The Minister of Steel Development, Prince Shuaibu Audu, is urging stakeholders from various sectors to invest in domestic refining and production in Nigeria. He made this call during a recent summit in Abuja, emphasizing the importance of sustainability and responsible mining practices. Audu believes that by refining and producing transition metals locally, Nigeria can foster economic growth, create jobs, and maintain control over its resource value chain. He called on governments, industry players, and investors to collaborate in building infrastructure, promoting innovation, and implementing supportive policies. The government is committed to supporting initiatives that promote local production and is developing a roadmap for the revitalization of the steel sector. Audu outlined key strategies, including enforcing local processing of raw materials, improving promotional activities for specific minerals, investing in exploration, securing the mining environment, and establishing a mineral development fund for host communities. This commitment reflects the government’s dedication to sustainable development and economic growth through the mining sector.
