Nigerian billionaire Abdul Samad Rabiu’s BUA Group flags off $252-million highway project
BUA Group is a leading infrastructure conglomerate.
BUA Group is a leading infrastructure conglomerate.
While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Rabiu is Nigeria’s second-richest man.
He remains Nigeria’s second-richest man.
Three African billionaires managed to buck the trend.
The investments were made as part of the Nigeria Sugar Master Plan.
Rabiu’s grant will provide a much-needed boost to higher education in Nigeria.
Rabiu said the grant was made in recognition of the many successes of the NDLEA.
Rabiu is Nigeria’s second-richest man and one of the African continent’s wealthiest businessmen.
The surge solidifies his position as Nigeria’s second-richest man.
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Rabiu’s net worth increased from $5.6 billion to $7 billion in less than a month.
Rabiu’s participation in the fundraising comes after he established the $23.8-million Nigeria Security Support Fund.
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Rabiu and his son own 99.8 percent of BUA Foods.