Nigeria to begin production of 10m tonnes of liquid steel soon– Tinubu.
President Bola Ahmed Tinubu says Nigeria is set to produce ten million tonnes of liquid steel and generate over 500,000 jobs in the industry for a self-reliant and industrialized nation.
President Tinubu stated this at the 2025 steel summit themed "Rebuilding and Consolidating Nigeria's Steel Industry in Collaborative Action for Sustainable Growth and Global Competitiveness" in Abuja, where he was represented by the Vice President, Kashim Shettima.
The President, who added that the steel industry is the key to unlocking Nigeria's potential as it symbolizes so many unrealized hopes, insisted that his administration has laid a robust foundation for the revitalization of Nigeria's steel industry through strategic policy decisions, substantial investments, international collaborations and foster private sector participation in driving economic growth.
President Bola Ahmed Tinubu also called for synergy among stakeholders in the Steel sector to surmount the challenges facing the industry in Nigeria
On his part, The Chairman of the Senate Committee on Steel Development, Patrick Ndubueze, pledged the Senate’s support for the growth and revitalization of Nigeria’s steel sector, urging stakeholders to turn ideas into tangible actions.
In his welcome address, the Minister of Steel Development, Prince Shuaibu Abubakar Audu, explained that the key priority areas of President Bola Ahmed Tinubu, administration include reforming the economy to deliver sustained inclusive growth, strengthening national security for peace and prosperity, boosting agriculture to achieve food security and unlocking energy and natural resources for sustainable development
In his remarks, the Minister of Solid Minerals Development, Dr. Oladele Alake, who emphasized that the era of business as usual is gone stressed that the solid mineral sector is no longer a playground for opportunists but a driver of national and industrial growth and continental leadership.
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