₦airaland Forum

BUA CALLS FOR STRONGER STATE–PRIVATE SECTOR PARTNERSHIPS AT NBCC MEET THE GOVERNOR SERIES ...AS GOVERNOR OTTI UNVEILS ABIA INVESTMENT AGENDA

BUA Group, Nigeria's leading foods, manufacturing, infrastructure and mining conglomerate, has called for deeper collaboration between Nigeria’s state governments and the private sector to unlock investment, accelerate industrialisation and create sustainable economic opportunities across the country.

BUA Group made the call at the 2026 Nigerian-British Chamber of Commerce (NBCC) Meet the Governor Series in Lagos, where BUA served as Lead Sponsor and the Governor of Abia State, Dr. Alex Chioma Otti, OFR, presented his administration’s economic transformation and investment agenda.

The conversation, themed “Repositioning Abia for Enterprise, Industrialisation and Sustainable Economic Growth,” centred on a question increasingly important to Nigeria’s economic future: how states can create the infrastructure, institutions and policy environment required to attract productive private capital.

Speaking on behalf of the Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu, CFR, CON, the Managing Director of BUA Foods Plc, Engr. Ayodele M. Abioye, said Nigeria’s economic transformation would increasingly depend on the capacity of its states to become competitive destinations for investment.

“Subnational governments are critical to Nigeria’s economic transformation. They are important drivers of infrastructure development, industrial growth, investment attraction and job creation,” Abioye said.

“For investors, however, ambition must be matched by the right environment. Transparency, policy consistency, regulatory certainty, security and infrastructure all matter when businesses are making long-term investment decisions.”

He added that this principle has informed BUA Group’s approach to investment and expansion across Nigeria.

“At BUA Group, we firmly believe that sustainable economic development is driven by enterprise, innovation and strategic private-sector participation. This conviction continues to guide our investments and collaborations across Nigeria.”

Governor Otti, who declared that “Abia is open for business,” used the forum to set out the state’s proposition to investors, identifying opportunities across agribusiness and agro-processing, trade and markets, the creative and digital economy, manufacturing and industrialisation, SME development, inclusive finance, and diaspora investment and innovation.

He said his administration was deliberately directing public resources towards creating the conditions in which private enterprise could thrive, with 80 per cent of Abia State’s ₦1.016 trillion 2026 budget allocated to capital expenditure.

According to the Governor, infrastructure remains central to that strategy. “Enterprise needs infrastructure. Roads move goods, light creates safety, and movement creates commerce. Abia is building the physical platform for investments,” Otti said.

He also highlighted investment opportunities in livestock and dairy, cashew and cocoa, rubber processing, garment manufacturing, ceramics, leather and tannery operations, healthcare, tourism, power, transport and logistics, alongside planned industrial and commercial developments.

Abioye commended the Governor’s emphasis on enterprise, infrastructure and institutional reform, noting that the conversation in Abia reflected a wider imperative for states across Nigeria.

For BUA, he said, productive collaboration between government and business must ultimately translate into investments that expand local production, strengthen value chains, create employment and deepen economic activity.

He reaffirmed BUA’s willingness to continue engaging governments and credible institutions committed to building sustainable environments for enterprise and long-term investment.

The President and Chairman of the Council of the Nigerian-British Chamber of Commerce, Prince Abimbola Olashore, said Abia’s entrepreneurial culture, particularly Aba’s longstanding strength in trade, manufacturing and indigenous enterprise, provided a strong base for further economic expansion.

He stressed that businesses require predictable policies, responsive institutions, infrastructure, security and access to markets, while describing government and the private sector as complementary partners in the creation of sustainable economic value.

The event was also attended by the British Deputy High Commissioner, Jonny Baxter; Professor of Economics at Lagos Business School, Prof. Bongo Adi; senior policymakers, investors and business leaders.

BUA Group was recognised by the Nigerian-British Chamber of Commerce as the Lead Sponsor of the 2026 Meet the Governor Series, underscoring the Group’s continued support for platforms that advance constructive engagement between government, investors and the organised private sector.


https://dailypost.ng/2026/09/11/bua-calls-for-stronger-state-private-sector-partnerships-at-nbcc-meet-the-governor-series/

The truth is, emotions blindfolded a lot of Nigerian youth then and they are bereft of the volume of information about Peter Obi. Now armed with so much and having had time to reflect, the true perception of Peter Obi has come forth. No matter what or how people feel, our vote has the final say with the backing of God!

How nao

[/b]You literarily put my conclusion about this Lagos State Governor on record. It is quite unfortunate for Lagosians and Lagos as every part of the city is drifting apart without any form of reaction from the government.[b]

mohbadliveson:
By Temidayo Akinsuyi



https://www.thecable.ng/sanwo-olu-from-a-promising-start-to-a-troubling-finish/

Have you a business before in this climate? Have you borrowed money from banks with the current interest rate? Have you paid taxes running into hundreds millions while providing the infrastructure you business needs to keep running? Please think twice before making allegations that you cannot substantiate.

ViceGovernor:
They make all these gains as a result of unfair/unethical business practices and discriminatory pricing models.

There should be a price floor (minimum amount cement can be sold) and price ceiling (maximum amount cement can be sold).

That is an area where communism and socialism beats democracy, all business are fair and regulated by the state.

BUA CEMENT PROFIT JUMPS 80% TO N324.9BN ON COST DISCIPLINE, NEW MARKETS ENTRY

LAGOS – JULY 23, 2026

BUA Cement recorded a net foreign exchange gain of N16.57 billion during the first half of 2026 compared with only N782.8 million in the same period last year and a N9.70 billion foreign exchange loss for the full 2025 financial year.

This marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency adjustments experienced over the previous two years.

The improvement helped reduce overall net finance costs to just N3.41 billion, compared with N31.37 billion in the corresponding period of 2025, despite the company continuing to carry substantial borrowings. Finance income also increased sharply to N18.73 billion, supported by higher interest earned on cash balances.

BUA Cement continued to generate significant operating cash flows despite paying substantial dividends and investing heavily in capacity expansion.

Net cash generated from operating activities stood at N278.45 billion, demonstrating the business’ strong cash conversion capability. Capital expenditure reached over N60.67 billion, largely invested in property, plant and equipment as the company continues expanding production capacity.

Property, plant and equipment increased to N1.22 trillion from N1.18 trillion at the end of 2025, reflecting continued investment in production assets and projects under construction. Construction work-in-progress alone rose to about N183.86 billion, highlighting ongoing expansion activities.

The earning note stated that BUA Cement is progressing with plans to expand installed production capacity from 17 million metric tonnes per annum to 20 million metric tons, including the construction of a greenfield cement plant in Ososo, Edo State.

Commenting on the results, Yusuf Binji, managing director and chief executive officer, said the company remained focused on capturing new growth opportunities while maintaining cost discipline.

[/i]“We have delivered a strong quarter despite the constraints encountered,” Binji said.

He noted that the company’s growth initiatives and cost optimisation programmes were gaining traction and expressed confidence that ongoing process improvements would deliver higher productivity and better cost management in the coming quarters.

[i]“I am very encouraged by our outlook and performance over the next quarters,” he added.

What of a widower? May the Lord have mercy and give us understanding.

Re: False Claims Of Bid To Acquire Stake In Kano Pillars Football

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

Signed:
BUA Group
29 June 2026

https://www.facebook.com/100064336765639/posts/1446253127529232

I want to believe he is the same person.

BUA CEMENT REWARDS TOP DISTRIBUTORS AT 2025 DISTRIBUTORS’ AWARDS NIGHT

THURSDAY, APRIL 25, 2026 | LAGOS, NIGERIA

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Lagos, Nigeria – BUA Cement Plc has recognised and rewarded its top performing distributors across Nigeria at the 2025 edition of its annual Distributors’ Awards, held at the Eko Hotels and Suites Convention Centre, Lagos.

At the ceremony, outstanding distributors were rewarded with a range of prizes including cash awards, Sports Utility Vehicles, and compressed natural gas (CNG) trucks, in recognition of their exceptional performance and contribution to the Company’s growth during the year under review.

The two top distributors received cash prizes alongside two CNG trucks each, while other leading distributors were presented with one CNG truck each in addition to monetary rewards. Ten distributors were also awarded brand new 2025 Toyota RAV4 vehicles alongside cash prizes. Regional Champions were rewarded with 900 bags of cement each. In total, 30 distributors were recognised across four categories including Regional Champions, Pacesetters, Powerhouse, and Market Dominators.

Speaking at the event, the Managing Director of BUA Cement Plc, Engr. Yusuf Binji, commended the distributors for their commitment and resilience, noting that the Company remains focused on strengthening partnerships across its value chain.

“BUA Cement values its distributors and has consistently provided incentives to motivate them to achieve even greater results. I want to specially recognise all our dealers across the country. We see you, we value you, and we are working tirelessly to improve our supply chain to make your businesses safer and more profitable, including the many livelihoods that depend on BUA Cement,” he said.

Also speaking, the Chairman of BUA Cement Plc, Abdul Samad Rabiu (CFR, CON), described the awards as a reflection of the Company’s appreciation for the loyalty and performance of its distributors.

“This awards ceremony is to acknowledge the efforts of our distributors who have shown resilience and have grown with BUA Cement Plc over the years through their outstanding performance. Their role goes beyond selling cement. They are key contributors to socio economic development across the country,” he stated.

He further noted that Nigeria’s growing population presents significant opportunities for distributors to expand and deepen their impact, assuring them of the Company’s continued support.

“We are making concerted efforts to increase our production capacity with the addition of Line 6 in Sokoto and the forthcoming 3 million tonnes per annum Ososo plant. These investments will improve efficiency and ensure we meet growing market demand. In addition, to further demonstrate our appreciation, all our dealers will receive a N30 per bag bonus on all volumes purchased in 2025, with a total sum of N4.5 billion earmarked for this initiative,” he added.

The event was attended by prominent industry leaders, business partners, and stakeholders, including Chairman of Dangote Group, Aliko Dangote, making it a memorable evening of recognition, celebration, and renewed commitment to growth.

BUA Chairman Abdul Samad Rabiu Tops Africa’s Wealth Gains in the 2026 Forbes Rankings as His Fortune Jumps 120% to $11.2 Billion, Rising to 3rd Place; Aliko Dangote Remains No.1

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Billionaire Industrialist, Philantropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in the 2026 Africa’s Richest People ranking published by Forbes, after his net worth rose sharply over the past year.

According to the latest Forbes list, Rabiu’s wealth surged 120 percent to $11.2 billion, representing the largest increase recorded among the continent’s billionaires in the latest ranking. The jump moves Rabiu, who is Nigerian, to third place among Africa’s richest individuals, up from sixth position a year ago.

The rise in Rabiu’s fortune was driven largely by the strong performance of BUA Cement, his flagship publicly listed company, whose shares surged by 135 percent over the past year. The rally significantly outpaced gains in the broader Nigerian Exchange, which has itself recorded strong growth amid improving investor confidence.

Forbes estimates Rabiu’s net worth at $11.2 billion, placing him behind luxury goods tycoon Johann Rupert, whose fortune is estimated at $16.1 billion, and Africa’s richest man Aliko Dangote, who retains the top position with an estimated $28.5 billion.

Rabiu’s rise underscores the growing influence of Nigeria’s industrial sector and the expanding footprint of BUA Group, which has built major operations across cement manufacturing, food processing, sugar refining, infrastructure, mining and energy.

The latest Forbes ranking also highlights a broader surge in wealth across Africa’s billionaire class. The continent’s 23 billionaires now hold a combined net worth of $126.7 billion, representing a 21 percent increase from the previous year, as major equity markets rallied and regional currencies stabilised.

Nigeria remains one of the continent’s leading centres of billionaire wealth, accounting for four individuals on the list, including Dangote, Rabiu, telecommunications magnate Mike Adenuga, and energy investor Femi Otedola.

Forbes said the 2026 ranking was calculated using stock prices and exchange rates as of March 1, 2026, with privately held companies valued using comparable industry benchmarks.

Rabiu’s leap in the ranking reflects not only the strong performance of BUA Cement but also the broader momentum of Nigeria’s capital markets and the continued expansion of large scale industrial enterprises across Africa’s largest economy.

Analysts say the development signals growing investor confidence in African manufacturing and infrastructure driven businesses, sectors that are increasingly central to the continent’s economic transformation.

BUA Chairman Abdul Samad Rabiu Tops Africa’s Wealth Gains in the 2026 Forbes Rankings as His Fortune Jumps 120% to $11.2 Billion, Rising to 3rd Place; Aliko Dangote Remains No.1


[img][/img]

Billionaire Industrialist, Philantropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in the 2026 Africa’s Richest People ranking published by Forbes, after his net worth rose sharply over the past year.

According to the latest Forbes list, Rabiu’s wealth surged 120 percent to $11.2 billion, representing the largest increase recorded among the continent’s billionaires in the latest ranking. The jump moves Rabiu, who is Nigerian, to third place among Africa’s richest individuals, up from sixth position a year ago.

The rise in Rabiu’s fortune was driven largely by the strong performance of BUA Cement, his flagship publicly listed company, whose shares surged by 135 percent over the past year. The rally significantly outpaced gains in the broader Nigerian Exchange, which has itself recorded strong growth amid improving investor confidence.

Forbes estimates Rabiu’s net worth at $11.2 billion, placing him behind luxury goods tycoon Johann Rupert, whose fortune is estimated at $16.1 billion, and Africa’s richest man Aliko Dangote, who retains the top position with an estimated $28.5 billion.

Rabiu’s rise underscores the growing influence of Nigeria’s industrial sector and the expanding footprint of BUA Group, which has built major operations across cement manufacturing, food processing, sugar refining, infrastructure, mining and energy.

The latest Forbes ranking also highlights a broader surge in wealth across Africa’s billionaire class. The continent’s 23 billionaires now hold a combined net worth of $126.7 billion, representing a 21 percent increase from the previous year, as major equity markets rallied and regional currencies stabilised.

Nigeria remains one of the continent’s leading centres of billionaire wealth, accounting for four individuals on the list, including Dangote, Rabiu, telecommunications magnate Mike Adenuga, and energy investor Femi Otedola.

Forbes said the 2026 ranking was calculated using stock prices and exchange rates as of March 1, 2026, with privately held companies valued using comparable industry benchmarks.

Rabiu’s leap in the ranking reflects not only the strong performance of BUA Cement but also the broader momentum of Nigeria’s capital markets and the continued expansion of large scale industrial enterprises across Africa’s largest economy.

Analysts say the development signals growing investor confidence in African manufacturing and infrastructure driven businesses, sectors that are increasingly central to the continent’s economic transformation.

[/b]IFC and ASR Africa Expand She Wins Africa to Reach 1,000 Women Entrepreneurs, Following Strong Early Results and $4 Million Mobilised in Startup Financing[b]

IFC and ASR Africa Expand She Wins Africa to Reach 1,000 Women Entrepreneurs, Following Strong Early Results and $4 Million Mobilised in Startup Financing
Successful First Cohort Kickstarts Scale-Up of IFC-Led Program Supporting Women-Led Businesses Across Africa

Lagos, Nigeria – The International Finance Corporation (IFC), a member of the World Bank Group, and Abdul Samad Rabiu Africa Initiative (ASR Africa) have announced the expansion of the She Wins Africa program, increasing its reach from 100 to 1,000 women entrepreneurs across Sub-Saharan Africa, following strong results from the first cohort and growing institutional commitment. The announcement was made at the She Wins Africa closing event held in Lagos recently. The closing ceremony follows encouraging early outcomes, including the mobilisation of more than USD 4 million in financing by participating women-led startups.

Over the past year, She Wins Africa supported women-led small and growing businesses across multiple African markets, delivering tangible results in business growth, investment readiness, and access to finance.

Speaking on the impact of the initiative at the event as it scales to reach 1,000 women, Marieme Niang Camara, IFC’s Senior Operations Officer and Regional Gender Hub Lead for Africa, said: “When we started with 100 women entrepreneurs, it was a successful pilot, but we realized that 100 is just the beginning for a region like Africa. When you look at the impact it created and the kind of access to capital and markets it gave to those women entrepreneurs, you see this is a program worth scaling. Now we're moving from 100 to 1,000, and we're doing it strategically through segmentation—from startups to growth-stage and scale-up companies. We're offering tailored technical assistance, investment readiness support, and direct access to capital through both funds and IFC-backed banks. This is how we turn pilot success into regional transformation.”

She further stated that participating startups collectively raised over USD 4 million, with 17 women-led enterprises successfully accessing external financing, exceeding the program’s initial targets. During her remarks, Marieme mentioned that the program delivered technical assistance at scale, which includes 123 hours of targeted technical support, 22 startups receiving tailored advisory support beyond standard training, 275 investor connections facilitated across regional and international markets, and 100 mentors mobilised across Africa. All these are geared towards strengthening business fundamentals and investor engagement.

On his part, Dr Ubon Udoh, Managing Director and Chief Executive Officer of Abdul Samad Rabiu Africa Initiative, said: “This is one of the most impactful programs on the continent, empowering women entrepreneurs. What they do is not just for individual countries; it's strengthening the economy of the whole continent. We're scaling up from the first phase of 100 women from 23 countries to 1,000 women across Africa, with an increase in both the number of countries and beneficiaries. This expansion will create a more sustainable impact and extend the program's geographical reach. We've taken valuable learning from the first phase, and we're applying those insights to ensure the success of this second phase. By supporting this initiative, ASR Africa is contributing to business growth, job creation, and the strengthening of entrepreneurial ecosystems.”

In his remarks, Dr Ubon further stated the collaboration between IFC and ASR Africa on the She Wins Africa project has motivated ASR Africa to review its mentorship programme, designed to support young female entrepreneurs across the African continent. Also of note is the hybrid approach, by She Wins Africa, of providing knowledge and access to capital for women-led businesses which is the bedrock of its Phase 1 success.

She Wins African offers additional value, which includes business coaching, masterclasses, and investment-readiness training, enabling founders to strengthen operations, refine business models, and improve their ability to attract private capital. A core pillar of She Wins Africa is the use of catalytic funding to help crowd in private investment for women-led enterprises.

Through an initial catalytic grant envelope of approximately USD 100,000, the program helped mobilise nearly USD 400,000 in follow-on investment, working with regional and local investment partners including Octerra Capital, IMEX, Sahel Capital, Nubia Capital, and Convergence Advisory.

These funds supported startups in making critical operational investments, including expanding production capacity, strengthening infrastructure, and hiring additional staff, while reducing investor risk and accelerating business growth.

The inaugural cohort comprised women-led startups at different stages of development, from early-stage ventures to more established enterprises. This inclusive approach enabled stage-appropriate support across the entrepreneurial journey and strengthened the pipeline of investment-ready businesses. Through targeted investment-readiness support, investor engagement, and strategic partnerships, She Wins Africa has demonstrated the value of tailored approaches to addressing the financing gap faced by women entrepreneurs.

The expanded phase represents the first of four projects initially envisioned under the She Wins Africa umbrella, with the scale-up significantly increasing the program’s reach and potential impact. The expansion will deepen regional reach, strengthen investment pipelines, and increase access to finance and technical expertise for women entrepreneurs. IFC and ASR Africa say the next phase will prioritise scale-ready ventures while continuing to support early-stage businesses, building a stronger and more resilient pipeline of women-led enterprises positioned to drive inclusive economic growth across Africa.

ENDS
-------------------------------------------------------------------------------------------
About She Wins Africa
She Wins Africa is a comprehensive investment readiness program designed to empower women entrepreneurs across Africa. Through technical assistance, investor linkages, and strategic support, the initiative helps women-led startups access the capital and resources needed to scale their businesses. The program is committed to fostering inclusive economic growth and advancing gender equality in entrepreneurship across the African continent.

About ASR
The brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu Africa Initiative, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

[/b]IFC and ASR Africa Expand She Wins Africa to Reach 1,000 Women Entrepreneurs, Following Strong Early Results and $4 Million Mobilised in Startup Financing[b]

IFC and ASR Africa Expand She Wins Africa to Reach 1,000 Women Entrepreneurs, Following Strong Early Results and $4 Million Mobilised in Startup Financing
Successful First Cohort Kickstarts Scale-Up of IFC-Led Program Supporting Women-Led Businesses Across Africa

Lagos, Nigeria – The International Finance Corporation (IFC), a member of the World Bank Group, and Abdul Samad Rabiu Africa Initiative (ASR Africa) have announced the expansion of the She Wins Africa program, increasing its reach from 100 to 1,000 women entrepreneurs across Sub-Saharan Africa, following strong results from the first cohort and growing institutional commitment. The announcement was made at the She Wins Africa closing event held in Lagos recently. The closing ceremony follows encouraging early outcomes, including the mobilisation of more than USD 4 million in financing by participating women-led startups.

Over the past year, She Wins Africa supported women-led small and growing businesses across multiple African markets, delivering tangible results in business growth, investment readiness, and access to finance.

Speaking on the impact of the initiative at the event as it scales to reach 1,000 women, Marieme Niang Camara, IFC’s Senior Operations Officer and Regional Gender Hub Lead for Africa, said: “When we started with 100 women entrepreneurs, it was a successful pilot, but we realized that 100 is just the beginning for a region like Africa. When you look at the impact it created and the kind of access to capital and markets it gave to those women entrepreneurs, you see this is a program worth scaling. Now we're moving from 100 to 1,000, and we're doing it strategically through segmentation—from startups to growth-stage and scale-up companies. We're offering tailored technical assistance, investment readiness support, and direct access to capital through both funds and IFC-backed banks. This is how we turn pilot success into regional transformation.”

She further stated that participating startups collectively raised over USD 4 million, with 17 women-led enterprises successfully accessing external financing, exceeding the program’s initial targets. During her remarks, Marieme mentioned that the program delivered technical assistance at scale, which includes 123 hours of targeted technical support, 22 startups receiving tailored advisory support beyond standard training, 275 investor connections facilitated across regional and international markets, and 100 mentors mobilised across Africa. All these are geared towards strengthening business fundamentals and investor engagement.

On his part, Dr Ubon Udoh, Managing Director and Chief Executive Officer of Abdul Samad Rabiu Africa Initiative, said: “This is one of the most impactful programs on the continent, empowering women entrepreneurs. What they do is not just for individual countries; it's strengthening the economy of the whole continent. We're scaling up from the first phase of 100 women from 23 countries to 1,000 women across Africa, with an increase in both the number of countries and beneficiaries. This expansion will create a more sustainable impact and extend the program's geographical reach. We've taken valuable learning from the first phase, and we're applying those insights to ensure the success of this second phase. By supporting this initiative, ASR Africa is contributing to business growth, job creation, and the strengthening of entrepreneurial ecosystems.”

In his remarks, Dr Ubon further stated the collaboration between IFC and ASR Africa on the She Wins Africa project has motivated ASR Africa to review its mentorship programme, designed to support young female entrepreneurs across the African continent. Also of note is the hybrid approach, by She Wins Africa, of providing knowledge and access to capital for women-led businesses which is the bedrock of its Phase 1 success.

She Wins African offers additional value, which includes business coaching, masterclasses, and investment-readiness training, enabling founders to strengthen operations, refine business models, and improve their ability to attract private capital. A core pillar of She Wins Africa is the use of catalytic funding to help crowd in private investment for women-led enterprises.

Through an initial catalytic grant envelope of approximately USD 100,000, the program helped mobilise nearly USD 400,000 in follow-on investment, working with regional and local investment partners including Octerra Capital, IMEX, Sahel Capital, Nubia Capital, and Convergence Advisory.

These funds supported startups in making critical operational investments, including expanding production capacity, strengthening infrastructure, and hiring additional staff, while reducing investor risk and accelerating business growth.

The inaugural cohort comprised women-led startups at different stages of development, from early-stage ventures to more established enterprises. This inclusive approach enabled stage-appropriate support across the entrepreneurial journey and strengthened the pipeline of investment-ready businesses. Through targeted investment-readiness support, investor engagement, and strategic partnerships, She Wins Africa has demonstrated the value of tailored approaches to addressing the financing gap faced by women entrepreneurs.

The expanded phase represents the first of four projects initially envisioned under the She Wins Africa umbrella, with the scale-up significantly increasing the program’s reach and potential impact. The expansion will deepen regional reach, strengthen investment pipelines, and increase access to finance and technical expertise for women entrepreneurs. IFC and ASR Africa say the next phase will prioritise scale-ready ventures while continuing to support early-stage businesses, building a stronger and more resilient pipeline of women-led enterprises positioned to drive inclusive economic growth across Africa.

ENDS
-------------------------------------------------------------------------------------------
About She Wins Africa
She Wins Africa is a comprehensive investment readiness program designed to empower women entrepreneurs across Africa. Through technical assistance, investor linkages, and strategic support, the initiative helps women-led startups access the capital and resources needed to scale their businesses. The program is committed to fostering inclusive economic growth and advancing gender equality in entrepreneurship across the African continent.

About ASR
The brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu Africa Initiative, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

[/b]BUA Cement Plc, manufacturer of BUA Portland Limestone Cement and Sokoto Portland Limestone Cement, is proud to announce that it has signed an agreement with CBMI to build a new ultra-modern 3-million-ton-per-annum cement line in Sokoto. This marks a major milestone in our expansion drive and reflects our commitment to meeting Nigeria’s growing infrastructure needs.[b]

The US$240 million project, which includes the new cement line, power plant, and other key facilities, will significantly increase BUA Cement’s production capacity, bringing its total annual capacity to 20 million tons when completed and strengthening regional supply.

This agreement builds on BUA Cement’s 15-year collaboration with CBMI, during which CBMI successfully delivered cement production lines totaling 14 million tons across BUA’s factories in Obu (Edo) and Sokoto.

The Sokoto plant is strategically located as the only cement plant in Nigeria’s North-West, providing easy access to several landlocked neighboring countries. This location enables BUA Cement to serve both domestic and regional markets efficiently, ensuring high-quality Nigerian cement reaches new communities and critical infrastructure projects.

In parallel, the BUA 700-ton-per-day mini LNG plant in Kogi, scheduled for completion later this year, will supply clean, reliable energy to power the new Sokoto line as well as existing lines, improving efficiency, reducing emissions, and supporting sustainable industrial growth.

This investment comes at a transformative time for Nigeria. The bold reforms introduced by His Excellency, Mr. President, have made it easier to establish and operate factories while stimulating demand for infrastructure and construction projects. These reforms create a favorable environment for industrial growth, and BUA Cement is proud to contribute to the nation’s development by expanding capacity, creating jobs, and supporting critical infrastructure.

With completion of the Sokoto line targeted in 20 months, BUA Cement is excited about the opportunities ahead and confident that this project will strengthen its position as a leader in the Nigerian cement industry and across the region.

BUA Founder and Executive Chairman, Abdul Samad Rabiu visits President Tinubu



The Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), paid a courtesy visit to President Bola Tinubu (GCFR) on Wednesday, September 24, 2025 at the Presidential Villa in Abuja.

During this engagement, their discussions centred around the positive trends in food prices in Nigeria, with BUA playing a role in reducing the price of rice and other food items, the exchange rate improvement, and businesses no longer needing to rely heavily on foreign exchange from the Central Bank of Nigeria.

According to Abdul Samad Rabiu, these developments are attributed to the bold reforms and decisive policies of President Bola Ahmed Tinubu, which have laid the foundation for a stronger economy and a better future for businesses and Nigerians.

.About BUA Group
Established in 1988, BUA Group is one of Africa’s largest diversified groups operating out of Nigeria with its key interests in foods, mining, manufacturing and infrastructure. Its vision is to unlock opportunities that will drive sustainable development whilst providing value to all stakeholders and the African continent.

The Group’s investments span the following sectors: cement, sugar, flour, pasta, steel, Rice, real estate, logistics, ports and terminals, construction and energy with a core focus on building local manufacturing capacity to generate employment, and provide high quality products and develop the African continent. www.buagroup.com

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Statement On the Tragic Attack in Okpella, Edo State

BUA is deeply saddened by the attack of Friday, September 5, 2025, in which eight operatives of the Nigeria Security and Civil Defence Corps (NSCDC) and a civilian driver lost their lives near our Okpella facility in Edo State.

We extend heartfelt condolences to the families of the fallen, the NSCDC, and the Government of Nigeria, and wish the injured officers a swift recovery.

We note with grave concern the abduction of a foreign expatriate, even as four others were rescued unharmed. We are working closely with security agencies to ensure the safe return of the abducted and to bring the perpetrators of this heinous act to justice.

The safety of our people, partners, and host communities remains paramount. This tragedy is a painful reminder of the sacrifices borne daily by our security personnel. Their courage will never be forgotten.

Signed
Management

Do other Nigerians not work for these same ASUU lecturers and they are owing them salaries?

[b][/b]The question is, Is it only Christians that travel within this period? Muslims travel more because most Christians are tied up with one church programme or the other. It is devilish and mischievous to be promoting this type of narrative.

Bestwt001:
It's really understandable why MURIC is upset about the train rides. When you see free rides for Christmas but not for Eid, it absolutely feels like a double standard. Professor Akintola makes a strong point about fairness, and it's especially jarring when the government is led by Muslims. This isn't just about train tickets; it's about feeling equally valued in your own country. The government really needs to explain this disparity or, better yet, fix it to show all Nigerians that they're treated with the same respect and consideration.

The recent surge in gun men attacks and terrorist activities is not without some international organization's involvement and backing, facilitating arm proliferation and Insecurity. FG needs to make an example.

It is obvious now that something is fishy about US involvement in Nigeria Domestic issues. Why are they meeting with this association? To what end and for what purpose?

No police. No DSS.

Most students are just going to school for the sake of it. All they are after is yahoo yahoo, prostitution and get-rich-quick means to because famous like most of our celebrities whose source of wealth are questionable and are bad influence on these young ones.

Government needs to set up a taskforce backed by law to ensure enforcement when there's fuel price reduction. Majority of these marketers are terrible and will rather keep making undue gains from citizens who are expected to benefit from this laudable government policies.

I have 10mn! Deal? When can I come around to check?

I have 10mn! Deal?

This should go on twitter with the police handles tagged.

He has done more when he was as a militant.

What's this suppose to achieve? Salvation? Exposition of Christ's love? or self-serving?

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Kogi State, January 28, 2025 – BUA has commenced the development of a 700-ton-per-day (700TPD), 45mmscf Mini-LNG Plant with a groundbreaking ceremony held today at Ajaokuta, Kogi State. Present at the event is the Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu, with the Kogi State Governor, Ahmed Usman Ododo; Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo; NNPC Board Chairman, Chief Pius Akinyelure; GCEO NNPC, Mele Kyari; Authority Executive of NMDPRA, Engr. Farook Ahmed and other eminent dignitaries including various stakeholders.

Speaking at the event, the Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu said in his speech: “This LNG plant, which we are doing the groundbreaking today, also embodies that spirit. Upon completion, it will ensure that BUA’s captive power plants are provided with much-needed gas with limited supply downtime, thus enhancing our production and manufacturing capacity while positioning BUA to be fully integrated into the value chain of our energy supply operations”.

He stated that the project is a win-win for Nigeria and is in line with President Bola Tinubu’s vision and promoting gas usage for cleaner energy. NNPC will provide critical gas feedstock for a 10% stake in the plant, and BUA will provide 100% financing while driving execution. This is a testament that public-private partnerships under the right government policies can deliver transformative results.

The BUA LNG plant will ensure cost efficiency, supply stability, and sustainability for BUA’s operations while reinforcing Nigeria’s industrial future. Covering a land area of about 16 hectares, it will primarily serve BUA’s captive power plants across its manufacturing businesses in Nigeria and provide gas for other uses within the country. This is geared towards operational efficiency in alignment with the national energy transition initiative.

The GCEO NNPC, Mele K. Kyari, in his speech stated that it is rightly timed to have these 5 mini-LNG plants in Kogi State of which BUA LNG is one, considering its strategic location at the crossroads of Nigeria’s North and South, in Ajaokuta, Kogi State.

The signing ceremony for the project, which held within the week at NGML headquarters in Abuja, was attended by BUA’s Group Executive Director, Kabiru Rabiu, Chief Legal Officer, Oluseye Alayande, and NGML’s leadership team led by Justin Ezeala.