Email: info@steel.gov.ng
Call: 234-(0)- 703 592 2055
MINISTRY OF
STEEL DEVELOPMENT (MSD)
Federal Republic of Nigeria

PUBLIC ANNOUNCEMENT

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

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

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

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

 

PHOTO NEWS

Oct
15
2025

SHAPING THE FUTURE OF NIGERIA’S METALS & MINERALS SECTOR AT THE 2025 NIGERIA MINING WEEK

Honourable Minister of Steel Development, Shuaibu Abubakar Audu

Click To View More Pictures

PHOTO NEWS

Oct
29
2025

COURTESY VISIT OF THE VENEZUELAN AMBASSADOR TO NIGERIA, ALBERTO CASTELLAR PADILLA TO THE HONOURABLE MINISTER, PRINCE SHUAIBU ABUBAKAR AUDU

The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, the Venezuelan Ambassador to Nigeria, Alberto Castellar Padilla.

Click To View More Pictures

Our Agencies