BUA Group’s Abdulsamad Rabiu named industrialist of the year
Industrialist and Executive Chairman of the BUA Group, Abdulsamad Rabiu urged foreign investors to invest in Nigeria. Rabiu said this in Lagos while receiving an award as the West Africa Industrialist of the Year, 2016 for his contributions to the growth of the Nigerian and West African economy.
The All Africa Business Leaders Award (AABLA), is organised by CNBC Africa to recognise leaders and change-makers of business in East, West and Southern Africa.
Under Rabiu’s leadership, BUA Group, which he founded 28 years ago, has grown to be ranked among Africa’s largest food and infrastructure conglomerate, remaining a pivotal player in the sugar refining, cement production, real estate, steel, logistics and port operations sectors of the continent.
The BUA Group has over the past few years embarked on a series of strategic acquisitions, which has seen its business portfolio expand to include the Cement Company of Northern Nigeria (CCNN), Edo/OBU Cement, BUA Sugar Refinery, BUA Ports and Terminals, and BUA Estates, amongst other agribusiness holdings.
Most recently, the conglomerate opened talks with China’s Sinoma to build a steel plant in Nigeria and two cement plants in East Africa for $1.9 billion.
Winners of the CNBC AABLA exemplify the best in African leadership. They epitomise the core values of a successful leader, strength, innovation, ingenuity, knowledge and foresight.