$12.8B
$-7M
(-0.1%)

NG
· Age 65
Source of wealth: Cement, sugar
Industry: diversified
Residence: Lagos, NG
{
"bio": [
"Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.",
"In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled.",
"The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.2% of it. He also owns 95% of publicly traded food conglomerate BUA Foods.",
"Rabiu, the son of a businessman, inherited land from his father.",
"He set up his own business in 1988 importing iron, steel and chemicals."
],
"about": [
"His foundation, the Abdul Samad Rabiu Initiative, supports education, health and social development projects across Africa."
]
}