Nigerian billionaire Abdul Samad Rabiu’s BUA Group flags off $252-million highway project

Mfonobong Nsehe -

BUA Group, a leading infrastructure conglomerate led by Nigerian billionaire Abdul Samad Rabiu, has flagged off a N116 billion ($252 million) project for the expansion and dualization of the 132-kilometer Kano-Kazaure-Kongolam Highway.

In accordance with Presidential Executive Order 007 for Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, BUA Group will solely finance the $252-million project in partnership with the Nigerian Ministry of Works and Housing, as part of its ongoing commitment to infrastructure development.

Upon completion, the expanded Kano-Kongolam dual carriage highway will seamlessly connect the states of Kano, Jigawa, and Katsina, significantly enhancing interstate travel and facilitating the seamless exchange of goods and services among the three states.

The $252-million highway project will serve as a vital conduit for intra-African trade, enabling greater economic growth and prosperity for the region.

While speaking at the official ceremony of the highway project, Kabiru Rabiu, group executive director of BUA Group, disclosed that BUA remains committed to partnering with the government on critical projects and initiatives that will fast-track human, social, and infrastructural development across the country.

Rabiu in his statement disclosed that BUA Group, solely financing the dualization project, has mobilized equipment and has the capability and resources to complete the road on schedule. He expressed gratitude to Nigerian President Muhammadu Buhari and emphasized BUA Group’s commitment to delivering a top-ranking dual carriage road in Africa.

Minister of Works and Housing Babatunde Raji Fashola stated that the highway will boost economic opportunities in Nigeria and West Africa while complementing the federal government’s rail infrastructure projects.

The minister praised BUA Group for their efforts towards developing the country through the Public Community Private Partnership model. He emphasized the need for $755.8 billion in the next decade to bridge the infrastructure gap and called on state governors and traditional institutions to eliminate barriers to ensure the contractor has full access to complete the project.