Democracy Newsline NewspaperDemocracy Newsline Newspaper
  • Home
  • Politics
    Politics
    Show More
    Top News
    In Rivers, Asíwájú Tinubu harps on unity, non-violence
    3 years ago
    Kogi Guber: Olayinka Braimoh Popularity Soars Ahead of other candidates  
    2 years ago
    Labour Party Dismisses Report of Arrest of National Chairman
    2 years ago
    Latest News
    ODODO VANGUARD LAUNCHES “RENEWED HOPE CONTINUITY MILLION MARCH IN KOGI”
    4 hours ago
    LG Election: Ebonyi Journalist Declares Interest for Ishielu Chairmanship Poll
    6 days ago
    APC Mobilization Gains Momentum in Otu Ward, Kabba/Bunu Local Government Area 
    3 weeks ago
    INEC Recognizes David Mark as ADC Chairman, Aregbesola as Secretary
    3 weeks ago
  • Technology
    TechnologyShow More
    Key Takeaways from the Kogi Dialogue Marking Governor Ododo’s First Year in Office
    8 months ago
    Bala Wunti in the News Again
    8 months ago
    Dangote Refinery Slashes Ex-Depot Petrol Price to N890 Per Litre
    8 months ago
    Ajaokuta LNG Plants Will Position Kogi as a Key Player in Nigeria’s Energy Sector – Governor Ododo
    8 months ago
    Ughievwen Monarch Commends Tinubu for Approval of New 10,000 bpd Refinery in Imode
    8 months ago
Reading: THE IMPACT OF THE VISIT OF THE MINSTER OF STEEL DEVELOPMENT TO PRIVATE STEEL OPERATORS IN NIGERIA.
Share
Notification Show More
Latest News
KOGI POLY RECTOR CONGRATULATES BARRISTER MAIMUNAT EKE AUDU AS THE EXECUTIVE DIRECTOR, COMMERCIAL SERVICES, (NEMSA)
News
Distinguished Senator Garba Musa Maidoki Congratulates Newly Elected Executives of Kebbi Motor Dealers Association.
News
ODODO VANGUARD LAUNCHES “RENEWED HOPE CONTINUITY MILLION MARCH IN KOGI”
News Politics
Prof. Duru Petitions IGP, Calls for Investigation of Commissioner Fakorede Over Alleged Misconduct
News
CELEBRATING A MAN OF PURPOSE: Mr. Kutu Augustine Adebayo
News
Aa
Democracy Newsline NewspaperDemocracy Newsline Newspaper
Aa
  • Economics
  • Politics
  • Business
  • Science
  • Technology
  • Home
  • Politics
  • Technology
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 Democracy Newsline All Rights Reserved.
Democracy Newsline Newspaper > News > News > THE IMPACT OF THE VISIT OF THE MINSTER OF STEEL DEVELOPMENT TO PRIVATE STEEL OPERATORS IN NIGERIA.
News

THE IMPACT OF THE VISIT OF THE MINSTER OF STEEL DEVELOPMENT TO PRIVATE STEEL OPERATORS IN NIGERIA.

Democracy Newsline
Last updated: 2025/05/03 at 6:51 AM
Democracy Newsline 5 months ago
Share
SHARE

THE IMPACT OF THE VISIT OF THE MINSTER OF STEEL DEVELOPMENT TO PRIVATE STEEL OPERATORS IN NIGERIA.

By Musa Bakare

The recent engagements by Nigeria’s Minister of Steel Development, Prince Shuaibu Abubakar Audu, with private steel operators will significantly influenced the nation’s steel industry, aligning with the federal government’s Renewed Hope Agenda aimed at industrial revitalization and revolution.

Several private iron and steel operators are active in Nigeria, including notable companies such as KAM Holding, African Industries Group (AIG), and Sunflag Steel. Other prominent players include Quantum Steels, Alinco Steel, Aulsteel, Delta Steel, among various others. Additionally, smaller entities like Donasulu Brothers, Arewa Metal Containers, and Brossette Nigeria contribute to the industry’s landscape.

KAM Holding stands as one of the largest indigenous metal and steel production companies in Nigeria, boasting a global operational footprint. AIG, a leading steel manufacturer in Nigeria, is also engaged in renewable energy initiatives, illustrating the broadening scope of the industry. Sunflag Steel Nigeria Limited, a subsidiary of the larger Sunflag Group, has been a pioneer in Nigerian steel manufacturing, underscoring the sector’s developmental potential.

Other companies, such as Quantum Steels, Alinco Steel & Metal Construction Co. Ltd, Aulsteel Investment Ltd, and Delta Steel Company, play crucial roles in the sector, producing essential steel building materials and components.

The steel industry is supported by various mills across the nation, with notable clusters in the South-West region, particularly in Lagos and Ogun states. The Minister’s recent visits to operational sites in these states signify a commitment to engaging directly with stakeholders, fostering a conducive environment for growth.

Prince Shuaibu Abubakar Audu’s outreach to significant players, including African Natural Resources and Mines Limited (ANRML) in Kaduna and KAM Steel in Kwara, emphasizes the government’s commitment to fostering public-private partnerships. These engagements not only recognize substantial investments made by private entities but also encourage further expansion to meet domestic steel demands. This is crucial, especially considering Nigeria’s current expenditure of over $4 billion annually on steel imports.

The Ministry is advocating for the speedy passage of the Nigerian Metallurgical Industry Bill, 2023, which aims to establish a robust regulatory framework. This bill aspires to enhance transparency, combat illegal activities, and attract both local and foreign investments into Nigeria’s metallurgical sector.

In line with the reform agenda of President Tinubu’s administration, the revitalization of major public steel assets is prioritized. This includes the Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore Mining Company (NIOMCO). The Ministry has actively sought technical and financial support from international donor agencies to upgrade these operations, paving the way for privatization and operational efficiency.

Further initiatives, such as the establishment of Metallurgical Scrap Collation Centres across Nigeria’s geopolitical zones and enhancements to the Metallurgical Training Institute in Onitsha, are crucial for ensuring a steady supply of raw materials and developing a skilled workforce.

The strategic focus on the steel sector is integral to Nigeria’s broader economic diversification goals. By enhancing domestic steel production, the government aims to reduce import dependence, conserve foreign exchange resources, and create job opportunities. The revival of the steel industry is projected to significantly contribute to the nation’s GDP, with ambitious proposals to increase production capacity to 10 million metric tonnes of steel annually.

Through a continued engagements with private steel operators nationwide, Prince Shuaibu Audu is set to catalyze multiple initiatives aimed at revitalizing the steel industry in Nigeria. With strategic partnerships, policy reforms, infrastructure development, and capacity building, these efforts are poised to transform the steel sector into a cornerstone of Nigeria’s industrial and economic growth.

Musa Asiru Bakare, a member of the Tinubu Support Group (TSG), writes from Lokoja, Kogi State capital.
2nd May, 2025

You Might Also Like

KOGI POLY RECTOR CONGRATULATES BARRISTER MAIMUNAT EKE AUDU AS THE EXECUTIVE DIRECTOR, COMMERCIAL SERVICES, (NEMSA)

Distinguished Senator Garba Musa Maidoki Congratulates Newly Elected Executives of Kebbi Motor Dealers Association.

ODODO VANGUARD LAUNCHES “RENEWED HOPE CONTINUITY MILLION MARCH IN KOGI”

Prof. Duru Petitions IGP, Calls for Investigation of Commissioner Fakorede Over Alleged Misconduct

CELEBRATING A MAN OF PURPOSE: Mr. Kutu Augustine Adebayo

Democracy Newsline May 3, 2025
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email
Previous Article Gov. Ododo Pays Tribute to Chief Patrick Adaba …Describes him a Founding Pillar of Kogi State
Next Article Kabba Development Union (KDU) Mourns the sudden demise of Mrs Janet Abike Makanjuola aka Oyato Food
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

  • Advertise

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?