The Minister of Steel Development, Shuaibu Audu, has unveiled the proposed Nigeria Metallurgical Industry Bill, describing it as a transformative piece of legislation aimed at accelerating Nigeria’s economic diversification and industrial growth. He said the Bill would establish a robust legal and regulatory framework, unlocking the vast potential of Nigeria’s metallurgical and steel sector. Meanwhile, Read More
The Federal Government has introduced the revised Nigeria Metallurgical Industry Bill 2023 to boost the country’s steel sector. The bill, presented by Minister of Steel Development Shuaibu Audu, aims to establish a robust legal and regulatory framework to drive economic diversification and industrial growth. Stakeholders have emphasized the need for investment-friendly policies and a strong legal framework to enhance the sector’s global competitiveness. The bill, currently before the National Assembly, seeks to address long-standing issues in the sector, improve regulatory efficiency, attract investment, and create a transparent business environment. Key focus areas include industry oversight, safety measures, licensing protocols, employee rights, and penalties for violations. The bill’s passage is expected to revitalize the sector and contribute to Nigeria’s economic development.
