FG woos German firms to revive Nigeria’s steel

The Federal Government of Nigeria is actively wooing German firms to revive the country's steel industry, focusing on areas such as mineral processing, equipment manufacturing, technology transfer, and the development of local industrial value chains. This initiative was highlighted during a meeting between the Minister of Steel Development, Prince Shuaibu Audu, and a delegation of German Original Equipment Manufacturers led by the Head of VDMA-German OEMs, Chux Onaa.

The engagement, which took place at the ministry's headquarters in Abuja, aims to convert previous discussions into concrete investment and industrial partnerships, with both countries showing growing interest in Nigeria's industrial sector. The minister emphasized the country's significant mineral and metallurgical resources, as well as a large and growing market, presenting substantial opportunities for industrial development.

He identified modern technology deployment, equipment manufacturing, mineral processing, steel production, engineering services, and capacity development as key areas for German collaboration.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.