Juliet Jacob 
ABUJA, Nigeria – The Federal Government intensifies efforts to revive Nigeria’s steel industry, seeking World Bank technical and policy support to unlock iron ore assets and resolve long-standing production challenges.
Minister of Steel Development Prince Shuaibu Abubakar Audu made the disclosure on Thursday while hosting a World Bank delegation in Abuja, describing steel as central to Nigeria’s industrial growth.
“This partnership is about fixing the fundamentals,” Audu says. “From credible geo-data to resolving technical constraints, we are building a viable and competitive steel sector.”
A major focus is the Agbaja iron ore deposit, which has faced decades of metallurgical challenges limiting commercial use.
World Bank officials say the engagement forms part of a Steel Sector Assessment Survey, involving field evaluations, policy reviews and stakeholder consultations.
The Minister also calls for legislative reforms and the integration of the Nigeria Solid Minerals & Raw Materials Exploration Agency (NSRMEA) into national geo-data systems.
“Without accurate geological data, industrial planning is impossible,” Audu says.
The World Bank confirms that evidence-based analysis will guide investment decisions, with a draft steel sector roadmap expected by mid-2026.
Nigeria’s steel industry, once envisioned as the backbone of manufacturing, has struggled due to infrastructure gaps and policy inconsistencies. Officials say the renewed collaboration aims to reduce import dependence and boost local production.
About the Author
Oluwafunbi Bello 
Edino Chubiyo Cornelius 
Oluwatobi Adu 