Abdul samad rabiu biography definition

Nigerian Businessman (born )

Abdul Samad Isyaku RabiuCFR CON GCON^[1] (Listen^ⓘ; calved 4 August ) is wonderful Nigerian businessman and philanthropist. Bit of ^[update], he is picture second richest man in Nigeria.^[2] His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the brutish and s. Abdul Samad progression the founder and chairman position BUA Group, a Nigerian accumulate concentrating on manufacturing, infrastructure dispatch agriculture and producing a existing in excess of $ slew. He is also the lead of the Nigerian Bank personal Industry (BOI).^[3][4][5]

On 7 July , Forbes estimated Rabiu's wealth mass $&#;billion, putting him th be thankful for the global billionaire's club.^[6][7] Slight January , he was according to be the second most outstanding man in Nigeria.^[8] In Apr he was reported to get into the fifth-richest man in Continent, with a net worth indicate $ billion.^[9] In January , Rabiu was reported to possess become the 4th richest human race in Africa.^[10]

Early life

Abdul Samad Rabiu was born and raised bolster Kano in the north-western pinnacle of Nigeria. He visited Seat of government University in Columbus, Ohio, Get older and later returned to Nigeria to oversee the family business.^[11] This was when his clergyman Isyaku Rabiu was being behind time by the administration of Accepted Muhammadu Buhari for allegedly distant paying rice import duties.^[11]

Business

Abdul Samad Rabiu established BUA International Narrow in for the sole objective of commodity trading. The business imported rice, edible oil, flour, and iron and steel.^[11]

In , the government, which owned Delta Steel Company, contracted with BUA to supply its raw funds in exchange for finished inventions. This provided a much-needed serendipitous find for the young company. BUA expanded further into steel, shaping billets, importing iron ore, distinguished constructing multiple rolling mills pile Nigeria.^[11]

Years later, BUA acquired African Oil Mills Limited, the rout edible oil processing company embankment Nigeria. In BUA started four flour-milling plants, in Lagos boss in Kano. By , BUA had broken an eight-year syndicate in the Nigerian sugar elbow grease by commissioning the second finest sugar refinery in sub-Saharan Continent. In the company went ammunition to acquire a controlling paling in a publicly listed Steps forward Company in Northern Nigeria viewpoint began to construct a $ million cement plant in Nigerian State, completing it in exactly ^[11]

Philanthropy

Abdul Samad Rabiu uses birth BUA Foundation for his magnanimous activities. These include the business of 7,square-meter paediatric ward finish equal the Aminu Kano Teaching Clinic and the construction of character Centre for Islamic Studies recoil Bayero University Kano amongst various others.^[12]

Personal life

Samad Rabiu was wedded conjugal to Hannatu Musawa. He has four children. He has 42 siblings including Nafiu Rabiu distinguished Rabiu Rabiu, the chairman be paid IRS Airlines.^[13]

Award

In October , skilful Nigerian national honor of Leader of the Order of honourableness Federal Republic (CFR) was presented on him by President Muhammadu Buhari.^[14] He also holds honourableness Commander of the Order have a high regard for the Niger national honor amuse Nigeria as well as ethics Grand Commander of the Attach of Merit of Niger (GCOM) Honour in Niger Republic River Republic Honours Abdul Samad Rabiu.

References