Africa
ASR: Celebrating an Industrialist and Philanthropist at 65 -By Abba Dukawa
According to Forbes, Rabiu’s fortune has grown by a staggering $2.2 billion in the first seven months of 2025, driven by strong share performance of BUA Cement Plc and BUA Foods Plc. Starting the year with a net worth of $5.1 billion, his wealth has surged to $7.3 billion as of August 9, 2025.
Just over two weeks ago, Abdulsamad Rabiu, Chairman of BUA Group, marked his 65th birthday an occasion that highlights his enduring impact on Africa’s industrial and philanthropic landscapes.
Despite his privileged background, Rabiu has chosen to leverage his wealth for the greater good, transforming lives and alleviating suffering. This dedication has earned him the nickname “Mr. Talk and Do.” Under his leadership, BUA Group has made philanthropy a cornerstone of its corporate identity, with a deep commitment to humanity.
Rabiu’s journey is a testament to enterprise, empathy, and excellence. As one of Africa’s most accomplished yet understated industrialists, he has not only shaped industries but also touched countless lives. Through BUA Group spanning sectors such as cement, sugar, rice, steel, real estate, flour milling, and oil and gas—Rabiu has built one of Africa’s most respected conglomerates. The group serves millions, creates thousands of jobs, and continues to strengthen Nigeria’s manufacturing backbone.
In its diversification efforts, BUA Group is currently developing a $3.8 billion refinery project in Akwa Ibom. Once completed, it will be Nigeria’s second-largest oil refining facility, processing 200,000 barrels of crude oil daily to produce Euro-V grade fuels, including petrol, diesel, jet fuel, and polypropylene.
Beyond business, Rabiu’s philanthropic commitments are deeply rooted in impact. Through the Abdul Samad Rabiu Africa Initiative (ASR Africa), he has consistently given back to society. Notable investments include the Abdul Samad Rabiu Laboratory Complex at the University of Lagos and a modern administrative block at Al-Qalam University, valued at ₦250 million. ASR Africa has also supported education through facility construction and mentorship programs for female students at Babcock University.
In the healthcare sector, the BUA Foundation, under Rabiu’s leadership has made significant contributions. These include the construction of a state-of-the-art pediatric ward at Aminu Kano Teaching Hospital, provision of medical equipment and ambulances, and a substantial ₦5 billion donation to support the Akwa Ibom State University Teaching Hospital.
BUA Group’s commitment to corporate social responsibility is evident in its impactful initiatives. The company has provided essential infrastructure—including schools and hospitals—to relocated communities in Sokoto State, and continues to supply medical equipment to healthcare facilities in its host communities.
Equally important is Rabiu’s commitment to environmental sustainability. His manufacturing operations follow strict environmental standards, emphasizing recycling, cleaner energy sources, and waste reduction. These practices reflect a broader vision of responsible and eco-conscious business.
Rabiu’s influence also extends internationally. His entrepreneurial spirit and promotion of Nigeria as a key investment destination have earned global recognition. Notably, he was reappointed by President Emmanuel Macron as President of the France-Nigeria Business Council—an affirmation of his leadership and foresight.
What truly sets Abdulsamad Rabiu apart is not just his immense wealth or industrial accomplishments, but the quiet dignity and humility with which he conducts himself. In a world that often equates loudness with success, ASR’s understated brilliance is evident in his work, values, and generosity. He lets his achievements speak for themselves—his factories mirror his ideals, and his philanthropy defines his character.
His story is a powerful reminder that one can be both influential and humane, wealthy and wise. He offers a beacon of inspiration for the next generation of Nigerian entrepreneurs.
In a recent article published both in print and online, Abdulsamad wrote:
“Nigeria is pioneering a shift that other African countries can follow. Unlike past administrations, which often reacted to economic challenges with state intervention, President Bola Tinubu’s administration has shown conviction in reform. After two years of challenging reforms, Nigeria is now positioned to leverage its vast resources, growing population, and strategic location to drive progress.”
Mr. Chairman’s 65th birthday is more than a celebration of personal milestones; it is a tribute to a leadership style that combines vision with humility, wealth with wisdom, and success without arrogance.
Abdul Samad Isyaku is the third-richest man in Nigeria and the seventh-richest in Africa. He is receiving the Nigerian National Honor of Commander of the Order of the Federal Republic (CFR). He also holds the Commander of the Order of the Niger (CON) honor in Nigeria, as well as the Grand Commander of the Order of Merit of Niger (GCON) in the Republic of Niger.
According to Forbes, Rabiu’s fortune has grown by a staggering $2.2 billion in the first seven months of 2025, driven by strong share performance of BUA Cement Plc and BUA Foods Plc. Starting the year with a net worth of $5.1 billion, his wealth has surged to $7.3 billion as of August 9, 2025.
Dukawa writes from Abuja. He can be reached at abbahydukawa@gmail.com
