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Do You Know Abdulsamad Rabiu?

Do You Know Abdulsamad Rabiu?

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.

The entire Jetheights team celebrates you sir

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