Later Career
After the regime of Olusẹgun Ọbasanjọ handed power back to an elected government in 1979, Abubakar was appointed the Federal Minister of Defence, holding this office until 1982. From 1993 to 2005, he was the Pro-Chancellor and Chairman of Council of the University of Ibadan. In the late 1990s, he served as director of the National Mathematical Centre at Abuja and chaired both the National Manpower Commission of Nigeria and the non-governmental Africa International Foundation for Science and Technology.
Abubakar Iya was elected Senator for the Adamawa North constituency of Adamawa State, Nigeria at the start of the Nigerian Fourth Republic, running on the People's Democratic Party (PDP) platform. He took office on 29 May 1999. He was reelected in April 2003. After taking his seat in the Senate in June 1999 he was appointed to committees on Public Accounts, Banking & Currency (chairman), Commerce and Finance & Approprition. Abubakar has also chaired the Senate Committee on Finance and Appropriation and the Senate Committee on Science and Technology.
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