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 by focusing on 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.

Both countries previously explored opportunities in steel development, mining, mineral processing, engineering, and technology transfer during the 9th German-African Economic Forum in Dortmund, Germany. The German delegation's visit underscores growing interest in Nigeria's industrial sector, and the government is committed to creating an enabling environment for a competitive, technology-driven, and sustainable steel industry.

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