From Charity Nwakaudu, Abuja
The Federal Government, through the Ministry of Steel Development,is set to host its maiden national steel summit in Abuja
The landmark summit is aimed at reviving Nigeria’s steel industry and repositioning it as a cornerstone of the nation’s industrialization and economic development agenda
Speaking at the pre- press briefing in Abuja, the minister of Steel Development, Prince Shuaibu Abubakar Audu, said the summit would be inaugurated by president Bola Tinubu .
Prince Audu explained that the summit would grant opportunities for the ministry to share in the president’s renewed hope agenda policy.
“The Ministry of Steel Development as part of its efforts to rebuild and unlock the nation’s Steel potentials is hosting its inaugural National Steel Summit 2025 themed; “Rebuilding and Consolidating Nigeria’s Steel Industry: Collaborative Action for Sustainable Growth and Global Competitiveness” he stressed.
The minister further emphasized that the summit would create an avenue for stakeholders to discuss and work in unism to move the sector forward.
“The Summit which aims to assemble key stakeholders to appraise the current status of the industry, explore investment opportunities, identify policy and infrastructural needs and adopt a consensus way forward for the revival and sustainable Development of the Nigeria’s Steel sector will be declared open by the President of the Federal Republic of Nigeria, His Excellency, Asiwaju Bola Ahmed Tinubu” Audu stated.
“This maiden Summit coming at about the two (2) years anniversary of President Bola Ahmed Tinubu’s Renewed Hope Agenda will accord the Ministry an opportunity to share the Renewed Hope vision, the milestones recorded so far and receive feedbacks from stakeholders” the Minister noted.
According to Prince Audu, stakeholders will be given an even platform to interact on their mutual areas of collaboration especially in market promotion and infrastructure sharing windows for competitive production.
“There will be executive parley amongst selected policy makers, Paper presentations, Panel Discussions, Questions and Answers, Exhibitions etc and I want to assure all stakeholders that every contribution would be given adequate consideration in the emerging Steel sector in Nigeria” Prince Audu stated.
“Despite the chequered history of Steel development in Nigeria which dates back to 1958, the present Renewed Hope Administration of President Bola Ahmed Tinubu, is already pushing the right buttons to ensure the emergence of a virile Steel industry in Nigeria along the following key mandate instructions” he added
Highlighting the administration’s ongoing reforms, the minister disclosed that Nigeria currently spends over $4 billion annually on steel imports. The government’s priority, he said, is to boost local production through the utilization of abundant domestic raw materials, the enforcement of regulatory standards, and the creation of an enabling environment for sustainable investments.
Earlier in his welcome address the permanent secretary of the ministry, Dr Chris Osa Isokpunwu stated that the steel sector is the bedrock of any nation’s development.
He said the summit is a call to all stakeholders public and private, local and international to unite in charting a bold and sustainable future for the steel sector in Nigeria.
According to him, the Steel Summit, marks a pivotal moment in the national quest to rebuild and consolidate Nigeria’s steel industry through inclusive dialogue, strategic policy formulation, and targeted investment.
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