Abdulsamad Isyaku Rabiu is a Nigerian businessman. His father, late Khalifah Isyaku Rabiu was one of Nigeria’s foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate with interests in manufacturing, infrastructure and agriculture with a revenue in excess of $2.5 billion. He is also the chairman of Nigerian Bank of Industry.
In September 2015, BUA signed a $600 million deal with Sinoma International Engineering, a Chinese cement equipment and engineering service provider, to construct a second production line at its flagship Obu cement plant, located in Edo State in the western part of Nigeria. Rabiu’s aim is to double capacity and expand BUA’s current 10% market share in Nigerian cement.
In January 2016, BUA Group agreed to sell its flour milling and pasta making businesses to Olam Group of Singapore for $275 million. Rabiu, the son of a businessman, inherited land from his father. He set up his own business in 1988, importing rice, sugar and edible oils as well as iron and steel rods.
Abdulsamad Rabiu is worth $1.1 billion as rated by Forbes in March, 2016.
Abdul Samad Rabiu uses BUA Foundation for his philanthropic activities. These include the construction of a 7,000 Square meter paediatric ward at the Aminu Kano Teaching Hospital as well as the construction of the Centre for Islamic Studies at the Bayero University Kano amongst several others.
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