Afterwards, Prince Audu moved on to the asset’s management coy of Stanbic IBTC where he rose to become an Executive director of the subsidiary from 2013- 2023.
Concurrently, he was also named by the board as the Chief executive officer of the venture capital, Stanbic IBTC Investments Ltd, and held the position from 2013-2023.
During his 20-year-old career, he spent time working in several banks around the globe including Bank of New York Mellon in Boston and Credit Suisse’s global headquarters in Zurich, Switzerland.
Born to the family of the Late Prince Abubakar Audu, an astute banker and first Civilian governor of Kogi State, the young Audu carries strong leadership and public service genes.
The Audus are one of the most renowned and respected families for philanthropy and community development in Kogi State.
Burning to contribute to the growth and development of his state with the skills and experience he gathered in the private sector, Audu ran for the All Progressives Congress (APC) governorship ticket in the recently- concluded primary elections in Kogi State.
Aftermath of the contest where he came fourth, he ignored the option of taking legal action and threw his weight behind the candidate for the success of the party in the forthcoming polls.
The Ministry and the task ahead
After the inauguration on Monday, Audu would take on the task of revolutionising the Ministry of Steel Development, one of those newly introduced by President Bola Tinubu.
In the last administration, the ministry was merged and known as the Ministry of Mines and Steel Development.
It is gathered that it is at the core of President Tinubu’s plan to diversify the economy, raise the Gross Domestic Product (GDP), and also create jobs for the citizenry.
The nation’s iron and steel industry is projected to be capable of reducing demand for foreign currency used towards the importation of steel products.
Although Audu won’t be starting on a clean slate, the ministry could use the critical investment to ramp up production capacity, technology, shrewd business and revenue team, and data in its operations and management to attract foreign direct investment (FDI).
Notwithstanding, with the Oxford-trained assets manager at the helm of affairs, there is no denying the ministry may well have found the perfect man to carry its agenda to become the nerve centre for industrialization in Nigeria.