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A five-year plan for Nigeria’s steel sector will soon unfold- Audu

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By Victoria Onehi

The Minister of Steel Development Prince Shaiubu Abubakar Audu has said the  core of the ‘Renewed Hope Agenda’ is the revitalisation of the steel industry in Nigeria.This he said prompted the creation of the Ministry of Steel Development by Mr. President in August 2023.

In a New Year message signed by the Minister, he said 2024 presents a new and unique opportunity for the industrialisation of Nigeria and the revival of the steel industry, with steps already being taken towards achieving these goals across the country.

“A roadmap will be designed in early 2024 for the resuscitation of the steel industry: a five-year plan for Nigeria’s steel sector revival and a three-year plan for the Ajaokuta steel plant.

“Our goal is to create over 500,000 jobs for Nigerians within an operational steel industry before the end of President Bola Ahmed Tinubu GCFR 2nd term in office. This particular vision is already being realised, with close to 200 youths already engaged in the steel industry across the country in my first 4 months in office. More will be done in this regard.”Audu disclosed.

Audu said the Ministry of Steel Development is working assiduously to create a favourable operating environment for investors (both local and foreign).

“International investors have shown firm commitments to invest billions of dollars in developing Nigeria’s steel industry and building new plants following President Tinubu’s efforts to secure investments for the steel industry in Nigeria at gatherings of World Political and Business Leaders including the recently held G20 summit in Dehli, India.” He disclosed.

The Minister thanked President Bola Ahmed Tinubu GCFR for giving him the opportunity to serve this great country, Nigeria. A lot of work needs to be done to revive a challenging and ailing industry, and by the special grace of God, we will rise to the occasion in delivering the President’s vision for the Steel Industry in Nigeria. I wish you all a happy and prosperous 2024 filled with good health, peace, and progress.

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