Minister of Steel Development, Prince Shuaibu Abubakar Audu, has reaffirmed the Federal Government’s commitment to reviving Nigeria’s steel sector as a key driver of industrial growth, job creation, and economic development in 2026.
In his New Year message to Nigerians at home and in the diaspora, the Minister said the beginning of the year offers an opportunity for reflection, renewed commitment, and collective resolve to advance the nation’s development agenda.
Prince Audu noted that 2025 marked an important phase in efforts to reposition the steel industry through policy reforms, improved institutional frameworks, and sustained engagement with critical stakeholders across the sector.
He acknowledged the fiscal challenges faced during the year, particularly the non-release of funds for the 2025 Budget, but stressed that the Ministry sustained momentum through prudent use of the 2024 Appropriation and policy-driven interventions.
According to the Minister, major milestones included the successful hosting of the inaugural National Steel Summit, which brought together stakeholders to chart a new path for the revival of Nigeria’s steel industry.
On the Ajaokuta Steel Complex, Prince Audu said the Federal Government remains committed to its revitalisation, noting ongoing engagements with prospective investors to ensure the completion and operationalisation of the facility.
He added that the Ministry facilitated significant investments aimed at improving energy supply and boosting steel production, including plans for mini-LNG plants within the Ajaokuta Steel Territory.
The Minister also highlighted growing investor confidence in the sector, citing new steel projects, the expansion of existing plants, and fresh commitments to rehabilitate key national metallurgical assets.
On human capital development, Prince Audu disclosed that the Ministry employed over 200 steel-sector experts and trained more than 700 youths nationwide to bridge skills gaps and support industrial growth.
Looking ahead to 2026, the Minister said the focus will be on translating reforms into measurable production outcomes, strengthening local content, creating sustainable jobs, and positioning the steel sector to support national development.
