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
 

STRENGTHENING NIGERIA–KINGDOM OF SAUDI ARABIA BILATERAL COOPERATION IN STEEL DEVELOPMENT

Prince Shuaibu Abubakar Audu (R), Minister of Steel Development with Migren Al Maliki (L), Representative of the Kingdom of Saudi Arabia Foreign Trade for West Africa and Morocco during a courtesy visit to the Ministry's Headquarters on the 26th of November 2025 in Abuja

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HONOURABLE MINISTER OF STEEL DEVELOPMENT, PRINCE SHUAIBU ABUBAKAR AUDU DURING THE LAUNCH OF THE ENTERPRISE CONTENT MANAGEMENT SYSTEM (ECMS) FOR THE MINISTRY OF STEEL DEVELOPMENT

Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu during the launch of the Enterprise Content Management System (ECMS) for the Ministry of Steel Development

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