The Federal Government of Nigeria is set to revamp the nation’s steel sector to enhance the economy and create employment opportunities.
The Minister of Steel Development, Shuabi Audu, said this in Abuja when he met with heads of agencies and departments in the ministry.
Audu said that Nigeria’s abundant mineral resources hold the key to reshaping the nation’s economic landscape and extending the benefits of democracy to every Nigerian.
“By tapping into the latent potential of the steel sector and channelling it into lucrative ventures, we can ensure that the dividends of democracy reach every citizen.
“The steel sector stands as a pivotal pillar of Nigeria’s industrial growth, carrying the potential to provide substantial job opportunities for the youth.
“To realize this vision, the government is fully dedicated to implementing an extensive array of measures designed to attract reputable international investors,” he said.
Audu said that every Nigerian deserves to partake in the benefits that democracy brings, adding that a core tenet of democracy is its ability to uplift individual needs and aspirations.
He disclosed that the government is steadfastly focused on cultivating an environment conducive to ensuring these advantages.
“In the pursuit of attracting investments, the Federal Government remains resolute in its mission to boost economic growth and empower its citizens through the potential of the steel sector.
By fostering strategic alliances, facilitating investment inflow, and cultivating a business-friendly atmosphere, the government envisions a future marked by prosperity, progress, and collective advancement,” he said.
The minister said that Nigeria was ready to take a leading role in the global steel market, adding that the transformative journey was poised to reshape the nation’s economic trajectory.
“This is to ensure that the benefits of democracy are tangible and accessible to all.”
