Prince Shuaibu Abubakar Audu Biography
Prince Shuaibu Abubakar Audu (born 6 November 1980) is a Nigerian investment banker and politician who has been the current Minister of Steel Development since August 2023.
He ran for governor of Kogi State before being appointed as a minister. On August 21, 2023, Audu was named Minister of Steel Development after the Senate submitted and subsequently screened cabinet nominees.
Prince Shuaibu Abubakar Audu Wikipedia
| Category | Details |
|---|---|
| Full Name | Prince Shuaibu Abubakar Audu |
| Date of Birth | 6 November 1980 |
| Place of Birth | Lokoja, Kwara State (now Kogi State), Nigeria |
| Current Position | Minister of Steel Development, Nigeria |
| Appointed On | 21 August 2023 |
| Political Party | All Progressives Congress (APC) |
| Father | Late Prince Abubakar Audu (Former Governor of Kogi State) |
| Education | – B.A. Business Economics, University of Leicester (2001) – M.Sc. International Securities, Investment & Banking, Henley Business School – MBA, St Hugh’s College, University of Oxford (2013) |
| Professional Experience | 20+ years in investment banking, asset management & venture capital. Former CEO, Stanbic IBTC VC, Worked with Bank of New York Mellon & Credit Suisse |
| Previous Political Activity | Contested APC governorship primaries in Kogi State (April 2023) |
| Key Achievements | Reviving Ajaokuta Steel, Youth Empowerment, Infrastructure Partnerships |
| Royal Lineage | Descendant of the Igala royal family through Pa Audu Oyidi |
| Marital Status | Married with children |
| Legacy Focus | Continuation of late Abubakar Audu’s developmental vision in Kogi State |
Prince Shuaibu Abubakar Audu’s Early Life and Education
Prince Shuaibu Abubakar Audu was born in Kogi to his late father, Prince Abubakar Audu. He received his Bachelor’s Degree in Business Economics from the University of Leicester in the United Kingdom in 2001.
He graduated from the University of Reading’s Henley Business School with an M.Sc. in International Securities, Investment, and Banking (ISIB).
Audu also earned a Master of Business Administration (MBA) from the University of Oxford in 2013, where he attended St. Hugh’s College.
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Prince Shuaibu Abubakar Audu’s Professional Career
Prince Shuaibu Abubakar Audu has worked in the financial services industry for more than 20 years, specializing in wealth management and corporate and investment banking.
He began his career at Investment Banking and Trust Company Limited (“IBTC”), where he worked in the Global Markets and Treasury Department of the Corporate & Investment Banking Division for two years.
He later joined Stanbic IBTC Pension Managers Limited as a pioneer promoter, and he and his colleagues in the Banking Group established the Pension Fund Administrator (“PFA”), which is today Nigeria’s largest.
They both established the Investment Management Desk, and he was later named as an Executive Director in the Asset Management Subsidiary.
From 2013 to 2023, Prince Shuaibu Abubakar Audu served as the Chief Executive Officer of Stanbic IBTC Group’s Venture Capital Business.
He has worked and gained expertise in many banks, including Bank of New York Mellon in Boston, Massachusetts, USA, and Credit Suisse Global Headquarters in Zurich, Switzerland, among others.
Following his extensive experience in the business sector, Prince Shuaibu Abubakar Audu decided to apply his knowledge to governance by becoming involved in politics.
He competed in the recently concluded governorship primary election in Kogi State under the All Progressives Congress (“APC”) before being appointed to the office of Honourable Minister of Steel Development by President Bola Ahmed Tinubu GCFR on August 21, 2023.
Prince Shuaibu Abubakar Audu’s Personal Life
Shuaibu Audu is the son of Abubakar Audu, the former governor of Kogi State. He’s married with kids.
Prince Shuaibu Abubakar Audu Family
Son of Prince Abubakar Audu (1947–2015), the two-time civilian governor of Kogi State, credited with major infrastructure and educational advancements in the region.
His political and leadership ambitions are deeply rooted in continuing his father’s legacy of development in Kogi State
Audu, like many Nigerian politicians, places a high importance on family, and his upbringing in a politically important family shaped both his career and outlook.
Prince Shuaibu Abubakar Audu Family Legacy
Shuaibu Audu’s political ambitions are inextricably linked to his family lineage, specifically the influence of his father, Prince Abubakar Audu.
The late prince served as a political leader as well as a symbol of Kogi State’s development and progress. During his tenure as governor, he oversaw considerable infrastructure upgrades such as the construction of roads, schools, and healthcare facilities, as well as the foundation of Kogi State University.
Shuaibu has frequently expressed his intention to build on his father’s achievements and continue the process of converting Kogi State into an economic powerhouse.
His ties to the Audu political dynasty have earned him widespread popularity, particularly among people who associate the Audu family with the state’s success and development.
Prince Shuaibu Abubakar Audu Net Worth and Business Interests
Shuaibu Audu, a successful banker and entrepreneur, has amassed considerable riches over the years. His net worth is estimated to be large due to his investments in real estate, agribusiness, and financial services.
While exact details of his net worth are not publicly available, his business activities and managerial roles in banking suggest that he has established a substantial financial fortune.
Audu’s fortune has enabled him to fund political campaigns and development projects in Kogi State. His capacity to recruit investments and handle large-scale projects makes him an important player in the state’s economic destiny.
Prince Shuaibu Abubakar Audu Personal Life & Legacy
Married with children, maintains a strong family foundation.
Continues his father’s legacy, Prince Abubakar Audu’s developmental initiatives, like educational institutions and infrastructure, through public service
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Prince Shuaibu Abubakar Audu Social Media
Instagram: @audushuaib
Facebook: Prince Shuaibu Abubakar Audu
Twitter: @HMShuaibuAudu
Prince Shuaibu Abubakar Audu Instagram
FAQs
1. Who Is Prince Shuaibu Abubakar Audu?
Prince Shuaibu Abubakar Audu (born 6 November 1980 in Lokoja, Kwara State, now Kogi State) is a Nigerian investment banker turned politician. He’s currently the Minister of Steel Development, appointed on 21 August 2023 by President Bola Tinubu
2. Why did Shuaibu Audu enter politics after 20 years in banking?
He cited a desire to “bring my experience to bear in governance,” leveraging his corporate finance and wealth management background to contribute to Nigeria’s development.
3. What was his vision when vying for the 2023 Kogi APC governorship ticket?
He unveiled a 7‑pillar agenda focusing on:
Social investments (e.g., safety nets and elderly support),
Infrastructure & industrial growth,
Knowledge economy,
Agriculture & rural development.
4. What’s his legacy-driven motivation?
As the son of former governor Abubakar Audu, a visionary whose projects include Kogi State University and Obajana Cement, Prince Shuaibu feels a strong duty to continue that developmental path in governance.
5. How is he approaching the revival of Nigeria’s steel industry?
Pioneering a 10‑year reform roadmap,
Seeking finance from the World Bank ($5 M) and private financiers (N35 B for Ajaokuta light-mill).
Engaging global investors like Russia’s TyazhPromExport (TPE), China’s Luan Steel, and India’s Jindal Steel.
Spearheading a compressed natural gas (CNG) park at Ajaokuta in line with the 2025 CNG‑vehicle rollout.
6. What social initiatives has he led?
Distributed N50,000 one‑off grants to 5,000 indigent Kogi residents.
Donated ₦3.5 M (later ₦5 M) of personal funds to victims of attacks in Omala LG—also amplifying their needs federally.
Advocated for public‑private partnerships in education, notably at the Sir Ahmadu Bello Memorial Foundation Conference.
7. How has he performed as Minister of Steel Development?
Earning acclaim from groups like Arise TV and Concerned Northern Forum, noting substantial achievements within his first year.
Instrumental in Ajaokuta Steel Company’s reactivation, attracting investment interest, and aiming to create over 500,000 jobs.
8. Bonus: Core Leadership Principles?
Accountability, transparency, integrity—deemed a “model of good governance” by civil society.
A selfless, hardworking, result-driven leader focused on implementing—not just talking—his agenda
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In Conclusion
Prince Shuaibu Abubakar Audu is a dynamic Nigerian leader who seamlessly blends a rich legacy of public service with over two decades of global financial expertise.
As the son of the late Governor Abubakar Audu, his journey reflects both inherited purpose and personal merit.
With top-tier academic credentials from the UK and a proven track record in investment banking, he has brought a results-driven, reform-minded approach to his current role as Minister of Steel Development.
His ongoing efforts to revive Nigeria’s steel industry, particularly the Ajaokuta Steel Complex, demonstrate his commitment to economic growth, youth empowerment, and national industrialization.
Prince Shuaibu Audu stands today as a symbol of visionary leadership, integrity, and dedication to Nigeria’s progress.
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