Abdulsamad Rabiu
Cement, sugar · Lagos
Net worth
$12.3B
Today
−$176−0.00%Past month
−$143M−1.15%As of Nov 11, 2026, 1:50 PM EST
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.2% of it. He also owns 95% of publicly traded food conglomerate BUA Foods. Rabiu, the son of a businessman, inherited land from his father. He set up his own business in 1988 importing iron, steel and chemicals.
Net worth over time
Principal holdings
3 positions| Company | Industry | Share | Value |
|---|---|---|---|
BUA Foods Plc NIGERIA: BUAFOODS-NG | Diversified | 52.5% | $6.5B |
BUA Cement PLC NIGERIA: BUACEMENT-NG | Diversified | 39.7% | $4.9B |
Private and other holdings | Diversified | 7.8% | $965M |
Also known for
- His foundation, the Abdul Samad Rabiu Initiative, supports education, health and social development projects across Africa.