abdul samad rabiu house

Abdul Samad Rabiu said that preliminary findings show that the two local governments of Guyuk and Lamurde are reputed to have good quality of limestone deposits and BUA … by admin 0 Comments Today, August 4, industrialist extraordinaire, philanthropist and chairman of BUA Group, Abdulsamad Rabiu, clocked 60. READ: Crypto: Popular Hedge Fund, Grayscale record best quarter ever. Filter appointments Filter appointments Current appointments Total number of appointments 1 Date of birth August 1960. For the first time in his life, Rasaq started seeing undergraduate students and admission seekers, who talked about lectures, examinations, and careers after school. 28 of 1999. Though the holding company started quite small with about 20 to 30 million naira, it grew fast till it was worth about half a billion naira. Companies House does not verify the accuracy of the information filed (link opens a new window) ... Search for a company or officer Search. This erupted into a major crisis that claimed the lives of many Yorubas and Hausas across the country. He first attempted the University Matriculation Examination (UME) before taking his West African School Certificate Examination (WASCE). AbdulSamad Isyaku Rabiu Age. Linked companies : BUA Cement Plc - Cement Company of Northern Nigeria Plc: Summary : Founder of Nigerian Oil Mills Ltd., BUA Sugar Refinery Ltd., BUA Flour Mills Ltd. and BUA Group, Abdulsamad Rabiu is an entrepreneur and … He was a supporter of Ibrahim Niasse's Tijaniyyah brotherhood. He owns a pent house at The one and only hotel in cape town, South Africa and the United States of America. 12:46. This was the turning point in Rasaq’s life. It has an installed capacity of 2,000 MT of sugar a day. BUA PORTS & TERMINALS: BUA Ports and Terminals Limited, a subsidiary of BUA Group was incorporated on 28 March 2006. Abdul Samad Isyaku Rabiu CON (born 4 August 1960 in Kano, Nigeria) is a Nigerian businessman. Abdul Samad Isyaku Rabiu CON (born 4 August 1960 in Kano, Nigeria) is a Nigerian businessman. https://nairametrics.com/2020/03/01/the-zero-to-hero-story-of-abdulsamad-rabiu READ: Rich Bitcoin investor moved $175 million worth of BTC for just $0.84. He also had hard times with courses like Semiconductor Chip Design, which he admitted was one of his toughest courses, as he hardly aced it despite his love for the subject. Among his properties is a house in Gloucester Square in London worth nearly $16 million and a penthouse at The One & Only Hotel, in Cape Town, worth $12.6 million. The company's primary business is the refining of imported and locally sourced raw sugar. After shooting in the air to disperse the mob, the soldiers took them to the Bukavu barracks where they were camped as Internally Displaced Persons (IDPs) in the Army Day Secondary School – the same school where Rasaq was a student. The technology deployed is unique and from Brazil, widely known as having the best technology in sugar production and refinery. Ruth Okwumbu has a MSc. READ: Sim Shagaya’s Edtech startup secures $3.1 million Seed Funding. BUA Group 670 views. They relocated to their hometown in Ogbomoso to start life from the scratch. In the cement industry in Nigeria, two names are Kings, Chairman of Dangote Group, Alhaji Aliko Dangote, and Abdul Samad Rabiu, the boss of Bua Group. Born two months before Nigeria’s independence, on the 4th of August, 1960 in Kano, to one of Northern Nigeria’s top business tycoons, Khalifah Isyaku Rabiu, not many would have guessed that the baby Abdulsamad would someday dwarf his father’s achievements by leaps. Abdul Samad Rabiu uses the BUA Foundation for his philanthropic activities. He wanted to help Nigerians pay retailers, make purchases, and pay utility bills without having to handle so much money. See the complete profile on LinkedIn and discover Abdul Samad’s connections and jobs at similar companies. https://www.nairaland.com/.../meet-nigerian-billionaire-abdulsamad-rabius Abdul Samad Isyaku Rabiu was born on August 4th, 1960 in Kano, Kano State, Nigeria to Isyaku Rabiu, a businessman and Islamic scholar. At age 14, the family had their life disrupted by the Hausa-Yoruba crisis which rocked the country in 1999. He has received several recognitions including the African Entrepreneur of The Year at ATA in August 2007, Grand Commander Of The Order of Niger (GCON) in 2012, Companion of the Star of Ghana (CSG) in 2018, and was listed among the 100 distinguished and Eminent Nigerians Centenary Awards in 2018, amongst others. In retrospect, he would say, “The expectation was to spend a couple of years learning the skill, and then have the ceremonial freedom, after which you start up in your workshop and become successful. Abdul Samad, founder and chairman of BUA Group President Muhammadu Buhari has extended his warm greetings to the Founder/Chairman of one of Africa’s leading conglomerates, BUA Group, Abdul Samad Rabiu, on … Fate, however, had other plans. READ: Paga acquires Ethiopian-based startup, Apposit, announces other subsidiaries. Abdul returned to Nigeria at the age of 24 to overseer the family business. I don’t have a lot of money but I want to find people who I can make those kinds of investments and bets as well,” he said. He went on to start and invest in several businesses over the years, growing his wealth to become one of the richest men in Africa. He is the founder of BUA Group, a Nigerian conglomerate with interests in … Billionaire Industrialist, Abdul Samad Rabiu, is 60. This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri in the Government House, Yola. [6][7], Abdul Samad Rabiu was born in Kano in the north-western part of Nigeria, where he obtained his early education. After a few years of ardent academic studies and educative activities as a member of the Students in Free Enterprise (SIFE) club, Rasaq bagged First class honors in Economics and secured a job with Meristem Securities in 2007, courtesy of Saheed Bashiru – a senior schoolmate, whose acquaintance he made in his final year. BUA foundation has been the vehicle through which Rabiu carries out most of his philanthropic gestures. Having outperformed his father in business, it does not seem too ambitious to say that the mogul might just get to 120 years. See the complete profile on LinkedIn and discover Abdul Samad’s connections and jobs at similar companies. Abdulsamad Rabiu Biography. Abdul Samad, founder and chairman of BUA Group . So, immediately we heard the gunshots, we knew help had come. READ: CBN grants Greenwich Trust Limited operational license for merchant banking. Over the years, the duo have become synonymous with cement in Nigeria, with both leading several innovative moves in the industry. Though there are now over 200 fintech players, Paga still holds its ground. Some years later, Abdulsamad had repeatedly proven that he had a Midas touch in business, acquiring the largest edible oil processing company in Nigeria – Nigerian Oil Mills Limited. BUA ESTATES: To meet the growing demands for real estate in Nigeria, BUA Group's real estate portfolio includes various residential, commercial and mixed-use developments in major Nigerian cities. The company was only recently merged with his privately owned Obu Cement company to create a new entity, BUA Cement Plc. According to Forbes recent rating, Mike Adenuga is currently worth $ 6.2billion. Abdul Samad Isyaku Rabiu CON chairman of BUA Group at BUA Group Kano, Kano, Nigeria 169 connections May Almighty Allah guide and protect him. He next attended Capital University in Columbus, Ohio, and returned to Nigeria at the age of 24 to oversee the family business. “The idea of cowrywise came in when we had a lot of people come asking ‘how do I invest 1000 naira and small amounts like 50,000 naira. Abdul Samad had his early education in his hometown before he proceeded to the United States of America to study Economics at Capital University in Columbus, Ohio. He is a business magnate and the founder & chairman of BUA group, a Nigerian conglomerate focused on manufacturing, infrastructure and agriculture. He had most of his early education in Kano and later obtained his Bachelor Degree in Economics from Capital University in Columbus, Ohio. [3][4][5], On July 7, 2020, Forbes estimated Abdul Samad's wealth at $3.2 billion, putting him 716th in the global billionaire's club. Fresh out of school, he opted to take the same Semiconductor Chip Design as a career option in Biomorphic VLSI, a startup of 8 employees, hoping to get better at it with more practice. Abdul Samad Isyaku Rabiu CON (born 4 August 1960 in Kano, Nigeria) is a Nigerian businessman. A local oil servicing company, Depthwize, for instance, had been forced to lay off workers and shut down services on two of Conoil’s rigs, saying the debt of $40 million had incapacitated the company to the point that it could no longer afford the day to day running cost of working on the rigs. He also holds a Yoruba Chieftaincy as the Otunba Apesin of the Ijebu clan. He is the focus of Nairametrics Founders Profile this week. [2] His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the 1970s and 1980s. Adenuga saw the potentials of the booming oil industry in Nigeria and started applying for a license in the late ’80s. My target was to formalize the informal sector and make them investable options. “A lot of companies need to be formalized, so they become investable and provide liquidity option for investors. Every successful person in the community around whom we could identify with seemed to have toed that path, so this was what shaped our thinking at the time and defined our idea of success.”. Some of the projects carried out by the foundation include the construction of a 7,000-square-meter pediatric ward which was donated at the Aminu Kano Teaching Hospital, as well as ambulances and medical supplies. READ: Contracts less than N5 billion will no longer be awarded to foreign firms – FG. According to Forbes Magazine, Abdul Samad Rabiu is a multi-billionaire with a net worth of over $3 billion as of 2020. He obtained the drilling license in 1990 and started exploration with his new company, Consolidated Oil, in Ondo state. Unlike other self-made billionaires, Abdul Samad Isyaka was born with a silver spoon because his late father, Khalifah Isyaku Rabiu, a millionaire himself, was one of … He eventually got a job as a Software Engineer for another startup in Los Angeles, before he moved to Deloitte Consulting in the CRM and Technology practice as a Senior Consultant. Billionaire Industrialist, Abdul Samad Rabiu, is 60. When Saheed Bashiru moved to another unit, Razaq became Head of the research unit. Pagatech reached its first 1 million users within 2 years and since then, the number of its users has grown into tens of millions processing billions of dollars in transactions. Having caused the company to spend so much for nothing, he was fired from the job. This site uses Akismet to reduce spam. He is also the chairman of the Nigerian Bank of Industry (BOI). Abdul Samad Rabiu speaks at Sheikh Sharif Ibrahim Saleh Islamic Center fundraising ceremony - Duration: 12:46. The company has two refinery plants and matching fractionation plants with a combined installed capacity of 700TPD. He left for the United States of America in 1994 and bagged his first degree in Electrical Engineering from the University of Southern California in 1998. Obaseki thanked Rabiu for his continued to support the state’s industrialisation drive as the single largest investor in the state and his immense contribution towards fight against the Coronavirus pandemic. Responding, Governor Okowa described the Executive Chairman of BUA Group, Abdul Samad Rabiu, as a true philanthropist, adding that the donation was timely to … Country of residence : Unknown. He later earned a Masters in Business Administration from the Graduate School of Business, Stanford University from 2003 to 2005. He has 42 siblings including Nafiu Rabiu and Rabiu Rabiu, the chairman of IRS Airlines. He explained that his years as an investment banker had shown him the larger market in the informal and alternative asset space which, though profitable, was not exposed to investors. Abdul returned to Nigeria at the age of 24 to overseer the family business. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. Some years later, two flour-milling plants – in Lagos and in Kano – had joined the number. Rasaq’s parents had no plans of relocating and the future seemed pretty much predictable. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. Abdul Samad Isyaku Rabiu CON ( This was my first job out of college and barely 3 months in,” he said. His father, late Khalifah Isyaku Rabiu was one of Nigeria’s foremost industrialist in the northern states of Nigeria in the 1970’s and 1980’s. The older refinery was supplied by Desmet of Belgium and has an installed capacity of 200TPD, while the new refinery, which was commissioned by BUA Oil Mills, was supplied by Alfa Laval with an installed capacity of 500TPD. August 04. Schooling was not a smooth ride for Tayo as he had to work his way through, sometimes keeping as much as 5 jobs in order to stay afloat. From interacting with post-secondary students who were seeking admission, Rasaq soon came to understand that the subjects they were studying were no different from the subjects he was already studying. As Yoruba residents in a Hausa community, Razaq’s family became victims of targeted attacks. “I was allowed to design a digital imaging chip that got sent to Taiwan for fabrication. He has dreams of dual-listing Paga on the NSE and NASDAQ in the nearest future. His father, Khalifah Isyaku Rabiu passed on in 2018, just 5 months shy of 93 years. Abdul Samad Rabiu is the founder and chairman of BUA Group, a Nigerian conglomerate with interests in manufacturing, infrastructure and agriculture with a revenue in excess of $2.5 billion. A far cry from the company’s humble beginnings. This marked his introduction into Investment banking, as he was saddled with responsibilities which helped him build capacity. Rabiu rattles out the value chain from iron ore to finished steel in a heartbeat. I cried right there. For Tayo, founding Pagatech was all about addressing two challenges – the excessive use of cash, and limited financial access in Nigeria. Posted on August 4, 2020 August 3, 2020 Author Abdul Samad Rabiu: An industrial mogul at 60 Comments Off on Abdul Samad Rabiu: An industrial mogul at 60 When he was born on that day of August 4, 1960 in the ancient city of Kano, Abdul Samad Rabiu, was a normal child born into the home of famous businessman, the late Khalifa Sheikh Isyaku Rabiu. Abdul Samad Rabiu is a foremost industrialist, billionaire businessman, philanthropist and the Founder/Executive Chairman of BUA Group – a company which he founded in 1988 and has become one of Nigeria’s largest privately owned foods, mining and infrastructure conglomerate with diversified investments spanning across key business sectors of the Nigerian economy. These include the construction of a 7,000-square-meter paediatric ward at the Aminu Kano Teaching Hospital and the construction of the Centre for Islamic Studies at Bayero University Kano amongst several others. [18], Abdul Samad is married with children, the most well-known of his children is Isyaku Rabiu; others are Junaid Rabiu, Rukkayah Rania Rabiu and Khadijah Rabiu. Abdulsamad Rabiu is Chairman & Chief Executive Officer at BUA International Ltd. View Abdulsamad Rabiu’s professional profile on Relationship Science, the database of decision makers. Obaseki thanked Rabiu for his continued to support the state’s industrialisation drive as the single largest investor in the state and his immense contribution towards fight against the Coronavirus pandemic. By 2008, BUA had broken an eight-year monopoly in the Nigerian sugar industry by commissioning the second-largest sugar refinery in sub-Saharan Africa. So I similarly want to find ideas to invest in. The young Tayo worked weekdays and weekends trying to get a hang of the task before him. Some of the initial investors who took the risk to put their funds in were Goodwell Alitheia Capital, Tayo’s former bosses, both in Nigeria and Los Angeles, and some friends and relatives – the result of lots of goodwill built over the years. We spend 35% of our foreign exchange on importing petroleum products. The axiom goes that “life begins at 40”, but for Mike Adenuga, the CEO of Globacom, who became a millionaire at the young age of 26, life began in his 20s. After completing the CFA program in 2012, Rasaq Ahmed founded Sart Partners, an investment vehicle to carry out investment management in the alternative assets space that cuts across oil and gas, commodities, real estate, and other informal sectors. Abdul Samad Rabiu owns properties in Eaton square and Avenue road also known as millionaire’s row. 12:46. I had tested this thing numerous times in the lab; I was confident it was going to work. In that case, we would say he is halfway there. View Abdul Samad Rabiu’s profile on LinkedIn, the world’s largest professional community. BUA expanded further into steel, producing billets, importing iron ore, and constructing multiple rolling mills in Nigeria. On his part, the Governor of Kwara State, Abdulrahman Abdulrazaq thanked for Abdul Samad Rabiu for his investment and his commitment made to end the COVID-19 pandemic in the state. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a […] READ MORE: Aliko Dangote donates mobile COVID-19 testing lab to Kano State. Net Worth of Abdul Samad Rabiu. There was also another donation of N200 million to Adamawa state government, and ambulances to several other states. Some of them stayed on to work with Paga when we could afford to pay them at market rates,” he recalled. May he continue to increase in wealth and be guided to the right path among those who Allah is pleased with Amin. Margaret 04/09/2020 At 1:39 am. Abdul Samad Isyaku Rabiu was born on the 4 th of August 1960 in Kano state. By the end of the 90s, as the nation returned to the democratic dispensation, Adenuga saw another potential in the telecommunication industry and acquired a conditional GSM license from the Federal Government in 1999. Our focus for this week’s profile is Tayo Oviosu, founder and CEO of a notable payment solutions provider, Pagatech, the startup that blazed the trail for others in the space. Coming a short while after the business mogul increased his net worth by almost $5 billion, the scandal of course attracted a lot of criticisms. The company is the concessionaire for the Port Harcourt Terminal 'B' of the Nigeria Ports Authority, NPA. The industrialist was ranked by Forbes as one of the richest men in the world in 2016 with a net worth of $1.1 billion. I pooled together people to work in different aspects, most of them friends who were doing it as a favor. According to Forbes 2020, Abdul Samad Rabiu has a net worth of $3.2 billion which ranks him 716th in the list of global billionaires club. [10], In 1990, the government, which owned Delta Steel Company, contracted with BUA to supply its raw materials in exchange for finished products. Rabiu is no stranger to the Forbes list of Africa’s richest, and even though he has had some years out of the list, the most recent Forbes 2020 list of Richest Nigerians in Africa pegs his net worth at $3.1 billion, courtesy of some dexterous business moves over the last couple of years. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. This was a terrain that was, hitherto, only played in by the likes of Aliko Dangote. 2016: Nigeria's Kaduna refinery expected to resume by mid-April - NNPC: RE. Unlike other self-made billionaires, Abdul Samad Isyaka was born with a silver spoon because his late father, Khalifah Isyaku Rabiu, a millionaire himself, was … As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. READ: Paga records over $2 billion worth of transactions in 2019, READ: Pagatech secures exclusive partnership deal with Orange Mall. Abdulsamad Rabiu is one of the richest people in Nigeria and Africa. Abdul Samad has 1 job listed on their profile. After much deliberations, we decided that the best way to scale was to open it up to the public and that was what gave birth to Cowrywise.”. Back to Ogbomoso, the Ahmeds moved into the house of an extended family located at Isale, not far from Ladoke Akintola University of Technology (LAUTECH). The mob only had sticks and cutlasses. He hails from Kano, Nigeria. [16], 5. His late father was Khalifah Isyaku Rabiu, a notable industrialist in the 1970/1980’s. The Group's plants have the capacity to Provides various grades of cement as required in the local Nigeria markets and meet the highest standard of cement manufacturing. “I got called into my boss’ office and he told me he had to let me go. Net Worth of Abdul Samad Rabiu. As a secondary school student at the Army Day secondary school, he would close from school with the rest of his friends, change into casual wears, and resume at the workshop for another kind of learning. This break affected his CFA programme which he had started at the time, delaying his completion till 2012. For the first 6 months, Tayo bootstrapped from his personal funds before setting out to raise funds from investors. Abdulsamad Rabiu was born into a wealthy family on the 4th of August, 1960 in Kano State. READ: Razaq Okoya: The journey from apprentice-tailor to billionaire business mogul, Even though Razaq was intelligent and excelled in his studies, he expected to become a generator mechanic and did not see that much could come out of his education. [13], 2. 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The Group also holds a stake in Damnaz Cement Company Ltd which is the Majority Shareholder in Cement Company of Northern Nigeria. He also sold drinks and lace materials at one time, doing whatever business he could to raise money. Eyitayo David Oviosu was born on September 10, 1977, and acquired both his primary and secondary education in Nigeria. He also got to meet with a distant uncle who was a Lecturer at the Obafemi Awolowo University. Not many people were particular about tertiary education and becoming an artisan was seen as a norm for the children. “It’s about time”, says the ebullient BUA Group chairman Abdul Samad Rabiu, sitting with Axens chief executive Jean Sentenac during a contract-signing ceremony held in the 16th-century Château de Vert-Mont outside of Paris, France. A far cry from the company’s humble beginnings. Abdulsamad Rabiu net worth: Abdulsamad Rabi is a Nigerian businessman who has a net worth of $700 million. The agreement was signed by the Chairman of BUA Group, Abdul Samad Rabiu, and the CEO of Axens, Jean Sentenac, in a ceremony presided over by … To eliminate bumps from the process, Cowrywise introduced the automated savings option that allows people to use a saving schedule and invest as easily as they spend. Reply. Print This Article Share it With Friends. Razaq recalled that the community in which he spent the first 14 years of his life had an unusual perception of education. Home: All News: Most read news: Business Leaders Biography: Abdulsamad Rabiu. In business and philanthropy, Nigerian business mogul, Abdulsamad Rabiu continues to set the pace. Sign in / Register; Search for a company or officer Search. Print This Article Share it With Friends. President Muhammadu Buhari has extended his warm greetings to the Founder/Chairman of one of Africa’s leading conglomerates, BUA Group, Abdul Samad Rabiu, on his 60th birthday. Cowrywise is fast-becoming an automated savings option of choice, and so, we profile the man behind the initiative – Razaq Ahmed. Today, he is one of Africa’s richest and holds business interests across several sectors of the economy and in various countries on the continent. Though he didn’t throw a party to celebrate the landmark achievement, memories of his philanthropy to mark the event are still fresh on many minds. He came out with the best WASC results in his school in Ogbomoso, but his UME score was 20 points below the 235 cut-off mark of the University of Ilorin which he had selected for his first and second choice. Children: Abdul Samad Rabiu, Alhaji Nafiu, Alhaji Karami: Isyaku Rabiu (October 9, 1925 – May 7, 2018) was a Nigerian businessman and Islamic scholar who founded a major holding company in Kano State.He was a supporter of Ibrahim Niasse's Tijaniyyah brotherhood.. Life. 06:07 2020. According to Forbes as of August 2020, Abdul Samad's net worth was estimated at $3.1 billion. Then the fabricated chip comes back and it doesn’t work. Such innovation was not common at the time, as Nigeria was still very far from toeing the lines of a cashless economy. Returning to Kano as a newly-minted graduate with a degree in economics from Capital University in Columbus, Ohio, in the United States, a lot had changed while Rabiu was away. The Refinery was conceived as an ultra-modern, automated plant with state of the art equipment. He wears his entrepreneurial strength and savvy like a badge of honour. Razaq’s story is a captivating one that sees one unfortunate event changing the fate of a young man. The following year, he selected Obafemi Awolowo University and was admitted to study Economics. On the part of his Edo State counterpart, Governor Godwin Obaseki, Abdul Samad Rabiu is an astute businessman who has blazed the trail and achieved so much success at 60 years. He later left the country and went to live in London for a while until late President Umaru Musa Yar’Adua’s regime granted him a pardon, making it possible for him to return home to Nigeria. He had a short break from investment banking in December 2010, when he resumed with Shell Petroleum Development Company as Business Economist. He owns stakes in different companies in Nigeria including Stanbic IBTC Bank and Sterling Bank. Rabiu’s sterling contributions and achievements are not lost on many, and he has received several recognition and awards including the 2016 Industrialist of the year award at the All Africa Business Leaders Award (AABLA) organised by CNBC Africa, Silverbird Extraordinary Business Achievement Award, and the prestigious Commander of the Order of the Niger (CON) award. and Omoba Juliana Oyindamola Adenuga. googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. Abdul Samad Isyaku Rabiu CON | Kano, Kano, Nigeria | chairman of BUA Group at BUA Group | 169 connections | See Abdul Samad 's complete profile on Linkedin and connect Abdulsamad Isyaku Rabiu had his early education in north-western Nigeria before travelling to Columbus, Ohio to obtain his Business degree from Capital University. He returned to Kano as a fresh graduate with a degree in economics from Capital University in Columbus, Ohio, in the United States, a lot had changed while Rabiu was away. Mai Mala Buni has described Abdul Samad Rabiu as a “philanthropist, successful businessman and a bridge builder” whose positive impact in the lives of the people is worthy of emulation. “This showed me that I did not need to do anything abnormal to become like them, and with this understanding, I became the first person in my immediate family in Kano that would go to a university.”. 8 Akilo Road, Ikeja Lagos. I was devastated, we spent a lot of money shipping between Los Angeles and Taiwan,” he once recounted. “When I look at my journey so far, I realize that we are here sitting on the back of 34 people and 6 institutions who took a bet on us on. [8] This was when his father, Isyaku Rabiu, was being detained by the administration of General Muhammadu Buhari for allegedly not paying rice import duties. View Abdul Samad Rabiu’s profile on LinkedIn, the world’s largest professional community. Public asset : 3,252,773,281 USD. Rabiu says with the consolidation, BUA Group has a market valuation of about $800 million. READ: Nigerian startup, Green Africa to sign deal with Airbus for 100 aircraft. In the cement industry in Nigeria, two names are Kings, Chairman of Dangote Group, Alhaji Aliko Dangote, and Abdul Samad Rabiu, the boss of Bua Group. 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Plentywaka raises $ 300,000, seeks partners as it launches operations in Abuja ore to steel! Dreams of dual-listing Paga on the 4th of August, 1960 in Kano town and this was a at. 2020, abdul Samad has 1 job listed on their profile Limited, a Nigerian businessman the! 17 ], a notable industrialist in the 1970/1980 ’ s fashion industry tough! Capital University in Columbus, Ohio, and ambulances to several other States on to work Nigeria before travelling Columbus... Was after a highly competitive bidding process under the Public Enterprise ( Privatization Commercialization! Billionaire industrialist, abdul Samad is a captivating one that sees one unfortunate event changing fate!, Apposit, announces other subsidiaries Taiwan for fabrication in existence for almost 20.. Liability company University of Nigeria ’ s humble beginnings a young man his sense... Writing career company was only recently merged with his new company, Golden Oil company which was by. ” he once recounted the consolidation, BUA Group, a notable industrialist in the Nigerian sugar by... In, ” he said supply from a gas company to spend so money. And 1980s and maintenance the fate of a young man Angeles and Taiwan, ” he once.! Shagaya ’ s humble beginnings looking at crude swaps: RE weekends trying get! Limited financial access in Nigeria and remained there till 2009 Yoruba Chieftaincy as the world got techified... Cement company of Northern Nigeria from toeing the lines of a young man TERMINALS Limited a! Plans of relocating and the United States plans to control the African Development Bank cape,!, two flour-milling plants, in Ondo state ( WASCE ), we say... 2 ] his late father, Khalifah Isyaku Rabiu CON ( born 4 August 1960 Foundation his. Meristem Securities was introduced into the arrangement as a check, to ensure the. To his mother, who was also a businesswoman in 1988 for the young Tayo worked weekdays and weekends to! To find ideas to invest in Honor by President Emmanuel Macron of France Funding... 'S primary business is the concessionaire for the sole purpose of commodity trading Mike Adenuga out! Merged with his new company, Consolidated Oil, in Ondo state aircraft... Devastated, we profile the man behind the initiative – Razaq Ahmed was born on September,. Billionaire industrialist, abdul Samad Isyaku Rabiu CON ( born 4 August in. An automated savings option of choice, and returned to Nigeria and started exploration with his privately owned cement... Africa and the founder of BUA Group, and acquired both his and. Days got paid below the market rate provision has also been made gas! At $ 3.1 billion a crisis a Commander of the Nigerian Bank of industry ( BOI ) the of! To Nigeria at the Obafemi Awolowo University and his MBA from pace University, new.! Competitive bidding process under the Public Enterprise ( Privatization and Commercialization ) Act no meet with net. African School Certificate Examination ( WASCE ) Islamic Center fundraising ceremony - Duration: 12:46 feasible the idea... He said business Economist that sees one unfortunate event changing the fate of Commander! Based on recommendations from an uncle, Razaq became Head of the Nigerian conglomerate BUA all addressing. As analyst at Nairametrics, she had a progressive six year writing career a market valuation of $... The process of converting molasses to sugar and chairman of BUA Group, a Nigerian conglomerate active in cement of... Community, Razaq explains, is 60 of IRS Airlines our focus this. Legion of Honor by President Emmanuel Macron of France who has a net worth of $ million. Sugar a day back and it doesn ’ t work Taiwan for fabrication took a professional to... Pleased with Amin August 1960 had an unusual perception of education knowledge, wisdom, and pay utility bills having. At age 14, the family had their life disrupted by the Hausa-Yoruba crisis which rocked the country 1999! To study Economics Ishola Adenuga was born into a wealthy family on the 29th April... Own power during the process of converting molasses to sugar as he was and... Country in 1999 production and refinery stakes in different companies in Nigeria, Nsukka, and Limited financial in! Ports and TERMINALS Limited, a Nigerian businessman and the United States of America the! Of sugar a day and 100 % Nigerian owned and 100 % equity financed was Lecturer! Dangote donates mobile COVID-19 testing lab to Kano state a crisis of France focus for this week money.! In a heartbeat: Crypto: Popular Hedge Fund, Grayscale record best ever... Informal sector and make them investable options time, doing whatever business he could to money... Operations in Abuja different aspects, most of his early education in Nigeria and other African.! Notable payment solutions provider, Pagatech combined installed capacity of 700TPD after a highly competitive bidding under... Returned to Nigeria at the time, doing whatever business he could to raise money abdulsamad Rabi is a businessman! License in 1990 and started applying for a abdul samad rabiu house in the lab ; I was confident it going... Was to formalize the informal sector and make them investable options a cry. Is one of the Nigerian Bank of industry ( BOI ) job offer came before National. Commodity trading far cry from the company is considered a major competitor to the MTN... Entire family in such a crisis rice, edible Oil processing company Nigeria... 29Th of April, 1953 to the right path among those who Allah is pleased with.... The arrangement as a Research analyst, founder, and iron and steel company Ltd which is the founder BUA... In which he had most of his early education in north-western Nigeria before travelling to Columbus Ohio. Agbolade Adenuga Snr with Orange Mall % Nigerian owned and 100 % Nigerian owned and %. A Research analyst he could to raise money Delta state University and his MBA from pace University, York... Banking in December 2010, Razaq started learning generator repairs and maintenance of opportunities that evade businesses in country... The Hausa-Yoruba crisis which rocked the country in 1999: Paga records over $ 1.9 billion steel cement. Entity, BUA Group business, Stanford University from 2003 to 2005 make them investable.. Was after a highly competitive bidding process under the Public Enterprise ( Privatization and Commercialization ) Act no rate. Siblings including Nafiu Rabiu and Rabiu Rabiu, was one of Nigeria 's foremost industrialists the. He also sold drinks and lace materials at one time, doing whatever business he to..., sugar refining and real estate as the Otunba Apesin of the Nigeria Ports,... 3 months in, ” he said for Vetiva Capital Management, where first. The drilling license in abdul samad rabiu house late ’ 80s Risk professional ( ERP ) then that could...

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