BUA Group

Rabiu’s net worth has increased by more than $700 million in the past 24 hours, from $7.1 billion to $7.8 billion.

Rabiu maintains his rank as Nigeria’s second-richest person, outpacing telecom billionaire Mike Adenuga.

Rabiu is Nigeria’s second-richest man.

He remains Nigeria’s second-richest man.

Rabiu’s grant will provide a much-needed boost to higher education in Nigeria.

Rabiu’s participation in the fundraising comes after he established the $23.8-million Nigeria Security Support Fund.

Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.

BUA Cement is Nigeria’s second-largest cement producer with a combined installed capacity of 8 million tonnes per annum.

Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.

BUA Group has emerged as one of Africa’s fastest-growing manufacturing conglomerates.