FG, Stellar Steel Sign $400m Deal to Boost Local Steel Production The Federal Ministry of Steel Development has signed a Joint Strategic Cooperation Declaration with Stellar Steel Company Limited. Stellar Steel Company Limited is a steel-manufacturing enterprise established to operate in Nigeria, with major investment backing from Chinese parent groups: Galaxy Group and RSIN Group based in Fuzhou, Fujian Province, China. The company has committed approximately US$450 million for a steel plant project in Ogun State, Nigeria, scheduled to begin operations by mid-2026. This landmark partnership is aimed at revitalizing Nigeria’s steel industry and reducing the nation’s dependence on imported steel products. The agreement, signed in Abuja, on Tuesday 28th October, 2025 will see Stellar Steel invest $400 million in the construction of a modern Steel Plant in Ewekoro, Ogun State. The project will be developed in three phases, with the first phase expected to begin production by 2026. The Honorable Minister of Steel Development Prince Shuaibu Abubakar Audu signed the agreement when he hosted Mr. Li, President of Inner Galaxy Group and other members of the Stellar Steel Company Limited in the Ministry's Headquarters in Abuja. According to Prince Audu, the collaboration aligns with the Federal Government’s goal of achieving 10 million tonnes of crude steel production per annum by 2030, a major step toward industrial self-reliance and economic diversification. The Honorable Minister further stated that the Federal Ministry of Steel Development will facilitate policy and infrastructure support, including inclusion of Stellar Steel’s logistics projects in the National Infrastructure Plan and access to available fiscal incentives. Highlights of the Cooperation includes; 1.Development of a localized iron ore supply chain to reduce import dependence and save over $1 billion in foreign exchange annually. 2. Creation of more than 2,000 direct and 20,000 indirect jobs across the steel value chain. 3. Promotion of green steel production using clean and energy-efficient technologies. 4. Strengthening of Nigeria’s position as a regional steel manufacturing hub in West Africa. He also stated that in return, Stellar Steel will prioritize local recruitment and training, partnering with Nigerian universities to build technical and managerial expertise in steel production. Prince Shuaibu emphasized that this strategic cooperation marks a new era for Nigeria’s steel industry and demonstrates the government’s commitment to sustainable industrial growth and economic transformation. In his remarks the leader of the delegation, Mr. Li assured the Honourable Minister that Stellar Steel Company Limited will respect all agreements reached and will ensure the completion of the project in record time and assured that all safety standards will be observed. Mr. Li was accompanied during the visit by Mr. You Xiastian, Vice Chairman of RSIN Group, Mr. Jackie Den, Vice President of Inner Galaxy Group and Mr. Yin, Director of RSIN Group. He recalled that the Honourable Minister of Steel Department, Prince Shuaibu Abubakar Audu, performed the groundbreaking ceremony of the Steel Plant in Ogun State sometime in April, 2025. Speaking at the signing, representatives of both parties emphasized that the partnership would strengthen Nigeria’s industrial base, create jobs, and foster technology transfer in the sector.
Vision
“To have a virile sustainable and inclusive steel industry that can compete globally and be driving for industrial and economic growth of our country while maintaining internationally acceptable standard”
Mission
“To ensure industry and Government strengthen the capability and competitiveness of Nigeria steel industry to achieve self sufficiency in steel production by providing policy support and guardian and to help mitigate potential challenges and barriers that are preventing the growth of Nigeria steel industry”
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.
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.
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
SHAPING THE FUTURE OF NIGERIA’S METALS & MINERALS SECTOR AT THE 2025 NIGERIA MINING WEEK
Honourable Minister of Steel Development, Shuaibu Abubakar Audu
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.