FG promises to revamp steel sector to boost Nigeria’s economy

 

The federal government has said it will revamp the nation’s steel sector to enhance the economy and create employment opportunities.

The minister of steel development, Shuabi Audu, said this in Abuja when he met with heads of agencies and departments in the ministry.

Mr Audu said Nigeria’s abundant mineral resources hold the key to reshaping the nation’s economic landscape and extending the benefits of democracy to every Nigeria.

“By tapping into the latent potential of the steel sector and channelling it into lucrative ventures, we can ensure that the dividends of democracy reach every citizen,” stated Mr Audu. “The steel sector stands as a pivotal pillar of Nigeria’s industrial growth, carrying the potential to provide substantial job opportunities for the youth.”

The minister said to realise this vision, the government “is fully dedicated to implementing an extensive array of measures designed to attract reputable international investors.”

Mr Audu explained that every Nigerian should partake in the benefits that democracy brings, adding that a core tenet of democracy was its ability to uplift individual needs and aspirations.

According to him, the government is focused on cultivating an environment conducive to ensuring these advantages.

“In the pursuit of attracting investments, the federal government remains resolute in its mission to boost economic growth and empower its citizens through the potential of the steel sector,” noted the minister. “This is by fostering strategic alliances, facilitating investment inflow and cultivating a business-friendly atmosphere. The government envisions a future marked by prosperity, progress, and collective advancement.”

The minister also mentioned that Nigeria is ready to lead in the global steel market, adding that the transformative journey was poised to reshape the nation’s economic trajectory.

“This is to ensure that the benefits of democracy are tangible and accessible to all,” stated Mr Audu.

(NAN)