The Federal Government, through the Ministry of Mines and Steel Development, has inaugurated the re-constituted National Steel Council to drive the growth of the steel industry in Nigeria.
Speaking at inauguration ceremony in Abuja on Tuesday, the Minister of Mines and Steel Development, Olamilekan Adegbite, stressed the need to revive the ailing industry to spur the growth of the economy.
He said, “This decision is a step in the right direction, which brings us closer to our goal of achieving self-sufficiency in steel production. Indeed, the importance of achieving such a feat cannot be overemphasized as the steel industry remains the backbone of modern society.”
According to the minister, the steel industry was key in providing the basic raw materials for public infrastructure development projects and key sectors such as housing and real estate development, energy, automotive, defense, and various, small & medium enterprises engaged in downstream engineering and fabrication business.