Many still wonder how Abdusamad Rabiu, the head honcho of BUA Groups; a business conglomerate with several chains ofq business to it’s credit has remained ontop in business despite the dwindling and unfavourable business climate in Nigeria and Africa. Naysayers and detractors are quick to forget that; Samad is a child born under the proverbial lucky star. Abdulsamad has never despise his humble begining, has sowed in tears and he is currently reaping bountiful with smiles on his face. Those who had contact with him, will attest to the fact that; he is modest and respectfull to a fault, despite being rated by Forbes as one of the Richest men in Africa.
For any young undergraduate, who loves to bag a degree in any business related issues most expecially on business sustainability, negotiation, financial intelligence and investment choices; the business sojourn of Samad should be quietly studied and cited in a project thesis. He is an authority when it comes to business and finance related issues. He didnt just attain his current status, he was properly tutored by his Late Father, Alhaji Kahlifah Isyaku Rabiu, who was also a successful business magnate during his lifetime.
With an intimidating net worth spanning into billions of dollars and a well structured conglomerate that will outlive him, the Kano born Entrepreneur still has the thought of every Nigerian at heart. “Samad hardly sleep at night. He is busy strategizing on how to attract more direct foreign investment to Nigeria. He is not relenting until a substantial average Nigerian youth gets employed.” A close source told CITYSPY.
To achieve his long term dream for Nigeria, the generous money bag jetted far away France to secure a refining deal with France’s largest hydrocarbons group; Axens. The deal when completed, will stop Nigeria’s importation of refined crude. “The new refinery, with a capacity to produce 200,000 barrels per day (bpd), should be operational in 2024.” A source added.
The contract was signed in Paris between Abdulsamad and the CEO of Axens, Jean Sentenac, in a ceremony presided over by France’s Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester. Also Samad met with French Presdient who also pledge his unending support to invest more in Nigeria’s economy.
