The Federal Government has intensified efforts to attract German technology and investment to revive Nigeria’s steel industry.
The Minister of Steel Development, Prince Shuaibu Audu, disclosed this on Thursday, September 24, when he received a delegation of German Original Equipment Manufacturers led by the Head of VDMA-German OEMs, Chux Onaa, at the ministry’s headquarters in Abuja.
The disclosure was contained in a statement issued by the ministry’s Head of Press and Public Relations, Ijomah Opia, on Friday.
Audu said the engagement was aimed at converting previous discussions between Nigeria and Germany into concrete investment opportunities and industrial partnerships.
He recalled that both countries had explored areas of collaboration in steel development, mining, mineral processing, engineering and technology transfer during engagements at the 9th German-African Economic Forum held in Dortmund, Germany, earlier this year.
According to him, the visit by the German delegation shows growing interest in Nigeria’s industrial sector. He added that the Federal Government is ready to partner with German firms to develop the country’s steel and metallurgical industries.
The minister said Nigeria possesses significant mineral and metallurgical raw material resources alongside a large and growing market with substantial opportunities for industrial development.
He said the Federal Government through the Ministry of Steel Development is committed to creating an enabling environment for a competitive, technology-driven and sustainable steel industry capable of supporting infrastructure development, manufacturing, job creation and economic diversification.
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