• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, March 24, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria promises to promote, protect local steel firms

Steel

The Matters Press by The Matters Press
August 10, 2022
Reading Time: 2 mins read
0
Firms bid for Ajaokuta steel

Mr Olamilekan Adegbite, the Minister of Mines and Steel Development says the Federal Government is making effort to promote and protect local steel industries.

RELATED POSTS

$1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV

Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group

Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

Adegbite made this known, while inuagurating a nine-man committee for the reconstitution of the National Steel Council on Tuesday in Abuja.

He said the committee was inaugurated to protect the interest of the local steel producers and to curtail dumping of foreign steel in the country.

He said the inauguration was in the right direction, bringing Nigeria closer to its goal of achieving self-sufficiency in steel production.

“The National Steel Act clearly makes adequate provisions for the establishment of the National Steel Council, which will be responsible for the central planning of the iron and steel industry.

“The council consists of a chairman, executive secretary, four board members, and one representative drawn from the following federal ministrie -finance; power, and steel.

“They will serve as central planning for the steel industry; research and development for the steel industry, including research and development of the technology and other aspects of iron and steel production,” he said.

The minister said the committee would coordinate thevexploration of iron ore, cooking coal, limestone, dolomite, refractory clay and other minerals related to iron and steel production.

He said the committee would collaborate with the ministries of power and steel, the Nigerian Coal Corporation and the Nigerian Mining Corporation to achieve the task

“Training of Nigerians in all aspects of the iron and steel industry and related fields and the deployment of senior Nigerian management staff and trainees to steel plants and other sectors of the industry, is key to development.

“Research into the development and manufacture of equipment to be used for the purpose of and in relation to basic engineering in the steel industry among others will all be coordinated by the committee.”

Earlier, Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning commended the Federal Government for selecting visionaries as committee members.

Ahmed said that no country could be industrialised without a vibrant steel company, adding that government was making efforts to reawakening all steel companies in the country.

Also, Mrs Gbemisola Saraki, the Minister of State, Mines and Steel Development said no doubt the calibre of people that were selected to form the committee would achieve success for the sector.

“Since the establishment of Ajaokuta steel, Delta steel and iron ore at Itakpe in Kogi state, this is the first time steel council is established.”

Alhaji Muhammad Aliyu, the Chairman of the committee said the committee would put in their best to achieve the task saddled on them.

Tags: Steel
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tanzania, Australia firms sign $667m deal to mine rare earths
Economy/Technology

$1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV

March 7, 2026
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group

March 7, 2026
CAC, Pakistani investors on economic diversification
Economy/Technology

Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

March 1, 2026
Tinubu floats social welfare scheme consumer credit, expanded student loan fund
Economy/Technology

How Tinubu deployed tools of economic progressivism to lift Nigeria out of years of decadent values, profligacy – IMPI

March 1, 2026
EU punctures Atiku’s server story
Economy/Technology

TMSG hails Tinubu’s swift assent to the 2026 Electoral Act

February 20, 2026
Tinubu signs amended electoral Act
Economy/Technology

Tinubu signs amended electoral Act

February 18, 2026
Next Post
Strike puts Nigeria in darkness

Nigeria needs 30,000MW generation for stable electricity supply

Calabar Port receives 72 vessels in 5 months

Apapa port corridor cleared of shanties, trucks

Recommended Stories

100 millionaires emerge at Dangote promo

Dangote pledges to deepen economic activities

November 1, 2022
Experts seek implementation of economic development plans

Global economy needs Nigeria, says IMO Secretary-General

November 21, 2022
Blinken meets Nigerian leader, unfolds America’s interest in Africa

Blinken meets Nigerian leader, unfolds America’s interest in Africa

January 24, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • $1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV
  • Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group
  • Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us