The Federal Government has intensified efforts to reposition Nigeria as a continental industrial hub, with the Minister of Steel Development, Shuaibu Audu, declaring in Germany that the country is ready to move beyond raw material exports and is seeking credible, long-term investors to unlock its $10bn annual steel market.
Speaking at the Nigeria–German Economic Forum in Dortmund, the minister outlined what he described as a strategic shift from extractive exports to value addition, stressing that Nigeria’s vast mineral reserves and growing domestic demand present “a generational investment opportunity.”
In a statement issued on Wednesday by the Director of Information and Public Relations in the ministry, Salamatu Jibaniya, Audu said Nigeria was deliberately repositioning its steel and minerals sector in line with the Bola Ahmed Tinubu Renewed Hope Agenda.
He said, “Nigeria is transitioning from a raw materials exporter to a value-adding industrial economy. We are actively seeking credible, long-term partners who share our vision of sustainable industrial growth and who are prepared to invest not just capital, but technology, skills, and innovation into our ecosystem.”
