ABOUT THE MINISTRY
The Ministry of Steel Development (MSD) was created on the 23rd of August 2023 by President Bola Ahmed Tinubu as part of the renewed hope for industrialization of the country. The steel industry has been identified as critical to the country’s economic growth and the creation of job opportunities for its citizens.
The Ministry was created to provide a clear policy framework for the development of the steel industry, as well as to oversee the implementation of projects and programs aimed at promoting the production of steel in Nigeria. The Ministry’s mandate is to work towards the development of a vibrant, sustainable, and globally competitive steel industry that can contribute significantly to Nigeria’s economic growth
VISION
To have a virile sustainable and inclusive steel industry that can compete globally and be driving for industrial and economic growth of our country while maintaining internationally acceptable standard
MISSION
To ensure industry and Government strengthen the capability and competitiveness of Nigeria steel industry to achieve self sufficiency in steel production by providing policy support and guardian and to help mitigate potential challenges and barriers that are preventing the growth of Nigeria steel industry
2024/2025 BUDGET APPRAISAL AND 2026 BUDGET DEFENCE DRIVE STEEL SECTOR OVERSIGHT
Prince Shuaibu Abubakar Audu, Honourable of Steel Development (L) with Honorable Dr. Zainab Gimba (R), Chairman, House of Representatives Committee on Steel Development during the Ministry's appearance before the House of Representatives Committee on Steel for the Appraisal of the 2024/2025 Budget Performance and the Defence of the 2026 Budget Proposal of the Ministry, held on Thursday 12th February 2026 in Abuja.
STEEL MINISTER AND SENATE COMMITTEE LEADERS MEET FOR 2024/2025 BUDGET APPRAISAL AND 2026 BUDGET DEFENCE AT NATIONAL ASSEMBLY
Senator Natasha Akpoti-Uduaghan, Vice-Chairman, Senate Committee on Steel; Senator Patrick Ndubueze, Chairman Senate Committee on Steel and the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu during the Ministry's appearance before the Senate Committee on Steel Development for the Appraisal of the 2024/2025 Budget Performance and the Defence of the 2026 Budget Proposal of the Ministry