Steel Minister Audu Seeks Chinese Investment to Revive Ajaokuta Steel
By Friday Idachaba, Lokoja
Minister of Steel Development, Prince Shuaibu Abubakar Audu, is in China on a high-level mission to attract key investments for Nigeria’s industrial revival, with a focus on resuscitating the long-dormant Ajaokuta Steel Company.
Audu, alongside officials from the Nigeria-China Strategic Partnership and the Nigerian Embassy in Beijing, held talks with major Chinese steel giants—Sino Steel, Fangda Group, and Jingye Steel—on technical collaboration, financing, and operational plans to restore Ajaokuta’s full productivity.
In a bold push to revive Nigeria’s long-dormant steel industry, the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has taken the country’s industrial hopes to the global stage — with a high-powered investment mission to China targeting the full revival of the Ajaokuta Steel Complex.
According to a statement signed by Lizzy Okoji, Special Assistant (Media) to the Minister, the visit is aimed at unlocking direct investments, technical expertise, and industrial partnerships to restore Ajaokuta Steel to full operational capacity — a feat that would mark a turning point for Nigeria’s economic and manufacturing ambitions.
In a series of high-level engagements, the delegation met with top executives from China’s steel powerhouses, including Sino Steel (a subsidiary of the global giant Baowu Group), Fangda Steel Group, and Jingye Steel Group.
“The focus of these talks is clear,” the Minister said. “We are here to bring Ajaokuta back to life — not in theory, but in practice. Under the Renewed Hope agenda of President Bola Ahmed Tinubu, this government is determined to build a steel backbone for our economy, create jobs, and industrialise Nigeria.”
Discussions covered technical diagnostics, operational models, and innovative financing structures — all geared towards jumpstarting Ajaokuta’s core production lines, which have been dormant for decades despite their strategic value.
Joseph Tegbe, a key driver of the partnership initiative, added: “These talks demonstrate Nigeria’s seriousness about forging transformative alliances. By aligning China’s industrial capabilities with our own development goals, we are laying the groundwork for real economic sovereignty.”
The Ajaokuta Steel Complex, once envisioned as the heartbeat of Nigeria’s industrial future, has for years remained an unrealized promise. But with this renewed engagement, the Tinubu administration is signaling a firm break from the past — and a readiness to match rhetoric with results.
The Minister’s China mission is expected to yield concrete investment and technical commitments in the weeks ahead, offering fresh hope that Nigeria’s steel dream may finally be forged into reality.