News
Shuaibu Abubakar Audu: The torchbearer determined to serve his people and revive Nigeria’s Steel Industry
Shuaibu Abubakar Audu: The torchbearer determined to serve his people and revive Nigeria’s Steel Industry
By Lizzy Okoji
Since his appointment as Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu has emerged as a source of optimism for Nigeria’s steel industry, leveraging his deep understanding and skill to revitalise the sector. Undoubtedly, the ex-investment banker, politician, and son of the late political icon who was the first and second civilian governor of Kogi State, Prince Abubakar Audu; has injected new life and a fresh thinking into Nigeria’s steel industry, sparking optimism for a more promising future.
Tasked with the responsibility of reviving and repositioning the Nigerian steel industry under President Bola Ahmed Tinubu’s Renewed Hope Agenda, Prince Audu has not rested on his oars, but has instead shown great determination for the country’s publicly owned steel plants to begin steel production before the end of the first term of President Bola Ahmed Tinubu GCFR.
Given his background as an investment banker with over twenty years cognate experience, it was no surprise when President Tinubu appointed the prominent Kogi Prince as Minister in August 2023, tasked with overseeing the newly-created ministry and driving the President’s vision of industrialising Nigeria through the steel sector.
As Minister of Steel Development, Prince Audu aims to revive and reposition Ajaokuta Steel Company Limited as a world-class steel producer as well as resuscitate other steel rolling-mills across the country, develop and implement policies to grow the Nigerian steel industry, attract investments and partnerships to drive industry growth, create jobs and stimulate economic growth through steel production.
The Honourable Minister’s commitment to reviving the company with new and effective strategies has attracted potential international investors and partnerships, paving the way for Nigeria to become a major player in the African steel market.
Prince Audu has embarked on a comprehensive reform agenda to address the sector’s challenges with the following key initiatives: engaging with industry stakeholders, including steel producers, miners, and equipment suppliers to understand their challenges and concerns to help him develop a 10-year roadmap for the industry to address the sector’s specific needs.
Following high-level meetings with companies like Luan Steel Group of China and Jindal Steel of India and other prospective investors, they have shown interest in building new steel plants in Nigeria, a development that would boost the country’s steel production capacity and attract foreign direct investments.
Under his leadership, the Ajaokuta Steel Company Limited, once a dormant giant, is now roaring back to life. With the potential to create over 500,000 jobs, the successful revival of the steel company would be a game-changer in reducing poverty and achieving the Federal Government’s Renewed Hope Agenda.
The hope of reviving Ajaokuta Steel plant can be said to be just around the corner, as the committed Minister, following the approval of Mr. President, is in the final stages of working with investors to revive the light section mill that will produce iron rods, the wire rod mill, the lime calcination plant and thermal power plant.
The visionary Prince of the Niger, is also set to get presidential approval to declare the 24,000 hectares of land in the Ajaokuta steel territory an industrial park (with a free trade zone and CNG park), which will further drive foreign investments into Kogi State, making the state one of the major industrial hubs in the country.
A significant development in “walking the talk’ of the Minister’s efforts are partnerships between the Ministry of Steel Development and Ministry of Defence as well as the Presidential Compressed Natural Gas Initiative (P-CNGI) which are beginning to yield positive results. The Works Ministry will also be off-takers of steel produced from Ajaokuta, which would be used in building roads and infrastructure across the country, while the Engineering workshop of the steel plant is being resuscitated to manufacture military hardwares in collaboration with the Ministry of Defence. Land will also be allocated in the steel territory for the military to build a military industrial complex in Ajaokuta.
The launch of 1 million Compressed Natural Gas (CNG) vehicles as directed by President Bola Ahmed Tinubu before the end of 2025 further restates the importance of the collaboration between the Ministry and the PCNGI to establish a CNG Park within the territory of Ajaokuta. The park will benefit from the existing infrastructure, like the natural gas line from Warri to Ajaokuta among others.
Noteworthy is that the influence of the astute Prince Audu extends far beyond the steel sector, as he has leveraged his position to bridge the gap between the government and the people of Kogi East Senatorial District, as well as the entire state, delivering numerous interventions for his people, which he had always done through his Foundation, the Prince Shuaibu Abubakar Audu Foundation even before becoming Minister.
His strong commitment to President Tinubu’s Renewed Hope Agenda earned him high marks from the Concerned Northern Forum (CNF), a coalition of 73 civil society organisations, in a predictable yet notable endorsement for delivering on his mandate of reviving the steel sector.
The Presidential Conditional Grant Programme, which he facilitated, had a positive impact on 5,000 beneficiaries in Kogi State, who received a one-off payment of N50,000 each, spread across the three senatorial districts, in addition to consistent distributions of palliatives such as Rice, Groundnut Oil, Salt and Fertilizers as well as financial support to communities across the State.
In a strong show of support, the Minister visited Omala Local Government Area of the State, donating N5 million of his personal resources as well as relief materials to those affected by herdsmen and bandits’ attacks. At the IDP camp, which he visited with his wife, he expressed solidarity and commitment to working with authorities to end the violence and restore peace to the communities.
Not ignorant of the current challenges of the country in the face of the transformative agenda of President Bola Ahmed Tinubu, the Minister is committed to leveraging on his position as the representative of his people at the federal level, collaborating with the leadership of Kogi State, Governor Ahmed Usman Ododo, to bring the necessary succour and interventions to ameliorate the challenges of the people, while driving sustainable development projects to the state.
Although the Prince of Steel faces a monumental task in restoring the steel industry amidst financial constraints, he remains unwavering in his commitment to etch his name in the annals of history by revitalizing the idle steel plant and the broader steel industry in Nigeria.
Shuaibu Abubakar Audu: The torchbearer determined to serve his people and revive Nigeria’s Steel Industry
International
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
By: Michael Mike
Nigeria should expect more Indian investment in Nigeria with the growth in over 200 companies presently operating in the country and increase in the present investment of over $27 billion in the nation’s economy by Indian interest, the Indian government has assured.
Addressing the media on Sunday in Abuja on the fallout from the visit of Indian Prime Minister, Narendra Modi to the country, the Secretary of Economic Relations at India’s Ministry of External Affairs, Dammu Ravi, said: “While Indian companies are very strong in the traditional areas of manufacturing in Nigeria, with more than 200 companies having invested $27 billion in the economy here, there are new areas that are being identified, which include, as we discussed, the agriculture part of it, particularly lentils and other things which are being considered as a possibility. Then irrigation services, seed, hybrid seed development, research and development on good seeds, climate-resistant seeds and other things are being considered so that that area can also come into focus between the two countries.
“So we talked about mining, we talked about various issues pertaining to small and medium enterprises, the skill development part of it.
“Already we have some experts who have been training for more than six months in SMEDAN over here, entrepreneurial development skills. And also through the Indian Technical and Economic Cooperation where we have been sending people to India for skill development, that also came into focus. So we would be considering all these things too, we are diversify the areas of our cooperation in trade and economic relations, as well as to strengthen our trade cooperation.”
He also revealed that India is interested in further investment in Nigeria’s oil and gas industry, stating that: “There was a very good concentration of topic on oil and gas investment. Some Indian companies are already working on the CNG areas, which is the focus area of the President also. There are companies which are working in CNG city-wide network as well as setting up the outlets for CNG over here. CNG kits are being also sent over here so that it can be put in the cars and vehicles to use the CNG.”
He noted that on pharmaceuticals and medicine, there are nearly $4 billion of investment by Indian companies in the pharmaceutical sector here in Nigeria, and there is already existing eye hospitals of India in Abuja and Lagos, as well as another multi-speciality hospital.
He said: “I can also tell you that there is going to be a bigger hospital, a 300-bed hospital that has come up in Abuja, which will be open very shortly with expert doctors and technicians and others from India with modern technology. So that hospital chain would also be expanding itself into other geopolitical areas too.”
He said India, in agreement with Nigeria, looks forward to the reform of the United Nations Security Council, stating that there is urgent need to update the global governance structure to reflect current realities.
He noted that the existing structure, established in 1945, no longer meets the needs of the modern world and that significant changes are required.
Ravi highlighted the shared stance of India and Nigeria in advocating for a more inclusive Security Council, pointing out that both nations represent the interests of the Global South, which remains underrepresented in international decision-making.
He insisted that: “The world has changed significantly since the establishment of the UN, but the Security Council’s structure has not evolved accordingly.
“Nigeria and India are on the same page on the need for reform. We have to keep working on that in different forums to sensitise the countries on the need for our positions.”
The call for reform came as part of a broader effort by developing nations to secure a greater voice in global governance.
Ravi underscored the importance of unity among countries in the Global South, including major players like India and Nigeria, to advocate effectively for changes in the UNSC’s composition.
The UNSC currently has 15 members, including five permanent members with veto power: the United States, Russia, China, the United Kingdom, and France.
However, despite having 54 member states in the UN, Africa lacks permanent representation.
The US recently proposed expanding the council to include two permanent seats for African countries, with Nigeria, South Africa, and Egypt emerging as leading contenders due to their economic and political influence.
According to Ravi, the key to successful reform lies in collective action.
He noted that countries from the Global South, which have experienced significant political and economic growth over the past few decades, should have a more substantial role in international decision-making.
He said, “We need to build this understanding that there is a need for the UN reform and that is the fundamental. The reform is necessary and it has to be done quickly.”
Addressing the question of African representation, Ravi acknowledged that Africa has its own consensus on the need for reform.
However, he pointed out the complexity of aligning the positions of various African nations with those of other countries advocating for change, such as India.
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
News
Senator Lawan Acknowledges APC Party Efforts Across Borno Central, Shows Appreciation Through Generous Gestures
Senator Lawan Acknowledges APC Party Efforts Across Borno Central, Shows Appreciation Through Generous Gestures
By: Our Reporter
Senator Kaka Shehu Lawan, SAN, representing Borno Central Senatorial District, has reaffirmed his commitment to consolidating the achievements of the All Progressives Congress (APC) in the state and advancing the “Renewed Hope Agenda” of President Bola Ahmed Tinubu.
This was conveyed at an event held at GRA Primary School, where Hon. Ali Umar Bolori, Special Adviser (Political) to Governor Babagana Umara Zulum, delivered the senator’s goodwill message.
In the message, Senator Kaka Shehu Lawan highlighted his accomplishments in delivering democratic dividends, including empowerment programs, skills acquisition initiatives, and sponsorship of impactful bills aimed at fostering development across the state. Despite his short tenure of two years in office, his efforts have earned praise from party leaders and constituents.
In their remarks, Alhaji Waziri Bukar, Chairman of APC MMC, and Alhaji Kachallah Maifata, Jere Local Government Chairman, commended the senator for instilling confidence among constituents through credible representation in the Senate.
To appreciate the dedication of APC party machinery, Senator Kaka Shehu Lawan distributed 920 bags of rice and ₦500,000 to each of the 15 wards in MMC and 12 wards in Jere. He assured that similar gestures would soon be extended to other local governments in Borno Central.
Party executives expressed gratitude for the senator’s generosity and pledged continued support and prayers.
The event was graced by notable dignitaries, including Hon. Abba Kyari Abba Kolo, Member of the Borno State House of Assembly (Jere); Hajiya Inna Galadima, Executive Chairman of Jere; and members of the APC State Executive Council.
Senator Lawan Acknowledges APC Party Efforts Across Borno Central, Shows Appreciation Through Generous Gestures
News
Nigerian Army troops recover arms, dismantles refining sites, and seizes stolen oil in Niger Delta
Nigerian Army troops recover arms, dismantles refining sites, and seizes stolen oil in Niger Delta
By: Michael Mike
Troops of the Nigerian Army’s 6 Division, in collaboration with other security agencies, have intensified anti-oil theft and illegal refining operations across the Niger Delta.
In a statement Acting Deputy Director, Army Public Relations 6 Division Lieut. Col. Danjuma Jonah Danjuma said between November 11 and 17, 2024, the forces recorded significant successes, including the deactivation of 46 illegal refining sites, the seizure of 47 boats used for transporting stolen oil, and the recovery of over 95,000 litres of stolen petroleum products. Twenty-eight suspected oil thieves were also apprehended.
He said in Rivers State, troops acted on intelligence regarding vandalism along the Oando pipeline in Ogba/Egbema/Ndoni Local Government Area (ONELGA). Armed vandals exchanged fire with the troops but fled after being overwhelmed. Soldiers recovered an AK-47 rifle, a loaded magazine, and additional ammunition.
Danjuma said in Obiafu-Ndoni, a major bust intercepted wooden boat carrying 28,320 litres of stolen crude oil. Seven suspects were arrested. Operations in Buguma, Asari Toru LGA, dismantled illegal refining sites, confiscating 9,500 litres of stolen products.
He said further efforts in Degema LGA, including Tuma and Krakrama areas, led to the destruction of numerous wooden and fibre boats and the recovery of 10,500 litres of stolen Automotive Gas Oil (AGO). In Bille, a wooden boat with 2,500 litres of stolen products was intercepted, while in Obiafu Oil Field and along the Imo River stretch, troops dismantled illegal refining sites, destroying 16 boats and recovering over 19,000 litres of stolen petroleum products.
In Bayelsa, operations in Ekeremor and Nembe LGAs resulted in the deactivation of illegal refining sites and the recovery of over 12,500 litres of stolen oil. Danjuma said A significant seizure included 600 vandalized Shell Petroleum Development Company pipes.
In Delta troops intercepted a Sienna bus carrying stolen condensates near Oyede in Isoko South LGA. The driver abandoned the vehicle upon sighting troops. A pipeline breach in Afiesere, Ughelli North LGA, was also reported and secured.
In Akwa Ibom, several vehicles carrying 2,160 litres of stolen AGO were intercepted in Ikot Abasi LGA, leading to the arrest of five suspects.
Major General Jamal Abdussalam, General Officer Commanding 6 Division, reaffirmed the Army’s commitment to safeguarding critical infrastructure and dismantling criminal networks. He assured the public that operations would persist to bolster oil output and secure national assets.
Nigerian Army troops recover arms, dismantles refining sites, and seizes stolen oil in Niger Delta
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