President Bola Ahmed Tinubu-led administration is committed to reviving Nigeria’s steel sector as a key driver for industrial growth, job creation, and economic development in 2026, the Minister of Steel Development, Prince Shuaibu Abubakar Audu, has declared.
This reaffirmation was contained in the minister’s new year’s message released to newsmen in Abuja on Friday.
Audu noted that though the new year offers an opportunity for reflection, he promised a renewed commitment and collective resolve to advance the nation’s steel development agenda.
He added that in 2026, the ministry will focus on translating reforms into measurable production outcomes, strengthening local content, creating sustainable jobs, and positioning the steel sector to support national development.
Recalling the achievements of 2025, the minister said deliberate and conscious efforts were made in the year to reposition the steel industry through policy reforms, improved institutional frameworks, and sustained engagement with critical stakeholders across the sector.
READ ALSO; Why I walked away as Finance Minister – Kemi Adeosun
Acknowledging the fiscal challenges faced during the year, particularly the non-release of funds for the 2025 budget, the minister stressed that the ministry sustained momentum through prudent use of 2024 appropriation and policy-driven interventions.
He then highlighted some of the major milestones recorded to include 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.
The minister also reaffirmed the Federal Government’s commitment to the revitalisation of the Ajaokuta Steel Complex, emphasizing the ongoing engagements with prospective investors to ensure the completion and operationalization of the facility.
Audu also cited the facilitation of significant investments by the ministry aimed at improving energy supply and boosting steel production, including plans for mini-LNG plants within the Ajaokuta Steel Territory.
The minister noted the growing confidence in the sector by local and international investors, with the springing up of new steel projects, the expansion of existing plants, and fresh commitments to rehabilitate key national metallurgical assets.
On human capital development, 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.
