Sun, 17 May 2026

 

Meet your African CEO – Abdulsamad Rabiu
 
By:
Thu, 27 Dec 2018   ||   Nigeria,
 

Abdulsamad Rabiu is the founder and chairman of BUA Group, a Nigerian conglomerate active in sugar refining, manufacturing, cement production, infrastructure real estate, logistics, agriculture and port operations. The company’s revenue is worth $2.5 billion.

Abdulsamad Rabiu officially became a globally acclaimed billionaire in 2013 when Forbes estimated his net worth to be $1.2 billion. Rabiu is expanding cement production.

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. He is also the chairman of Nigerian Bank of Industry.

Abdulsamad Rabiu is also passionate about philanthropy, he established the BUA Foundation essentially for his philanthropic activities. And so far he has he constructed a 7000 Square meter paediatric ward at the Aminu Kano Teaching Hospital. He also constructed the Centre for Islamic Studies at the Bayero University Kano.

 

 

 

 

Tag(s):
 
 
Back to News