MOTIVATIONAL PERSONALITY FOR THE WEEK: ABDUL SAMAD ISYAKU RABIU
Abdul Samad Isyaku Rabiu was born on the 4th of August 1960 in Kano state. He had most of his early education in Kano and later obtained his Bachelor Degree in Economics from Capital University in Columbus, Ohio. Abdul returned to Nigeria at the age of 24 to overseer the family business.
Abdul’s success in handling the crises of his family’s business inspired him to venture off on his own and in 1988, Abdul founded BUA international Limited (a Nigerian conglomerate active in cement production, sugar refining and real estate).
Later on, BUA acquired Nigerian Oil Mills Limited( the largest edible oil processing company in Nigeria at that time). In 2008, BUA broke the monopoly in the Nigerian sugar industry by commissioning the 2nd largest sugar refinery in sub-Saharan Africa.
BUA went ahead in 2009 to acquire a controlling stake in a publicly – listed cement company after which it began the construction of a cement plant in Edo state and completed it in 2015.
BUA has since expanded into various subsidiaries namely; BUA Sugar, BUA Oils, BUA Ports and Terminals, BUA Cement and BUA Estates.
Abdul’s persistence, tenacity, and business strategy strengthened his foothold in port management, cement manufacturing, flour and oil milling, oil and gas, shipping and real estate businesses in Nigeria, the BUA Group founder has had to face ferocious competition from either rivals or regulators, navigating through these various industries has led to establishing his brand within the country and even beyond.
He had a big breakthrough early January 2020 when he merged Kalambaina Cement (a subsidiary of his BUA Cement) with the publicly traded Cement Company of Northern Nigeria (CCNN), in which he was a controlling shareholder.
Abdul’s finesse as BUA Chairman landed him the role of the Bank of Industry (BOI)’s substantive Chairman in 2014 until his retirement.
Abdul has also engaged in numerous Philanthropic activities which includes 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 many others.
He also has a foundation known as BUA Foundation.
Abdul contributed instrumentally to the fight of COVID-19 in Nigeria by pledging and redeeming ₦1 billion to the COVID-19 relief fund account. He is listed under Forbes’ African Billionaires List, as one of the Richest Nigerians in Africa with a net worth of $3.1Billion.
Source: connectnigeria.com, en.wikipedia.org, www.sunnewsonline.com
Photo credit – theafricaceoforum.com