Nigeria Today explores one of Nigeria’s wealthiest men, Abdul Samad Rabiu as he celebrates his 60th birthday today.

Abdul Samad Rabiu is the chairman of BUA Group and third richest man in Nigeria with an estimated net worth of $3.2 billion. In July 7, 2020, Forbes listed him as the 8th richest man in Africa.

Here are 5 things you probably don’t know about him:

1. HE AND DANGOTE COME FROM THE SAME STATE

Abdul Samad Rabiu was born on 4th August 1960. He hails from Kano State, Nigeria. His late father was Khalifah Isyaku Rabiu, a notable industrialist in the 1970/1980’s. 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 returned to Nigeria in 1984 to manage his father’s estate as he was being detained by the military regime of General Muhammadu Buhari for alleged failure to pay rice import duties.

2. BUA FIRST MADE ITS FORTUNES FROM STEEL

Abdul Samad Rabiu started BUA International Limited in 1988 to concentrate on commodity trading of imported rice, edible oil, flour, iron, and steel. He had a contract with government-owned Delta Steel Company in 1990 to provide raw materials in exchange for finished products. This business adventure launched the company into its financial explosion, as it expanded further into steel, production of billets, importation of iron ore, and construction of multiple rolling mills.

In the following years, BUA acquired Nigerian Oil Mills Limited as the biggest oil processing company in the country. It established two flour-milling firms in Lagos and Kano in 2005.

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