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Nigeria's Steel Minister Outlines 2026 Plans for Sector Revitalization and Investment

NATURAL GAS

Nigeria's Minister of Steel Development, Prince Shuaibu Audu, announced plans for revitalizing the steel sector by 2026, focusing on enhancing local production, attracting investments, and improving human capacity. Key initiatives include discussions with Chinese investors to revive the Ajaokuta steel plant and a $500 million investment for mini-LNG plants to ensure power supply. The ministry aims for measurable production outcomes and sustainable job creation in the coming year.

Nigeria's Steel Minister Outlines 2026 Plans for Sector Revitalization and Investment
Jan 2, 2026, 9:00 AM

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