, the steel sector was dominated by foreign owned companies until KAM Holding Ltd came on the scene, noting that KAM Holding Ltd is home to manufacturing companies of liquid, iron, and steel products that are wholly owned by Nigerians.

Dr. Iyadunni Bolanle Yusuf appealed to the Ministry to ensure it protects the indigenous steel manufacturing sector, as it plays a critical role in the growth and development of the country by providing materials for building infrastructure, automobiles, engineering, defence, and being the bedrock of industrialisation.

The Honourable Minister also paid a courtesy visit to the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari.

Apr

26

2024

AJAOKUTA STEEL: MINISTER OF STEEL DEVELOPMENT ENGAGES RUSSIA’S TPE CONSORTIUM ON REVIVAL

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has engaged a consortium led by the original developers of Ajaokuta Steel Company Limited (ASCL), Tyamzhpromexport (TPE), to revive the steel plant.

The Honourable Minister, who met with the consortium comprising a team from Russia’s TPE/Rostec, Novostal, and Nigeria’s Proforce in his office on Thursday, 25th April 2024 in Abuja, urged them to put together a blueprint for the revival of the Steel Plant within the shortest possible time.

This, he says, is in line with President Bola Ahmed Tinubu’s “Renewed Hope Agenda”, which is keen on ensuring the production of steel in the country and industrialising Nigeria through the Steel Sector before the end of his first term in office.

The Honourable Minister Audu said following the meeting, he intends to visit Moscow on a formal invitation from TPE and other consortium partners to engage in further discussions to secure funding to the tune of about $2 billion, which is required for the revival of the entire steel plant.

The Honourable Minister thanked the Embassy of the Russian Federation in Nigeria for facilitating the meeting with the TPE Consortium, which, if gotten right, will be a monumental success in driving Nigeria’s economy through industrialisation.

Mr. Sergei Egorov, General Director of TPE and leader of the Consortium commended the Honourable Minister for the steps he has taken so far in putting together the Consortium for the resuscitation of the steel plant, which has been moribund for years.

Egorov and his team of technical experts, who had earlier gone on a tour of the Steel Complex a few days earlier, noted that the plant was still in a state of possible resuscitation, indicating their interest in putting together a business case for the government.

“We came with our technical experts and are quite impressed at the current state of the Ajaokuta Steel Plant. We would do a full technical audit of the plant and then take a final decision”.

“We are happy to come on board the resuscitation of the steel plant for the benefit of Nigerians,” Egorov said.

Mr. Valery Shaposhnikov, Deputy Head of the Russian Embassy in Abuja, Nigeria, also commended the potential partnership, which he says would be carefully reviewed for the mutual benefit of both countries.

He expressed optimism in the vision of President Bola Ahmed Tinubu GCFR to revive Ajaokuta, adding that this is the first time since the Shehu Shagari Administration in 1979 that a Nigerian government is showing great political will in getting the Steel Plant operational again.

Mar

06

2024

FG TO COMMENCE PRODUCTION OF MILITARY HARDWARES IN AJAOKUTA AS STEEL, DEFENCE MINISTRIES SET TO SIGN MOU

The Federal Government has taken steps to begin the production of military hardwares in the Ajaokuta Steel Complex, as the Ministries of Steel Development and Defence are set to sign a Memorandum of Understanding (MOU) for the implementation.

The Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister of State, Defence, His Excellency Dr. Bello Matawalle disclosed this after a meeting on Wednesday, at the Ministry of Defence, Abuja.

According to Prince Audu, the collaborations between both Ministries under his leadership and the Ministers of Defence will bring to fruition the vision of the renewed hope agenda of President Bola Ahmed Tinubu GCFR geared at reviving the Ajaokuta Steel Complex for steel production for several purposes, including military hardwares.

The Minister of Steel Development said that the Ajaokuta Steel complex has various engineering workshops with the capacity to produce hardwares for the military under the Defence Industries Cooperation of Nigeria (DICON) Act.

“Today is a day that we have all waited for under the renewed hope agenda with the coming to fruition of a partnership between both ministries, the Ministry of Steel Development and the Ministry of Defence.

“There are a number of things we have agreed on, including signing an MoU so that DICON and Ajaokuta Steel Company Limited can partner to produce military hardwares such as rifles, vests, helmets, and bullets, among other things, in the Ajaokuta Steel Complex.

“Ajaokuta has the facility to also accommodate a military barracks. There are over 10,000 housing units in Ajaoukuta, of which only 3,000 to 4,000 are occupied.

“We will put together a quality Memorandum of Understanding that will be well implemented, and we are confident of the outcomes," Audu said.

In his remarks, the Minister of State, Defence, said that all that has been agreed upon for the production of military hardwares and a Military Industrial Complex in Ajaokuta was in line with the renewed hope agenda of Mr. President.

Metawalle further assured Nigerians of the soon-to-be take-off of the Ajaokuta steel complex in maximum capacity, as he encouraged local partners to come on board.

Metawalle said that “today, we have agreed on so many things, including the review of the MoU signed in 2020 between DICON and the National Metallurgical Development Centre (NMDC), which would now be between both ministries (government to government).

“Both Permanent Secretaries of the Ministries will come up with a draft agreement, and we will have continuous and regular meetings so that great ideas can be put together in the agreement.".

The Permanent Secretary of the Ministry of Steel Development, Dr. Mary Ogbe, lauded both ministers for their commitments towards the revival of the Ajaokuta Steel Complex.

Ogbe also assured the ministers of their support as civil servants to their political will.

“If we have a common goal, we can achieve it. Nothing will make Nigerians happier than to see Ajaokuta come to light again.

On a similar note, Permanent Secretary, Ministry of Defence, Dr. Ibrahim Abubakar Kana described the meeting as a landmark achievement which would bring forth monumental development to the steel industry and Defence architecture of the country.

Kana said that all hands would be on deck to actualize the agreement for the eventual production of military hardwares in Ajaokuta steel complex, and the establishment of a military industrial complex in Ajaokuta.

Feb

29

2024

FG GEARED TOWARDS SUSTAINABLE RESEARCH DEVELOPMENT IN STEEL SECTOR

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu has reiterated Federal Government’s commitment to improve the country’s economy and grow the Gross Domestic Product through the Steel Sector, by ensuring it establish a sustainable research system for the development of the sector.

Prince Audu who was accompanied by the Permanent Secretary, Dr. Mary A Ogbe made this known during his Working Visit to the National Metallurgical Development Centre (NMDC), Jos, Plateau State between Wednesday 28th and Thursday 29th February, 2024.

The Minister while emphasizing the need for research in the steel industry, noted that the Sector can only be kept in position to serve its manifold purposes through determined searching and probing that would lead to discovery and improvement products and services in the steel sector. He disclosed that:

“The National Metallurgical Development Centre is not just a historical asset, it is a strategic research engine for the nation’s steel industry. This is because no nation can really develop without the development of its steel industry, and pivotal to the development of the steel industry is Research”.

Also, he disclosed that the Centre’s mandate to offer research and development inputs necessary for the development of the mining, minerals and allied sectors, with specific focus on the steel industry in Nigeria is very strategic, noting that the center is the only one of its kind in the West African sub-region with integrated facilities to carry out mineral evaluation, metallurgical processes, adaption and improvement, mineral and metal testing and environmental pollution studies. He added that the center has the capacity to proactively support the growth of the nation’s economy by developing local capacities along the mineral value chain activities, given the right impetus.

Speaking further, Prince Audu revealed that the Research & Development of NMDC activities will be geared towards the domestication of Research findings into productive Small and Medium Scale ventures, as according to him, SMEs are the micro drivers of the economy, noting that going forward, the Centre shall undertake targeted research projects that aims to solve existing industry needs, so as to enable us utilize locally, the various metallurgical raw materials that Nigeria is endowed with.

He tasked members and staff of the Centre to work together to reposition the Steel and other Metals Sector to attain its pride of place as the bedrock of industrialization and implored them to renew their commitment, drive, focus, and dedication towards supporting the Ministry to actualize its mandates.

In her remarks, the Permanent Secretary, Dr. Mary A. Ogbe enjoined the staff to be disciplined and adhere to rules in the discharge of their duties and ensure they work as a team to promote the National Metallurgical Development Centre for optimal productivity.

Earlier, the Director General of the National Metallurgical Development Centre Prof. Linus Asuquo, reiterating that without research Steel can not roll, noting that the Research Centre is a unique Agency in the Steel and Metals Sector that its activities are crucial in value addition and development processes in the entire Steel processing chain, from exploration to extraction and to fabrication.

Prof. Asuquo while reeling out the numerous achievements of the Centre as well as some of its challenges, expressed optimism that with the leadership of the Ministers and Permanent Secretary, the NMDC would become a Centre of Excellence in Minerals and Metals Research that will be at par with other Steel Research Centres in the world.

In a related development, the Honourable Minister during a courtesy visit to the Executive Governor of Plateau State, His Excellency Caleb Mutfwang stated that the purpose for the visit to the State was to get an on-the-spot assessment of the National Metallurgical Development Centre in order to ascertain its challenges and opportunities and proper possible solutions that will ensure that the research Centre operate at full capacity as well as seek collaboration with the Plateau State Government in reviving the Jos Steel Rolling Mill now known as the Zuma Steel Rolling Mill in the State. He added that the Ministry is committed towards fulfilling its mandate of revitalising the Steel Sector for the benefit of Nigerians.

In his remarks, the Executive Governor of Plateau State, His Excellency Caleb Mutftwang assured of the State willingness to synergise with the Federal Government in reviving the Steel Sector for the growth of the economy. He stated that the State would directly benefit from the revival of the Steel Sector as according to him, the Jos Steel Rolling Mill when in full operation will create thousands of direct and indirect jobs for the teeming Jos citizens.

The Honourable Minister during the working visit to Jos, Plateau State, also paid a courtesy visit to the Gbong Gworm Jos as well as had a facility tour of the Zuma Steel Rolling Mill.

Apr

17

2025

NIGERIA, SOUTH AFRICA SIGN PACT ON MINING DEVELOPMENT

In a bid to solidify the partnership fostered through the Nigeria–South Africa Bi-National Commission—recently inaugurated by President Bola Ahmed Tinubu and President Cyril Ramaphosa—the Ministers of Solid Minerals of both nations have signed a Memorandum of Understanding (MoU) outlining key areas of cooperation, complete with implementation timelines.

During a bilateral meeting at his office in Abuja, the Minister of Solid Minerals Development, Dr. Dele Alake hosted South Africa’s Minister of Mineral Resources and Energy, H.E. Gwede Mantashe. Dr. Alake described the engagement as a milestone in deepening bilateral relations, especially in the vital mining sector.

Reflecting on the historical ties between the two countries, Alake noted the longstanding diplomatic and economic cooperation built on mutual respect and a shared vision for Africa’s development. He stressed that collaboration in the mining sector offers vast opportunities for industrialization, job creation, and sustainable growth across the continent.

“The Memorandum of Understanding in geology, mining, and mineral processing signed today,” Alake stated, “will serve as a cornerstone for facilitating knowledge and technology transfer, investment promotion, capacity building, regional integration, and value addition.”

Key Highlights of the MoU Include:

• Capacity building in geological applications using Unmanned Aerial Vehicles (UAVs)
• Utilization of Multi- and Hyper-spectral Remote Sensing Technologies for mineral exploration and geological mapping
• Sharing of geoscientific data on strategic minerals through the Nigeria Geological Survey Agency (NGSA)
• Training on mineral processing and value addition
• Capacity Building on Elemental Fingerprint Technology using LA-ICP-MS
• Exploration of Agro and Energy Minerals In Nigeria

Alake emphasized Nigeria’s renewed focus on developing its mining industry, stating that South Africa could benefit from Nigeria’s vast mineral wealth, while Nigeria could tap into South Africa’s advanced mining expertise. This synergy, he said, would open doors to investment, skills development, and economic diversification.

In his remarks, H.E. Gwede Mantashe affirmed that South Africa—where mining plays a central role in the economy—stands to gain from Nigeria’s revitalized interest in the sector. He added that his visit aimed to fine-tune agreements from the Bi-National Commission and to deepen collaboration on mutually beneficial projects with Nigeria’s Ministry of Solid Minerals Development.

Both ministers committed to sustained engagement and collaboration to boost intra-African trade and deliver on the actionable steps outlined in the MoU. They expressed confidence that this renewed partnership would significantly enhance the mining sectors of both countries.

The MoU signing was attended by the Minister of Steel Development, Shuaibu Audu; Permanent Secretary of the Ministry of Solid Minerals Development, Dr. Mary Ogbe; Permanent Secretary of the Ministry of Steel Development, Dr. Chris Isokpunwu; alongside senior officials from both solid minerals and steel development ministries and members of the South African delegation led by H.E. Gwede Mantashe.

Mar

21

2025

NIGERIA TO PRODUCE 10M TONNES OF STEEL ANNUALLY TO REDUCE IMPORT

-Discloses partnership with DICON for production of Military hardware

The Minister of Steel Development, Prince Shuaibu Abubakar Audu, has said that under the Renewed Hope Agenda of President Bola Ahmed Tinubu, their target is to produce 10 million metric tonnes of steel annually so as to significantly reduce the country’s reliance on imported steel.

“Once our plans are fully implemented in the next five years, we will achieve all our objectives,” he said.

He spoke in Kaduna on Thursday, while on a visit to the National Steel Raw Materials Exploration Agency (NSRMEA) and the Defence Industries Corporation of Nigeria (DICON).The Minister also paid a courtesy call on the Governor of Kaduna State, Senator Uba Sani, who was represented by the Deputy Governor, Dr. Hadiza Balarabe.

The Minister who said Nigeria imports about $4 billion worth of steel annually,underscored the need for import substitution so as to reduce pressure on foreign exchange.

Describing NSRMEA as a cornerstone in the Federal Government’s plan to grow Nigeria’s economy to $1 trillion by 2030,Minister Audu said “for Nigeria to produce steel in large quantities as we desire, it is very important that the exploration arm of the industry is operating at full capacity.”

He said previous assessments ranked NSRMEA as one of the best-performing agencies under his ministry, and commended the agency for its performance.

According to him, plans were underway to partner with the Ministry of Defence and the Defence Industries Corporation of Nigeria (DICON) to produce military hardware in Nigeria.

He said one of President Bola Tinubu’s key objectives is the rehabilitation of Ajaokuta Steel Company. “We are working towards integrating military hardware production into the complex as part of a broader plan to establish a military-industrial complex in Nigeria.An MoU had already been drafted and shared with DICON, pending presidential approval,” he added.

He said the administration would reposition the steel sector in Nigeria, even as they planned to organize Nigeria’s inaugural steel summit to organize stakeholders who would develop a comprehensive blueprint for the steel industry’s growth and development.

According to him, the Metallurgical Industry Bill, has passed its second reading at the House of Representatives.”The bill, once passed and signed into law, will provide a regulatory framework for both private and corporate steel players, ensuring proper governance and development of the sector.”

“The Federal Government is attracting foreign direct investments (FDI) into the steel industry… President Tinubu was in New Delhi in September 2023, where a commitment was made for the production of five million metric tonnes of steel in Nigeria.”

“In addition, a Chinese company, Galaxy, is investing $300 million in a steel plant in Ogun State. These investments will expand Nigeria’s steel production capacity..The ministry is working on a 5-10 year roadmap for the steel industry, incorporating best practices from other countries.”

Feb

25

2025

STEEL DEVELOPMENT: FG EMPOWERS YOUTHS, LAUNCHES BOOT CAMP TRAINING ON WELDING/FABRICATION AT THE METALLURGICAL TRAINING INSTITUTE ONITSHA. 

The Federal Government through the Ministry of Steel Development in a significant effort to empower Nigerian Youths with essential skills for employment and entrepreneurship, has commenced a 3-Batch comprehensive Boot-Camp Training Programme on welding aimed at equipping young individuals with practical competencies in welding techniques and knowledge crucial for contributing to the nation’s industrial growth.

The Permanent Secretary Dr. Chris Osa Isokpunwu delivering the keynote address during the flag-off of the First-Batch of the Ministry's Boot-Camp Training for Nigeria Youths in Onitsha, Anambra State, on Thursday, 6th March 2025, disclosed that the initiative marks a significant step in the Ministry's commitment to develop a skilled workforce, fostering industrial growth, and promoting sustainable development within Nigeria’s metallurgical and steel sector. He added that the Ministry, under the leadership of the Honourable Minister, Prince Shaiubu Abubakar Audu, has taken deliberate steps to reposition the steel and metals industry as a cornerstone of the nation’s economic transformation. Stating that the Ministry recognize that achieving the goal requires not only infrastructural investments but also the empowerment of human capital—hence the need for this intensive bootcamp training.

Dr. Chris revealed the programme is designed to equip selected participants with hands-on skills, technical knowledge, and industry insights crucial for advancing the Nigerian metallurgical landscape. According to him, over the next few weeks, the participants will undergo rigorous training in welding and fabrication, industrial foundry and metallurgy, and instrumentation, system control, and mechanical maintenance. He noted that the objective is to bridge skill gaps, promote innovation, and enhance the employability of the nation's youths within the steel critical sector.

Harping on the importance of the training, he said "this boot-camp is not just about learning; it is about discipline, resilience, and teamwork. I must emphasize that all participants are expected to adhere strictly to the laid-down rules and guidelines. The Ministry has made provisions for accommodation, feeding, and starter packs for all trainees. However, any form of misconduct—including indiscipline, violation of safety regulations, or engagement in prohibited activities such as drug use or possession of weapons—will result in immediate disqualification and forfeiture of benefits.

The Permeant Secretary expressed pleasure that the participants arrived early for the camp, enabling them to settle in and prepare for the rigorous and impactful training ahead, he admonished them to use opportunity to position themselves as future leaders in the steel and metallurgical sector. "I urge you to embrace this training with enthusiasm, remain focused, and take full advantage of the knowledge and experience that will be shared with you"

Speaking, Chairman, Senate Committee on Steel, Distinguished Sen. Patrick Ndubueze, stated he was pleased to be part of the epoch-making event which is geared towards empowering the nations teeming youths to be self-reliant by acquiring extensive skills training in Welding and Fabrication, Industrial Foundry/Metallurgy, Instrumentation/Control System and Mechanic Maintenance. 

Represented by Hon. Greg Owurmanam, Sen. Ndubueze commended the Ministry of Steel Development and all relevant Agencies who have contributed to the success of the Boot-Camp Training and enjoined the participants to give maximum attention and cooperate with the trainers to acquire the expected knowledge and skills designed for the programme.

Earlier, Director Metallurgical Inspectorate, Engr. Frederick E.Ewa, giving the Overview of the Metal Sector Boot-Camp Training Programme, stated that the initiative, championed by the Ministry of Steel Development, is a strategic effort to empower young Nigerians with hands-on technical skills, foster industrial growth, and bridge the manpower gap in the nation’s steel sector.

Engr. Ewa stated that the Bootcamp Training Programme is an intensive, hands-on technical training aimed at equipping participants with critical skills in three specialized areas:
Welding and Fabrication; Industrial Foundry and Metallurgy Instrumentation, System Control, and Mechanical Maintenance. He noted that over the course of training, participants will be exposed to real-world practical sessions, industry best practices, and safety protocols, all of which, according to him, are essential to ensuring high-quality output in the metallurgical sector. 

Engr. Ewa, encouraged trainees to be fully engaged in every session and abide by all rules and regulations, as misconduct of any kind will not be tolerated.

In his welcome address, the Director/Ag. Chief Executive, Metallurgical Training Institute (MTI), Onitsha, Engr. Dr. F.U. Obi, said the training represented a bold and strategic effort by the Ministry to equip young Nigerians with high demand technical skills that are essential for the nation's industrial growth, adding that the Boot-Camp is not just for training but intended to build the next generation of skilled professionals and entrepreneurs who will drive the nation's steel and manufacturing industries forward. 

According to Engr. Obi, the choice of Metallurgical Training Institute Onitsha, as venue for the Boot-Camp was deliberate. For decades, he noted, the MTI has been the for front of technical and vocational education in Nigeria, producing skilled professionals who have made remarkable contributions to the steel industry.

Nov

26

2024

MINISTER OF STEEL DEVELOPMENT, PRINCE SHUAIBU ABUBAKAR AUDU, CALLS FOR A UNITED IGALA LAND AT THE 25TH MEMORIAL LECTURE OF DR. STEPHEN ACHEMA

…says legacies of Dr. Stephen Achema, Prince Abubakar Audu must be preserved

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has called on all Igala sons and daughters across the nation to stand united and build a formidable force for the peace, progress, and development of the Igala kingdom as well as to preserve the labours of our heroes past.

Prince Audu made the clarion call while delivering a keynote address at the 25th Memorial Anniversary Event held in honour of the late Dr. Stephen Makoji Achema on November 25, 2024 at the Shehu Musa Yar’adua Centre, Abuja.

The Minister described the late Dr. Stephen Achema as a phenomenal patriot of Igalaland and a nationalist to the core, stressing that he fought for the emancipation of Igalaland, just like the late Prince Abubakar Audu.

Minister Audu recalled the Ukanugboda Accord of 1999 championed by the late Dr. Stephen Achema that contributed to the electoral victory of his father, Prince Abubakar Audu, as the Second Executive Governor of Kogi State as a spirit that must be preserved.

He assured of his continuous commitment to the unity, peace, and progress of Igalaland, pledging to use his position as Minister and the highest representative of Kogites and Igala’s at the Federal Executive Council to bring meaningful and sustainable development to the state.

"Today, we gather here with a profound sense of reverence as we commemorate the 25th anniversary of the passing of a remarkable politician, a stalwart, a true champion of Igala land, and a force to be reckoned with, Dr. Stephen Makoji Achema.

“A phenomenal patriot of Igala land and a nationalist to the core, Dr. Stephen Achema, just like my father, Prince Abubakar Audu, consistently fought for and championed the course of the Igala Nation and her people, ensuring we were never marginalised and building legacies that many of us, the younger generation of Igala land, are standing on today.

“As we honour this remarkable man today, let us also commit ourselves to continuing his noble work. Let us carry forward his vision of a prosperous Igala land where every individual has the opportunity to thrive and contribute to society.

As Minister of Steel Development and the representative of the Igala people and Kogi State at the Federal Executive Council, I am committed to building on the legacies of great patriots of Igala land like Prince Abubakar Audu and Dr. Stephen Achema to channel meaningful and sustainable developments to Kogi State and contribute to national development.

“Today gives me another opportunity to make a clarion call to all my dear brothers and sisters of the Igala kingdom: Let us unite irrespective of political divide and religion to build a formidable force for the peace, progress, and unity of our beloved Igala land; let the labours of our heroic fathers, the Late Dr. Stephen Achema and Prince Abubakar Audu, not be in vain. May their memories inspire us to be courageous advocates for change and unity, ensuring that the dreams they held for our people become a reality.

“I want to express my continued condolences to the family of Dr. Stephen Achema here present. And I wish to also point out that, as a show of unity to the Igala Nation, his first son, Daniel, was recently appointed by myself as one of my aides,” Prince Audu stated.

Delivering the Memorial Lecture, Prof. Jerry Gana, Former Minster of Information and Culture, also described the late Dr. Stephan Achema as a great Nigerian, Patriot of the Middle Belt, and true democrat who fought for the restoration of democracy and stood against the oppression of the masses.

Prof. Gana urged Kogites to stand united in order to harness the huge potential and resources of the state, which were the biggest dreams of the late Dr. Achema.

He also prayed for God’s guidance upon the Minister of Steel Development to deliver on his mandate of reviving Ajaokuta Steel Plant, another great vision of the late Dr. Achema.

The Chairman of the Occassion, Elder Statesman, Amb. Yahaya Kwande, who was represented by his son, Mr. Jibril Kwande, also described the late Dr. Achema as a beacon of hope to the entire nation who made an indelible mark in history.

Present at the event were several illustrious sons and daughters of Igalaland, including the former governor of Kogi State, Capt. Idris Ichala Wada; former Minister of State for Police Affairs, Mr. Humphrey Abah; Dr. S.S Ameh (SAN) First Attorney General of Kogi State; Deputy Majority Leader of the House of Representatives, Hon. Abdullahi Halims; Member Representing Idah Federal Constituency at the House of Representatives, Hon. David Zacharias; and former APC National Women Leader, Hajiya Salamatu Baiwa Umar-Eluma, among others.

Nov

21

2024

MINISTRY OF STEEL DEVELOPMENT IS DRIVING STRONG INITIATIVES TO REVIVE THE STEEL INDUSTRY 

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has said that the Ministry is driving strong initiatives to revive the steel industry and ensure that the sector becomes operational and a great contributor to the economic diversification goals of the “Renewed Hope Agenda” of President Bola Ahmed Tinubu GCFR.

Prince Audu made this known whilst delivering his Ministerial Address at the opening of the 2024 Mining Week on Tuesday, November 19, 2024, in Abuja with the theme “From Inside Out: Building the Mining Sector to be the Cornerstone of Nigeria’s Economy.”

The Honourable Minister said that in just fifteen months since the creation of the Ministry, it had made historic milestone achievements to actualize the vision of President Tinubu to make the steel sector a major contributor to a $1 trillion economy by year 2030.

He added that the signing of the Memorandum of Understanding (MoU) between the Federal Government and the original builders of the Ajaokuta Steel Plant, TPE and its consortium, in September 2024 in Moscow, Russia, was a great feat in the revival efforts of the Ajaokuta plant, which has been comatose for over four decades.

“We have taken this mandate since assumption of office on August 21, 2023, with every sense of responsibility and the following milestones/activities were recorded;

“We recently signed an MoU with the original builders of the Plant, Messrs. TPE and their partners in Moscow, Russia. The procurement process for the selection of the technical audit firm has been completed, and the auditing of the entire plant will commence before the end of the year.

“We are having high level discussions with the Ministry of Defence and Defence Industry Corporation of Nigeria (DICON) to also sign an MoU for the production of major input materials for the manufacturing of military hardware’s using the Five (5) Engineering Workshops in ASCL.

“On reviving the Aluminum Smelter Company of Nigeria (AlSCON), a high-level executive meeting with Mr. President was held in July 2024, and we were given a matching order to ensure that all issues encumbering the commencement of operation be resolved.

“We are collaborating with the National Assembly Committees on Steel Development for quick passage of the following bills: the National Metallurgical Training Institute, Onitsha Establishment Bill; Metallurgical Industry Bill; and amendment of National Steel Council Act.

“We have developed an in-house Ten (10) year sectoral Roadmap for the sustainable growth of the sector with a target production of 10 million tons of Crude Steel and other metallic products annually. The final Roadmap document would provide guidance to all industry players and prospective investors on the policy direction of the Federal Government of Nigeria,” Audu said.

Declaring the event open, President Bola Ahmed Tinubu GCFR assured of the commitment of the Federal government to reposition the Solid Minerals, Mining, Steel and Metals Sectors within the shortest possible time.

President Tinubu, who was represented by the Minister of Innovation, Science, and Technology, Chief Uche Geoffrey Nnaji, commended the Minister of Solid Minerals Development, Dr. Dele Henry Alake for the remarkable strides in the sector under his leadership.

“I urge all stakeholders to harness this momentum and work together towards our common vision. Under the capable guidance of Minister Dele Alake, the Ministry of Solid Minerals Development has set a standard that promises prosperity for every Nigerian. Let us continue this journey with unity, ambition and the conviction that Nigeria’s mineral wealth will transform our nation’s future.

“Together, we will make Nigeria’s mining sector a cornerstone of national pride and a pillar of sustainable development for generations to come. May our efforts be blessed, and may Nigeria’s future be bright,” President Tinubu stated.

Minister of Solid Minerals Development and lead host of the event, Dr. Dele Henry Alake, said that the Solid Minerals Sector has recorded significant transformation under the Renewed Hope Agenda of President Bola Ahmed Tinubu GCFR by putting new policies in place.

Also present at the event were the Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu CON, Minister of Defence, Mohammed Badaru CON, Minister of Information and National Orientation, Mohammed Idris, Chairman Senate Committee on Solid Minerals Development; Sen. Ekong Samson, Chairman House of Representatives Committee on Solid Minerals; Hon. Jonathan Gaza Gbefoi; Hajiya Hadiza Bala Usman, Special Adviser to the President on Policy Coordination, among others.

Nov

19

2024

BI-LATERAL RELATION: INDIAN BUSINESS INVESTORS VISIT MINISTRY ON STEEL SECTOR DEPARTMENT

The Minister of Steel Development, Prince Shuaibu Abubakar Audu, noting the huge potentials in the Steel Sector, disclosed that the country is happy to explore various aspects of investment and is keen to work with the Indian community, this happened when the Indian Business Investors paid a  visit to the Ministry’s Headquarters on Monday 18th November 2024 to find ways to deepen bi-lateral relations with the country on the development of the steel sector.

On her part, Rekha Sharma, leader of the delegation proposed setting up working groups to look into areas of investments as well as organizing a Nigerian-Indian Road Show in India to showcase the vast opportunities in the Nigerian Steel Sector to India investors.

Oct

30

2024

MINISTER OF STEEL DEVELOPMENT WOOS FOREIGN INVESTORS TO STEEL, METALS SECTOR AS NIGERIA PARTICIPATES IN INTERNATIONAL MINING CONFERENCE IN AUSTRALIA

….says Nigeria Remains Prime Investment Destination in Africa

As the Federal Government moves to attain a vibrant steel and metals sector, the Honourable Minister for Steel Development, Prince Shuaibu Abubakar Audu, has called on global players in the sector to choose Nigeria as a prime investment destination in Africa.

Prince Audu made the call while speaking at the ongoing International Mining and Resources Conference (IMARC) holding in Sydney, Australia, from October 29 to October 31, 2024, highlighting the huge benefits of investing in Nigeria under the Renewed Hope Agenda of President Bola Ahmed Tinubu GCFR.

The Honourable Minister, who led a team from the Ministry of Steel Development, which included the Permanent Secretary, Dr. Chris. Osa Isokpunwu and other directors to the conference, is also meeting with top officials of the Australian government and chief executives of industry players on the sidelines to source funding for Nigeria’s Steel and Metals Sector.

Delivering a presentation themed “The Nigerian Metallurgical Industry: An Unfolding Frontier of Global Investment Haven," Prince Audu stated that this was the first time in the country’s history that the government has established a ministry with a sole focus on the steel industry, noting that in August 2023, President Bola Ahmed Tinubu GCFR established the Ministry of Steel Development to serve as a catalyst to fast-track Nigeria’s industrialisation process and significantly contribute to the Gross Domestic Product (GDP) of the country for sustainable economic growth.

The Honourable Minister stated that since the creation of the Ministry in just one year, a lot has been achieved in the sector, and most importantly, creating an enabling environment with incentives for foreign investments to thrive in the country.

Highlighting why Nigeria is the key destination for steel investment, Prince Audu stated that lying underneath the nation’s soil are vast raw material reserves: Iron Ore, Dolomite, Coal, Limestone, Manganese, Nickel, and other resources, adding that Nigeria was strategically located in Africa, thus providing access to domestic and regional market place.

“We are gathered here not only to discuss challenges and opportunities within our global marketplace but also to showcase the immense potential that Nigeria holds as a prime destination for investment. As one of Africa's largest economies, Nigeria is rich in natural resources and possesses a youthful, dynamic population eager for innovation and growth. Our strategic geographic location serves as a gateway to the vast markets of both Africa and beyond.

“The current administration of President Bola Ahmed Tinubu GCFR which is driving a Renewed Hope Agenda in the country has created an enabling business environment and undertaken bold reforms to engender industrial growth such as: Tax Holidays, Rural Location Incentives, Export Expansion Grants (EEG) Scheme, Gas Utilization Incentives, Investment Allowances, as well as put in place zero-duty on imported mining and steel spare parts machines.

“Investing in Nigeria is not just a possibility but a strategic choice that presents lucrative opportunities for investors and stakeholders alike. From our robust resources and advancing infrastructure to our commitment to sustainable development and technology adoption, Nigeria stands ready to be your partner in success.

“Let us embark on this journey together as we explore the vast potential that lies within our earth and tap into the remarkable opportunities that awaits you in Nigeria,” Minister Audu stated.

The International Mining and Resources Conference (IMARC) is Australia’s largest mining event, connecting global mining and steel sector leaders.

Oct

18

2024

STEELS DEVELOPMENT: Minister Receives President of Chinese Company, Inner Galaxy Steel Group and Chief Executive, Stanbic IBTC Bank PLC

..as Steel Company Commits $300 million to New Steel Plant in Nigeria

The Honourable Minister of Steel Development, Prince Audu has received a delegation of Chinese Company, Inner Galaxy Steel Company Limited who has committed to investing about $300 million to set up a new Steel Plant for the production of specialised steel products in Ogun State, Nigeria. This is as the country moves towards diversifying its economy under the Renewed Hope Agenda of the present administration.

Prince Audu while receiving the delegation in the company of the Permanent Secretary of the Ministry, Dr. Chris Osa Isokpunwu, with other Directors, alongside the Chief Executive Officer of Stanbic IBTC Bank PLC, Mr. Wole Adeniyi and his team on Wednesday, October 16, 2024, in the Ministry's Headquarters in Abuja, described the move as a welcomed development, stating it shows the Group's confidence in the leadership of President Bola Ahmed Tinubu to turn the fortune of the nation around through the Steel Sector.

The Honourable Minister assured them of the Federal Government's support in creating an enabling environment and providing other fiscal incentives for their sustainable operation in Nigeria, adding that the Ministry will review the proposal of the Company as well as involve relevant Government authorities for concessionary benefits within the current operational framework so as to facilitate the proposed foreign direct investment.

In his remarks, the Permanent Secretary of the Ministry, Dr. Chris Osa Isokpunwu lauded the new investment interest of the Chinese Company, noting that the Honourable Minister is keen on driving the steel revival efforts of Mr. President.

Dr. Isokpunwu, reiterating the trust in the expertise of the Chinese, stated that he expects Inner Galaxy Group to follow through with their promises by investing in local manufacturing and not becoming a transit point for steel importation.

Earlier, President of the Inner Galaxy Group Mr. Li stated that the Group, which has been in operation in Nigeria for over twenty years with current investments in Steel production in excess of $1 billion is seeking the cooperation of the Ministry to facilitate a further investment of $300 million for the establishment of a new Steel Plant in Nigeria for the production of specialised steel products like plates, angles, beams, and stainless products amongst others.

Mr. Li noted that the investment is expected to increase the steel production output of the country, reduce Nigeria’s reliance on imported specialised steel products and conserve scarce foreign exchange with attendant employment generation opportunities—both direct and indirect employment estimated at about 10,000 with other multiplier effects in the economy.

Also, Mr. Wale Adeniyi, CEO of Stanbic IBTC Bank, while speaking, assured the Ministry of the Bank's readiness to support the numerous initiatives of the Ministry, especially the proposed Industrial Park with a Free-Trade Zone and CNG Park at Ajaokuta Steel Territory.

Sep

27

2024

THE HONOURABLE MINISTER OF STEEL DEVELOPMENT, PRINCE SHUAIBU AUDU, RECEIVED THE AUSTRALIAN HIGH COMMISSIONER TO NIGERIA, MS. LEILANI BIN-JUDA PSM, IN HIS OFFICE TODAY

They discussed how to explore opportunities between Australia and Nigeria in the Metallurgical Industry as well as to conclude plans by the Hon. Minister to engage top Australian government officials and Business Executives during the Minister's upcoming trip to Sydney, Australia, where he will be representing Nigeria at the International Mining and Resources Conference Week taking place in October 2024.

Sep

20

2024

HONOURABLE MINISTER, STEEL DEVELOPMENT, PRINCE SHUAIBU ABUBAKAR AUDU SIGNS HISTORIC MEMORANDUM OF UNDERSTANDING (MOU) WITH RUSSIAN CONSORTIUM LED BY TPE AND INCLUDING NOVOSTAL M AND PROFORCE MANUFACTURING LIMITED FOR THE REHABILITATION, COMPLETION AND OPERATION OF AJAOKUTA STEEL COMPANY LIMITED AND NATIONAL IRON ORE MINING COMPANY LIMITED

The Honourable Minister of Steel Development, Prince Shuaibu Aubakar Audu who led a Nigerian delegation to Moscow, Russia from 14th – 21st September, 2024 has signed a Memorandum of Understanding (MoU) with the original builders of Ajaokuta Steel Plant Messrs, Tyazhpromexport (TPE) and members of their consortium namely; Novostal M and Proforce Manufacturing Limited for the Rehabilitation, Completion and Operation of Ajaokuta Steel Plant (ASP) and National Iron Ore Mining Company (NIOMCO) in Kogi State, Nigeria.

The process leading to this milestone achievement under the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR started in July, 2023 when the Federal Government of Nigeria represented by His Excellency, the Vice President, Senator Kashim Shettima, GCON at the sidelines of meeting of the Russia – Africa Summit at Saint Petersburg called on the Russian Federation to redeem the Steel project which has been comatose for over four and half decades as directed by President Tinubu.

This call has now been accepted by the Russian Federation through a consortium led by Messrs, TPE following the visit of their experts to the Steel Plant in Ajaokuta and the Iron Ore Mining site at Itakpe in August, 2024 for preliminary inspections leading to the invitation for the signing of the Memorandum of Understanding.

The Honourable Minister of Steel Development was accompanied on this important trip by the Permanent Secretary of the Ministry, Dr. Chris Osa Isokpunwu, the Sole Administrator of Ajaokuta Steel Company Limited, Engr. Sumaila Abdul-Akaba, the Acting Sole Administrator of National Iron Ore Mining Company, Itakpe, Engr. Loto Festus Isinmidun, the Acting Director of Steel & Non-Ferrous Metals department of the Ministry, Mr. Umar Adamu Tsoho and his Technical Adviser, Mr. Anekwe Patrick Chinwuba.

The Minister who is driving Mr. President’s mandate for the revitalization, completion and operation of Ajaokuta Steel Plant (ASP) and National Iron Ore Mining Company (NIOMCO) said this is a bold step towards creating a sustainable base for the industrialization of the Nigeria economy.

During the visit, the Nigerian delegation met with the Deputy Minister of Industry and Trade of the Russian Federation, Mr. Alexey V. Gruzdev and the consortium led by TPE who assured the Nigerian Delegation of the readiness of the Consortium to meet the expectations of the MoU with the Nigerian Government. 

The Permanent Secretary, Dr. Chris Osa Isokpunwu in his remark affirmed the commitment of the Nigerian Government to revamp the Ajaokuta Steel Project and National Iron Ore Mining Company, Itakpe.

The Nigerian delegation led by the Honourable Minister of Steel; Prince Shuaibu Abubakar Audu also inspected the facilities of Messrs. Novostal M located in Balakovo in the Saratov region. 

The Plant which was in full operation during the visit has an Electric Arc Furnace capacity of 1.2Million metric tonnes of Steel products per annum with a staff strength of 3,900 workers. 

The team also inspected the private port facility of the company through which they receive different raw materials for their operations.

The President of Metallurgical Holding, “Novostal – M” Demchenko Ivan Ivanovich assured the delegation of their readiness to submit a detailed proposal for the project after the comprehensive audit of the Plant. 

The General Director of Messrs. TPE, Mr. Egorov Sergei Anatolevich and the Group Managing Director of Proforce Manufacturing Limited, Mr. Adetokunbo Ogundeyin assured the Nigerian delegation of their commitment to the project because of its critical role in the overall economic development of Nigeria and requested for the provision of enabling environment by the Nigerian Government.

The parties expressed their optimism that the full implementation of the MoU will facilitate the revival of both ASCL and NIOMCO and could create over 500,000 direct and indirect jobs for Nigerians and increase the size of the economy by billions of dollars thus contributing immensely to President Tinubu’s desire to grow the economy to over $1trillion by 2030. 

The revival of the Steel sector will also reduce importation of Steel products into Nigeria which is estimated at over $4billion annually and will help save scarce foreign exchange.

Aug

23

2024

MINISTER OF STEEL DEVELOPMENT, PRINCE SHUAIBU ABUBAKAR AUDU, PAYS COURTESY VISIT TO GOV. SIMINALAYI FUBARA IN PORT HARCOURT

…Attends Night of Tribute for mother of Mr. Atedo Nari Atowari Peterside

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, paid a courtesy visit to the Governor of Rivers State, His Excellency, Siminalayi Fubara, at the Rivers State Government House, Port Hacourt on Thursday, August 22, 2024, while on a visit to the state.

Prince Audu, who was in Port Harcourt to attend the burial ceremony of the late Princess Patricia Gboloba Awune Peterside (nee Bob-Manuel), mother of Mr. Atedo Peterside CON, Founder of Stanbic IBTC Bank PLC, thanked the Governor for the hospitality accorded to him and his team.

The Honourable Minister lauded Gov. Fubara for the infrastructural as well as other developmental projects he has carried out in the state within one year and his support for the Renewed Hope Agenda of President Bola Ahmed Tinubu GCFR in transforming Nigeria.

Attending the night of tribute of the late Princess Patricia Peterside, the Honourable Minister commiserated with the entire Peterside family over the loss of their matriarch, urging them to take solace in the fact that she lived a long and fulfilled life and bearing children that have contributed immensely to the development of Nigeria both in private and public service.

Prince Audu, in his tribute, said that although he never met the late Princess Peterside before her passing, he was aware of her diligence and dedication to duty, a trait she instilled in her son, Mr. Atedo Peterside, who played a significant role in his life as his first employer and mentor at Investment Banking & Trust Company Limited (later Stanbic IBTC Bank PLC).

The Honourable Minister added that working under Mr. Peterside gave him the opportunity to benefit from all the virtues the late Matriarch instilled in his boss, which have been very helpful in enabling him deliver on his mandate as a Minister of the Federal Republic of Nigeria through professionalism, corporate governance and attention to detail amongst others.

Prince Audu prayed for God Almighty to grant the deceased eternal rest and paradise.

In attendance at the event were: His Majesty, Dr. Disraeli Gbobo Bob-Manuel, Paramount Ruler of Abonnema Kingdom, Rivers State; Mr. Dakuku Peterside, former Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Tonye Cole, Co-Founder and former Group Executive of Sahara Energy and 2023 Rivers State All Progressives Congress (APC) Gubernatorial Candidate; Mrs. Sola David-Borha, former CEO, Standard Bank Africa and Stanbic IBTC Holdings; Mr. Yinka Sanni, CEO, Standard Bank Africa as well as the Peterside family. Others were Justice Funmilayo Atilade, former Chief Judge of Lagos State, among many other dignitaries.

Jul

25

2024

MINISTER OF STEEL DEVELOPMENT MEETS CHIEF EXECUTIVE, PRESIDENTIAL CNG INITIATIVE

...Discuss operational modalities of setting up a CNG Park within the prospective Ajaokuta Industrial Park

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu met with Engr. Michael Oluwagbemi, Program Director/Chief Executive Officer, Presidential Compressed Natural Gas Initiative (P-CNGI) in Abuja on Wednesday to discuss setting up a CNG park within the Ajaokuta Industrial Park.

Prince Audu reemphasised the fact that one of the paramount objectives of President Bola Ahmed Tinubu GCFR, under the 'Renewed Hope Agenda’ is the CNG Initiative, which is very critical following the removal of petroleum subsidies, and would reduce transportation costs by at least 40 percent.

The Honourable Minister said that the Ministry of Steel Development is collaborating with the P-CNGI to set up a CNG park within the proposed Industrial Park in Ajaokuta which is underway, to drive the CNG initiatives of Mr. President.

“Mr. President has given a mandate that he wants a minimum of one million CNG vehicles on the road by 2027. So, there is a lot of work that needs to be done, and everything that we need to partner with the federal government under the CNG initiative are available in Ajaokuta.

“One of the things we are also doing is the industrial park in Ajaokuta, where various categories of companies will be under the industrial park within Ajaokuta. So, the CNG park will be one of the many components of the soon-to-be Ajaokuta Industrial Park.

“Everything to actualize the CNG initiative and conversions are available in Ajaokuta, and so plugging in the CNG initiative is very viable; there is gas there, an engineering workshop is there, and a tools workshop to facilitate the construction or assemblies of the kits is also there.

“Mr. President is indeed very excited about this initiative and the partnership between the Ministry and the P-CNGI, which drives the plans of industrialising Nigeria, diversifying and growing the economy, and creating jobs under the renewed initiatives,” Prince Audu said.

The Honourable Minister of Steel Development commended Engr. Olugbemi for the excellent job he is doing in actualizing the CNG initiative of Mr. President.

Mr. Olugbemi said that the Steel Industry is an absolute necessity for the actualization of the CNG initiative, adding that steel components are at the very heart of the project.

Olugbemi said that establishing the CNG park in Ajoakuta will be an evolution from importing some of the components to manufacturing them. This, he further explained, will address some of the challenges with transporting the CNG components into the country.

“The journey with the Ministry of Steel Development was critical from day one, and Ajaokuta is a hub with access to raw materials.

We have hit the ground running already and are optimistic about excellent collaborations with the Ministry,” Olugbemi said.

The Permanent Secretary of the Ministry, Dr. Chris Osa Isokpunwu lauded the initiative commending the partnership between the Ministry and P-CNGI, pledging the support of the Ministry and its team.

Engr. Sumaila Abdul- Akaba, Sole Administrator, Ajaokuta Steel Company Limited said that the project was a welcome development to Ajaokuta especially in the revival phase of the company.

He assured P-CNGI of the cooperation of the steel company In bringing to fruition the realization of the project.

May

08

2024

WE WILL MAKE NIGERIA’S STEEL SECTOR WORK -PRINCE SHUAIBU ABUBAKAR AUDU

In a bid to harness the nation’s steel for economic growth and achieve its mandate of revitalising the nation’s Steel Sector to meet both local and international consumption, the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu who is on a Two-Day Working tour of KAM Holdings Ltd to encourage them as well as address pertinent challenges they may be facing, disclosed that the Ministry, under his watch, will actualise the revival of the Steel Sector and make it work.

During his courtesy visit to the Executive Governor, His Excellency, AbdulRahman Abdulrazaq in Ilorin, Kwara State on Tuesday 7th May 2024, Prince Audu noted that the “Renewed Hope Agenda” of the Present Administration is committed towards ensuring that the nation’s steel sector begin to work and utilized to revitalise the economy for the growth of the Gross Domestic Product (GDP) of the nation.

The Honourable Minister expressed the Ministry’s willingness to support indigenous Steel Companies across the country to produce optimally to meet both local and international consumption. He said “we are here to show support to indigenous Steel Companies that can help provide millions of jobs for Nigerians. The Steel Sector when properly harnessed, can provide large scale jobs for the people and industrialize the country”.

He further noted that aside from wooing foreign investors, the Ministry is committed to helping the indigenous companies grow to meet international best standards, adding that it was high time we ensured that “Nigeria is working for Nigerians”.

In his remarks, the Executive Governor of Kwara State and Chairman of Nigeria’s Governors’ Forum, AbdulRahman Abdulrazaw, noted that the Minister’s visit shows his commitment towards attaining the mandate of the Ministry. He noted that the visit will afford the Minister to get the true facts in moving the sector forward.

The Governor entreated the Ministry to consider KAM Holding Ltd should it need the input of an indigenous Steel Company to partner in the revival of the Ajaokuta Steel Company, adding that making Ajaokuta work is the albatross that would untie industrialization of the country. He said, “without getting the Steel Sector right, Nigeria cannot be industralized”.

In her welcome address, the Vice Chairman, Kam Holding Ltd, Dr. Iyadunni Bolanle Yusuf, revealed that in the past, the Steel Sector was dominated by foreign owned companies until KAM Holding Ltd came on the scene, noting that KAM Holding Ltd is home to manufacturing companies of Liquid, Iron and Steel Products that are wholly owned by Nigerians.

Dr. Iyadunni Bolanle Yusuf appealed to the Ministry to ensure it protects the indigenous Steel manufacturing sector as it plays a critical role in the growth and development of the country by providing materials for building infrastructures, automobiles, engineering, defense as well as being the bedrock of industrialization.

The Honourable Minster also paid a courtesy visit to the Emir of Ilorin, Ibrahim zulu-Gambari.

Mar

21

2024

MINISTRY OF STEEL DEVELOPMENT COMMITTED TO DELIVER ON MANDATE- MINISTER

The Minister of Steel Development, Prince Shuaibu Abubakar Audu has assured Nigerians of the Ministry’s commitment to deliver on President Bola Ahmed Tinubu’s Key Priority of growing the Gross Domestic Product (GDP) of the country for sustainable economic and infrastructural greatness through the Steel Sector.

The Minister gave this assurance while delivering his keynote address at the 2-Day Ministerial Management Retreat Organised by the Ministry to chart a course for achieving its Presidential Priorities held on Thursday 21st- Friday, 22nd of March, 2024 in Abuja.

According to him, the reviewed Presidential 8-Key Priorities has the Steel Sector as focal point for driving the economic development of the country. “A critical evaluation of the eight (8) Point Agenda suggests the critical place of the Steel sector in the realization of these goals especially in the areas of industrialization, manufacturing and unlocking the natural resources potentials of the country”.

Speaking further, Prince Audu, while giving an overview of the steel industry from conceptualization in 1958, stated that despite the ugly history of Steel Development in Nigeria in the past four decades, the President Bola Ahmed Tinubu’s administration has shown willingness to address the protracted challenges facing the industry. According to him, the creation of Ministry of Steel will give direct focus to the sector for it to become the bedrock of industrialization of the Nigeria economy.

In his remarks, the Minister of State of the Ministry, His Excellency, Uba Maigari Ahmadu, stated that the Retreat will afford the Management Staff the opportunity to dissect each of the eight key priorities of the administration and explore ways to translate them into actionable strategies for the Ministry.

He noted that the retreat will offer the valuable opportunity to: Deeply understand how each of the eight priorities intersects with the steel industry; Develop a comprehensive Roadmap that will align to the Ministry’s strategies with the Eight Presidential Priority areas; Identify Key Performance Indicators (KPIs) to measure progress and ensure accountability; Formulate Actionable Plans with realistic timelines and resource allocation for each priority area; Foster collaboration between the Ministry, the National Assembly, and stakeholders across the industry, among others.

He urged members to actively participate, share insights, and engage in constructive dialogue, open discussions, brainstorming sessions, adding that participants should use the opportunity to make a tangible difference for the steel industry and for the nation.

Delivering her welcome address, the Permanent Secretary, Ministry of Steel Development/Ministry of Solid Minerals Development, Dr. Mary A Ogbe, stated that the theme of the retreat, “Delivering on the Eight Presidential Priorities,” aligns perfectly with the Ministry’s goal of ensuring the optimal utilization of the country’s steel resources for the overall benefit of the nation and its citizens. She implores participants to actively engage in the deliberations and contribute constructively towards charting a path forward for the steel industry that will propel the nation towards a brighter and more prosperous future.

Also speaking at the event, the Chairman, Senate Committee on Steel Development, Sen. Patrick Ndubueze, reiterated the importance of the Ministerial Management Retreat as it offers an avenue for stakeholders to brainstorm, propose as well as propound ways to move the sector forward and harness the benefits for economic development of the country.

Earlier, in his goodwill message, Chairman, House Committee on Steel Development, Dr. Zainab Gimbal, represented by the Deputy Chairman, Hon. Yusuf Umar Datti, stated that the House Committee attaches great significance to the development of the steel sector, as it would provide about five thousand (5000) direct and indirect jobs for Nigerians when optimally developed.

Mar

05

2024

SKILL ACQUISITION CRITICAL FOR INDUSTRIAL DEVELOPMENT- MAIGARI AHMADU

The Honourable Minister of State, Ministry of Steel Development, His Excellency Uba Maigari Ahmadu has stated that the promotion of skill acquisition is essential in propelling the industry forward, enhance human capital for economic growth, create employment opportunities as well as strengthen the Continent’s industrial fabric.

The Honourable Minister made this statement on Tuesday, 5th March, 2024 at the 2nd Annual Assembly and International Welding Federation Africa Conference holding in Lagos, Nigeria.

Delivering the opening remarks, the Minister stated that the Conference represents a significant milestone in the collective efforts to promote excellence and innovation in the field of welding across the African continent that will enhance advanced welding technologies, foster collaboration and drive sustainable development in the region as well as promote knowledge exchange and best practices in the industry.

According to him, it was in recognition of the importance of the future of welding in Africa for industrial and economic growth that President Bola Ahmed Tinubu, launched the National Welding Policy in 2023.

He stated that: “I am reminded of the visionary leadership of President Bola Ahmed Tinubu, GCFR and his steadfast commitment to advancing the welding sector under the Renewed Hope Agenda. President Tinubu’s National Welding Policy, launched in December 2023 exemplifies a strategic approach to leveraging our natural resources and human capital to drive economic growth, create employment opportunities, and enhance industrial competitiveness. Central to President Tinubu’s welding policy is the recognition of the critical role played by training and skills development in building a skilled workforce capable of meeting the demands of a rapidly evolving industry”.

Speaking further, Ahmadu disclosed that the Metallurgical Training Institute NMTI Onitsha, an institution dedicated to equipping youths with the requisite skills and knowledge in welding and metallurgy has a pivotal role to play in achieving excellence in welding education as it offers state-of-the-art facilities, world-class training programmes with expert faculty members, adding that through its innovative curriculum and hands-on learning approach, the institute is empowering youths with the practical skills and technical expertise needed to excel in the welding profession.

The Minister assured of the Nigerian Government’s firm commitment to work hand-in-hand with Welding Federation Africa to explore partnerships in the areas of: Modernizing welding training infrastructure with cutting-edge technology and equipment; Developing industry-aligned curriculum that equips graduates with the skills demanded by the modern workforce; Establishing international certification programmes to ensure the quality and mobility of our welding professionals; Investing in targeted outreach programmes to encourage young Nigerians, particularly women and those in underserved communities, to pursue careers in welding; Promoting the economic viability of the welding profession by creating attractive career paths and offering competitive compensation, among others.

He commended the Welding Federation Africa for its tireless efforts in promoting excellence and collaboration in welding across Africa and urged stakeholders to seize the opportunities afforded by the Conference to forge partnerships, share knowledge, and chart a course towards advancement of welding and joining science for a safer and prosperous future for the welding industry in Africa.

Speaking at the event, the Permanent Secretary, Ministry of Industry, Trade and Investment, Amb. Nura Abba Rimi, represented by Director Industrial Development, Muhammad Bala, stated that the the Ministry is committed towards implementing Strategic Policies to enhance the fabrication of machineries and equipment, aligning with the evolving landscape of materials manufacturing technologies. Adding that the theme, “Materials Manufacturing Technologies: Managing Capacity in Africa,” deeply reflects the essence of the Ministry’s ongoing efforts to manage and expand manufacturing capacity within Africa.

He revealed that the Ministry has entrusted the Industrial Training Fund (ITF) with a strategic order, aimed at prioritizing and expediting welding skills development initiatives, stating that the ITF, is dedicated to stimulating skills, improving productivity, and fostering value-added production. He enjoined the Welding Federation (TWF) to collaborate with the Industrial Training Fund (ITF) in order to access funds, noting that by joining forces, stakeholders can collectively address the pressing issue of the skills gap in welding-related industries in Nigeria.

Earlier, the Chairman of the Welding Federation (TWF) Conference Management Committee, Dr. Austen Timi Peters stated that the Federation, fully developed will shore up Forex and contribute to the growth of the economy, stating that, developing welding skills “can take unemployed youths off the streets”.

Other speakers at the event includ; the Chairman, Petroleum Technology Association (PETAN); President, Council of Regulation of Engineering in Nigeria (COREN); President, international Institute of Welding with Delegates from all over Africa.