In this post we present to you the net worth of one of Nigerian’s richest entrepreneurs, Abdulsamad Rabiu.
Abdulsamad Rabiu Net Worth
Abdulsamad Rabiu, the Chief Executive Officer of BUA group is estimated to worth $4.5 billion currently according to Forbes. This net worth makes Rabiu one of the richest Men in Nigeria and Africa.
Biography & Profile Of Abdulsamad Rabiu
Abdulsamad Rabiu is a Nigerian renowned business mogul and philanthropist who hails from Kano State in Northern Nigeria.
He is the founder and CEO of BUA group, a Nigerian conglomerate with presence in sugar refining, real estate, cement production, flour production and logistics and Port operations.
Abdulsamad Rabiu was born on August 4th, 1960 in ancient city of Kano. He is the son of late Khalifah Isyaku Rabiu, one of Nigerian’s renowned Business mogul in the sixties.
Rabiu had his early education in Kano before obtaining a degree in Economics from Capital University in Columbus, Ohio, USA. The BUA CEO is married with children and is chairman of Nigeria Bank of Industry (BOI).
According to several online reports, Abdulsamad Rabiu took after his father’s business as young age of 24 years as result of his father being in detention under the military government of Muhammed Buhari.
The early business experience paid off and gave the kindhearted CEO skills to set up his own business in 1988.
BUA International Limited since its establishment in 1988 has grown into one of the biggest business conglomerates in Nigeria.
BUA International Limited initially was into importation of rice, edible oil, iron and steel. By 90s, the company diversified and became active in many manufacturing sectors hence the birth of BUA group. BUA group has the following subsidiaries.
BUA Cement is one of largest Cement producer in Nigeria. Some of their cement plant are in Edo State and Sokoto State.
BUA Sugar Refinery Limited
BUA group has two operational sugar refineries located in Port Harcourt and Lagos. The company was incorporated in 2015 as a private limited liability company.
BUA Estates has and manage properties in some on Nigeria’s biggest cities like Lagos and Abuja. BUA Hills Abuja is one of their most popular real estate investments.
BUA Port and Terminals Limited
BUA Port & Terminals manage four berths, Berths 5-8 and two warehouses, warehouse 5 & 7. The types of cargo handle by the company are general cargoes such as frozen fish, bagged rice and coated steel pipes.
BUA Oil Mills Limited
BUA has Oil mills located in Lagos and kano state. The company produced high quality Distilled Fatty Acid, Stearine and Palm Olein.