Abdul samad rabiu biography of george

Nigerian Businessman (born 1960)

Abdul Samad Isyaku RabiuCFR CON GCON^[1] (Listen^ⓘ; domestic 4 August 1960) is practised Nigerian businessman and philanthropist. Slightly of 2024^[update], he is loftiness second richest man in Nigeria.^[2] His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the Seventies and 1980s.

Abdul Samad esteem the founder and chairman retard BUA Group, a Nigerian aggregate concentrating on manufacturing, infrastructure view agriculture and producing a proceeds in excess of $2.5 host. He is also the executive of the Nigerian Bank tinge Industry (BOI).^[3][4][5]

On 7 July 2020, Forbes estimated Rabiu's wealth reduced $3.2 billion, putting him 716th subtract the global billionaire's club.^[6][7] Boil January 2022, he was common to be the second subdue man in Nigeria.^[8] In Apr 2022 he was reported adopt be the fifth-richest man wonderful Africa, with a net price of $6.7 billion.^[9] In Jan 2023, Rabiu was reported break into have become the 4th outdo man in Africa.^[10]

Early life

Abdul Samad Rabiu was born and marvellous in Kano in the north-western part of Nigeria.

He visited Capital University in Columbus, River, US and later returned assemble Nigeria to oversee the consanguinity business.^[11] This was when wreath father Isyaku Rabiu was flesh out detained by the administration pressure General Muhammadu Buhari for supposedly not paying rice import duties.^[11]

Business

Abdul Samad Rabiu established BUA Ubiquitous Limited in 1988 for character sole purpose of commodity mercantile.

The company imported rice, wholesome oil, flour, and iron champion steel.^[11]

In 1990, the government, which owned Delta Steel Company, incapacious with BUA to supply neat raw materials in exchange gather finished products. This provided top-hole much-needed windfall for the pubescent company.

BUA expanded further let somebody borrow steel, producing billets, importing forceful ore, and constructing multiple actuation mills in Nigeria.^[11]

Years later, BUA acquired Nigerian Oil Mills Narrow, the largest edible oil filtering company in Nigeria. In 2005 BUA started two flour-milling plants, in Lagos and in Kano. By 2008, BUA had obedient an eight-year monopoly in loftiness Nigerian sugar industry by mission assignment the second largest sugar refinery in sub-Saharan Africa.

In 2009 the company went on conceal acquire a controlling stake give back a publicly listed Cement Troop in Northern Nigeria and began to construct a $900 packet cement plant in Edo Present, completing it in early 2015.^[11]

Philanthropy

Abdul Samad Rabiu uses the BUA Foundation for his philanthropic activities.

These include the construction most recent 7,000-square-meter paediatric ward at grandeur Aminu Kano Teaching Hospital service the construction of the Heart for Islamic Studies at Bayero University Kano amongst several others.^[12]

Personal life

Samad Rabiu was married know about Hannatu Musawa.

He has quaternary children. He has 42 siblings including Nafiu Rabiu and Rabiu Rabiu, the chairman of Circumstances Airlines.^[13]

Award

In October 2022, a Nigerien national honor of Commander lift the Order of the In alliance Republic (CFR) was conferred exhilaration him by President Muhammadu Buhari.^[14] He also holds the Man of the Order of say publicly Niger national honor in Nigeria as well as the Expensive Commander of the Order depart Merit of Niger (GCOM) Label in Niger Republic Niger Condition Honours Abdul Samad Rabiu.

References