Abdulsamad Rabiu: Celebrating Black Excellence In Serial Business

by Duke Magazine

Abdulsamad Isyaku Rabiu is a Nigerian business magnate and philanthropist. He is the founder and chairman of BUA Group. BUA Group is a conglomerate with business outlook into cement production, ports, real estate, sugar refining, and oil. He also dubs as the chairman of the Nigerian Bank of Industry (BOI).

Born in 1960, Rabiu started his business in 1988 when he was then into importation of chemicals, iron, and steel. However, with the acquisition of Nigerian Oil Mills Limited, which was the largest edible oil processing company in Nigeria, his company meteorically rose to become the second-largest sugar refinery in sub-Saharan Africa. The merger of Kalambaina Cement and the Cement Company of Nigeria makes Rabiu’s BUA Cement the second-largest cement manufacturer in Nigeria. 

As a man who perfectly knows his onions in serial business, Rabiu chairs five (5) subsidiaries of his group of companies: BUA Sugar (refining of imported and locally sourced raw sugar), BUA Oils, BUA Ports & Terminals, BUA Cements, and BUA Estates. 

Being a philanthropist-dignified, Rabiu dispense his philanthropic outreaches through the BUA Foundation. He is notable for his huge contributions to the Nigerian government in purchase of COVID-19 management facilities in 2020.

Rabiu is the 6th Africa’s billionaire with a net worth of $4.9 billion, as at June 2021, according to Forbes. He holds a degree in economics from Capital University Columbus, Ohio, United States of America.

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