Email: info@steel.gov.ng
Call: 234-(0)- 703 592 2055
MINISTRY OF
STEEL DEVELOPMENT (MSD)
Federal Republic of Nigeria

THE HONOURABLE MINISTER OF STATE STEEL DEVELOPMENT

Jul
15
2024
HIS EXCELLENCY DR. JAMILA BIO IBRAHIM

THE HONOURABLE MINISTER OF STEEL DEVELOPMENT

Prince Shuaibu Abubakar Audu was born to the Late Prince Abubakar Audu in Kogi. He holds a Bachelor’s Degree in Business Economics from the University of Leicester, in the United Kingdom, in 2001. He earned a Master's Degree (M.Sc.) in International Securities, Investment, and Banking (ISIB) from Henley Business School, University of Reading. Audu also obtained a Masters in Business Administration (MBA) from the University of Oxford in 2013, where he was a member of St. Hugh's College.

Prince Shuaibu Abubakar Audu has over 20 years of experience in Corporate and Investment Banking and Wealth Management within the Financial Services Sector. He started his career at the then - Investment Banking and Trust Company Limited (IBTC) in the Global Markets and Treasury Department for two (2) years within the Corporate & Investment Banking Division. He then moved to Stanbic IBTC Pension Managers Limited as one of the pioneer promoters, and together with his colleagues in the Banking Group, they set up the Pension Fund Administrator (PFA), which is currently the largest in Nigeria. They equally set up the Investment Management Desk, and he was later appointed as an Executive Director in the Asset Management Subsidiary.

In 2013–2023, Prince Shuaibu Abubakar Audu became the Chief Executive Officer of the Venture Capital Business at Stanbic IBTC Group. He has worked and garnered experience at various banks, including the Bank of New York Melon in Boston, Massachusetts, USA, and Credit Suisse Global Headquarters in Zurich, Switzerland, amongst others.

Sequel to his vast experience in the private sector over the years, Prince Shuaibu Abubakar Audu decided to bring his experience to bear in governance by showing interest in politics.

He participated in the recently concluded governorship primary election in Kogi State in April 2023 under the All Progressives Congress (APC) before his appointment to the office of the Honourable Minister of Steel Development by President Bola Ahmed Tinubu GCFR on August 21, 2023.

PHOTO NEWS

Feb
11
2026

MINISTER OF STEEL DEVELOPMENT PRESENTS BUDGET PERFORMANCE APPRAISAL AND 2026 PROPOSAL TO SENATE COMMITTEE

Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu appearing before the Senate Committee on Steel Development for the Appraisal of the 2024/2025 Budget Performance and the Defence of the 2026 Budget Proposal of the Ministry

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PHOTO NEWS

Jan
21
2026

A CELEBRATION OF EXEMPLARY LEADERSHIP AND DEDICATED SERVICE: RETIREMENT OF MRS. COMFORT DANLADI ZAKOWI

L-R: The Permanent Secretary Ministry of Steel Development Dr. Chris Osa Isokpunwu, Director Finance & Accounts (Rtd) Mrs Comfort Danladi Zakowi with Mr. Danladi Zakowi during the Retirement Party held in her honour today, 20th January 2026 at the Ministry's Headquarters

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