The Federal Government has reaffirmed its commitment to revitalising Nigeria’s steel sector as a key engine for industrial growth, job creation, and national development in 2026, the Minister of Steel Development, Prince Shuaibu Audu, has declared.
Delivering his ministerial New Year message to journalists in Abuja on Friday, Audu described 2026 as a year to translate reforms into measurable production outcomes, strengthen local content, generate sustainable employment, and position the steel industry to support broader economic development.
Reflecting on 2025, the Minister noted that deliberate efforts were made to reposition the sector through policy reforms, improved institutional frameworks, and sustained engagement with stakeholders, despite fiscal challenges, including delays in the release of the 2025 Budget.
He emphasized that the Ministry maintained momentum through prudent use of the 2024 Appropriation and policy-driven interventions.
Among the milestones achieved last year was the successful hosting of the inaugural National Steel Summit, which convened industry stakeholders to chart a new course for the revival of Nigeria’s steel industry.
Audu also reiterated the Federal Government’s commitment to completing and operationalizing the Ajaokuta Steel Complex through ongoing engagements with prospective investors.
The Minister highlighted additional initiatives, including facilitating investments to improve energy supply and steel production, such as plans for mini-LNG plants within the Ajaokuta Steel Territory, which have attracted growing confidence from both local and international investors.
He noted the emergence of new steel projects, the expansion of existing plants, and renewed efforts to rehabilitate key national metallurgical assets.
(The Nation)
