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MINISTRY OF
STEEL DEVELOPMENT (MSD)
Federal Republic of Nigeria
FG COMMITS TO INSURANCE COVERAGE -UNVEILS OVERHAULING STRATEGY FOR NIGERIA’S ST...
Aug
29
2023

FG COMMITS TO INSURANCE COVERAGE -UNVEILS OVERHAULING STRATEGY FOR NIGERIA’S STEEL SECTOR REVIVAL

The Federal Government through the newly created Ministry of Steel Development has taken significant steps towards rejuvenating the nation’s steel sector by announcing a comprehensive insurance coverage for all ongoing steel projects within the country.

The Hon. Minister of Steel Development, Prince Shuaibu Abubakar Audu made this declaration during a crucial meeting with key agencies under the Ministry. These are namely- Ajaokuta Steel Company Limited; National Iron -Ore Mining Company, Itakpe; National Steel Raw Materials Exploration Agency; Metalurgical Training Institute and National Metallurgical Development Center, Jos.

During the interface with the DGs of Agencies, Prince Audu explained that the deliberate policy of the present administration to introduce insurance coverage for steel projects is a critical step to mitigate the risks and uncertainties inherent in large scale developmental endeavors.

The Hon. Minister further stated that by providing this insurance coverage, the government aims to foster an environment that is conducive to attracting investments in to the steel sector, securing financing and expediting the successful completion of various steel related initiatives across the country.

To this end, Prince Audu noted that to ensure a structured successful implementation of this policy, the Ministry would outline a comprehensive two- year activation plan- adding, the strategic plan is designed to catalyze the revival of all steel associated interventions: Which underscored a steadfast commitment to achieving tangible progress within stipulated timeframe.

Continuing, the Hon. Minister for Steel Development affirmed that the journey towards revitalizing the steel sector is beyond insurance coverage. He said: “the government has devised a comprehensive overhauling strategy to tackle the multi- faceted challenges impeding the sector’s growth. Central to this strategy is the optimization of skilled labour and enhancing security measures to ensure safe and productive working atmosphere”.

While citing other indices for solutions, Prince Audu listed them to include- the rehabilitation of the rail infrastructure connecting the Itakpe and Ajaokuta Steel Complexes; a functioning rail network for transportation of raw materials and finished products. This, the Hon. Minister noted, has the potentials to significantly boost the operational efficiency of these complexes, thereby positively influencing the entire street value chain.

ACCEPTANCE SPEECH BY THE MINISTER OF STEEL, PRINCE SHAIBU ABUBAKAR AUDU AS DG, APC CA...
Sep
20
2023

ACCEPTANCE SPEECH BY THE MINISTER OF STEEL, PRINCE SHAIBU ABUBAKAR AUDU AS DG, APC CAMPAIGN COUNCIL FOR KOGI 2023 GOVERNORSHIP ELECTION

Today marked a momentous occasion in my political journey as I received the tremendous honor of being appointed as the Director General for the Ododo/ Joel Gubernatorial Campaign Council by the esteemed All Progressives Congress (APC).

This appointment carries with it a weighty responsibility, one that I humbly accept with utmost dedication and enthusiasm.

As we stand on the threshold of a critical election, scheduled for November 11, 2023, I am fully aware of the significance of our mission.

Our primary objective is crystal clear: to secure a resounding victory for our beloved party, the APC. To achieve this, we are ready to roll up our sleeves, leave no stone unturned, and commit ourselves wholeheartedly to the task at hand.

This campaign is not just about politics; it’s about the people we represent and their aspirations for a better future. We will strive to connect with every citizen in the Ododo/Joel constituency, listening to their concerns, and crafting policies that truly reflect their needs and desires.

Our campaign team is comprised of dedicated and passionate individuals who share a common vision of progress, development, and prosperity for our region.

Together, we will harness our collective strengths, expertise, and unwavering commitment to steer the course towards success.

In the coming months, we will embark on a journey that demands resilience, creativity, and unity.

We will engage in constructive dialogue with the electorate, present our well-thought-out policies, and work tirelessly to earn their trust and support.

I am profoundly grateful to the APC for entrusting me with this pivotal role, and I promise to honor this trust by giving my all to this campaign. With the support of our party members, volunteers, and the good people of Ododo/Joel, I am confident that together, we can achieve victory on November 11, 2023, and bring about the positive change our constituency so rightly deserves.

PHOTO NEWS


Apr
05
2026

FORMAL HANDOVER CEREMONY BETWEEN OUTGOING AND INCOMING PERMANENT SECRETARIES AT THE MINISTRY OF STEEL DEVELOPMENT

The Newly deployed Permanent Secretary, Ministry of Steel Development, Ambassador Nura Abba Rimi (L) with the former Permanent Secretary, Dr. Chris Osa Isokpunwu (R) during the Handover Ceremony held on Friday, March 13th 2026 at the Ministry's Headquarters in Abuja.

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PHOTO NEWS


Sep
24
2026

NIGERIA/GERMANY DEEPEN STEEL INDUSTRY COOPERATION AS MINISTER RECEIVES GERMAN OEM DELEGATION

Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, middle; Permanent Secretary of the Ministry, his Excellency Amb. Nura Abba Rimi, right; Deputy Ambassador Embassy of Germany Nigeria, Mr. Johannes Lehne, left, during the meeting held at the Ministry's Headquarters, on Thursday 24th September 2026 in Abuja

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