Boss Of The Week
Abdulsamad Rabiu: Garlands for a Worthy Industrialist at 63
Eric Elezuo
Abdulsamad Isyaku Rabiu’s evolution into the world of superlative entrepreneurship and philanthropism is not a fluke. It is a calculated attempt through hard work, focus and the determination to excel. At 63, Rabiu remains a force to reckon in the business of putting smiles on the faces of Nigerians, especially his North West region origin, and Africans at large.
He has graciously used his BUA Foundation and the phenomenal Abdul Samad Rabiu Africa Initiative to not only affect lives, but ensured that the people of the world, especially his native Nigeria, live in defined comfort.
Rabiu is the Chairman/Chief Executive Officer, Bua Group, makers of quality cement, sugar among other wonderful household items.
Born on August 4, 1960, in Kano, to one of Nigeria’s foremost industrialists in the 1970s and 1980s, Khalifah Isyaku Rabiu, Abdul Samad Isyaku Rabiu CON is a perfect combination of many things in one.
It was in his native Kano that he kick started his academic pursuit, carousing through elementary education with ease as a gifted child, and obtained his First School Leaving Certificate. He was later admitted into the Federal Government College, Kano, where he had his secondary education, and gradually with honours.
With a combination of fate, brilliance and determination, Abdulsamad was catapulted to Capital University in Columbus, Ohio, where he studiously studied Economics, and acquired his tertiary education before returning to Nigeria, all before his 24th birthday, to oversee his family business. He was that much sort after, and highly brilliant, and considered capable of holding fort for his father, who was being detained by the administration of General Muhammadu Buhari over matters concerning import duties.
In 1988, just after learning the ropes of entrepreneurial excellence, Abdul Samad Rabiu established BUA International Limited, for the sole purpose of commodity trading. The company followed after the footsteps of his father, and imported rice, edible oil, flour, and iron and steel.
In 1990, having exhibited the character worthy of a world class entrepreneur, and the ability to execute classical projects, Rabiu’s BUA was invited by the government, which owned Delta Steel Company to supply its raw materials in exchange for finished products. This provided a much-needed leverage for the young company, and consequently expanded further into steel, producing billets, importing iron ore, and constructing multiple rolling mills in Nigeria.
Rabiu’s dexterity showed further a few years later, when the company acquired Nigerian Oil Mills Limited, the largest edible oil processing company in Nigeria, and there erupted the company’s and BUA’s influence and care over the people in the provision of affordable edible oil. His passion to see people excel in comfort has continued to make him churn out one great tiding after another, and endearing him in the hearts of the generality of the public.
A man with a vision for tomorrow, Rabiu, in 2005, started two flour-milling plants, in Lagos and in Kano, and by 2008, had broken an eight-year monopoly in the Nigerian sugar industry by commissioning the second-largest sugar refinery in sub-Saharan Africa. This was a feat only a bravest of hearts could wroth. As a result, in 2009 the company went on to acquire a controlling stake in a publicly-listed Cement Company in Northern Nigeria and began to construct a $900 million cement plant in Edo State, completing it in early 2015. Rabiu’s passion for expansion is unequalled.
BUA Group has since concentrated and excelled in manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. This is in addition to being the chairman of the Bank of Industry (BOI).
The Group, in 2019, announced plans to merge its privately owned Obu Cement with the publicly traded Cement Company of Northern Nigeria Plc (CCNN), to create Nigeria’s second largest cement producer thereby consolidating the grip on the cement market and breaking its monopolistic status.
It is worthy of note that Cement Company of Northern Nigeria PLC in which Rabiu owned more than 97% was producing two million metric tons of cement per annum (Mtpa) while Obu Cement has an annual production capacity of 6Mtpa. The move is in line with the company’s resolve to deepen the Nigerian capital markets and enhance the growth of the cement industry.
Rabiu’s expansion strides cannot be complete without a mention of his extraordinary philanthropic gestures.
In April 2020, he made a whopping donation towards the fight to contain the spread of the Coronavirus pandemic presently ravaging the country.
In a letter dated April 24, 2020, he personally signed, and addressed to The Presidential Task Force on COVID-19, the billionaire businessman, congratulated the duo of the Task Force and the Nigeria Centre for Disease Control (NCDC) for doing a good job while observing that much as so much has been done, there was still need to do a lot more, as the disease continued to make inroads into many parts of the country, especially Lagos and Kano states.
“I view with deep concern, the increased rate of spread of the Coronavirus, especially in Kano and Lagos states despite concerted collective efforts to curb the spread and effects of the virus in Nigeria,” he said.
With sincere reference to ‘what is going on, especially in Kano at the moment’ the philanthropist, who had earlier donated N1 billion to the private sector led CACOVID and other states, announced the release of another N3.3 billion ‘grant to the working group made up of the Presidential Task Force, NCDC and other stakeholders in equipping two existing permanent facilities in Kano and Lagos states’.
He said: “To this end, I am immediately committing and making available – through the Bua Foundation two grants of Two Billion Naira for the Kano-based intervention and One Billion Naira for Lagos State being the two epicentres of this virus in Nigeria.”
Rabiu also informed that “a sum of N300 million will also be made available immediately in cash to the Presidential Task Force to assist with logistical and operational activities of the taskforce. This grant is in addition to BUA’s earlier contributions to the private sector led CA-COVID coalition and donations to other states.”
Giving directive on how the funds will be spent, the BUA Foundation Chairman hinted that the “working Group will be expected to use resources at its disposal to ensure these facilities – to be determined by the Working Group – are fully equipped in the shortest possible time.”
He further revealed his trust in the working group to judiciously use the grant for the purposes meant, saying “I believe this will effectively help to expand the scope of interventions, ongoing research as well support already stretched medical cities dedicated to this fight.”
Rabiu’s BUA had in March through a confirmed funds transfer to the COVID-19 relief fund account with the Central Bank of Nigeria redeemed its pledge of N1billion ($2.6m) to the fight against COVID-19. In addition, the company also announced another donation of N300million to Sokoto, Edo and Ogun States to assist in galvanizing a coordinated response and adequate preparedness in the fight against the COVID-19 pandemic in this states. The donations to Sokoto and Edo States were on behalf of its Cement subsidiary, BUA Cement which has its major operations in those states whilst Ogun was also selected as a beneficiary due to its proximity to Lagos which had been the epicenter of the virus in Nigeria.
In total, Rabiu and his group donated N4.6 billion to the fight against the dreaded pandemic, making them the single highest donor as at date.
In 2021, Rabiu’s focus bestowed on him the grace of becoming the biggest gainer in shares. According to Forbes, which has consistently listed the billionaire among the top billionaires in Africa, “shares of his BUA Cement PLC, which listed on the Nigeria Stock Exchange in January 2020, doubled in value in the past year. That pushed Rabiu’s fortune up by an extraordinary 77%, to $5.5 billion. One thing to note: Rabiu and his son together own about 97% of the company, giving the company a tiny public float. The Nigerian Stock Exchange requires that either 20% or more of a company’s shares to be floated to the public, or that the floated shares are worth at least 20 billion naira — about $50 million — a paltry sum, to be sure. A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement. (Forbes discounts the value of stakes when the public float of a company is less than 5%.)”
Rabiu has constantly used his BUA Foundation for his philanthropic activities. Some of them include the construction of a 7,000-square-meter paediatric ward at the Aminu Kano Teaching Hospital and the construction of the Centre for Islamic Studies at Bayero University Kano amongst several others.
He is known to have signed several major deals with French companies in recent times, from Axens as technical partner to his new refinery, to a 300tn plasterboard factory deal with French construction giant St Gobain. He followed it up with listing a segment of his business empire on the Lagos Stock Exchange.
In June 2021 therefore, when French President Emmanuel Macron inaugurated the France-Nigeria Business Council, a private sector initiative to enhance business relations between the two countries, Abdul Samad Rabiu, was appointed its inaugural President. He had earlier been appointed Chairman of the France Nigeria Investment Club. These appointments drew encomiums from high places including President Muhammadu Buhari.
In 2022, the leading businessman, with an umbrella group comprising sugar and fertilizer manufacturing industries among other business concerns, paid a visit to the then President Muhammadu Buhari in Abuja. And true to type, Alhaji Rabiu exhibited the same stuff that has made him the toast of African entrepreneurship, when he made a whopping donation of N10 billion to the Nigeria Security Support Fund on behalf of his foundation, The Abdul Samad Rabiu Africa Initiative (ASR Africa). The donation was geared towards providing security equipment, medical and other supplies, upgrade of health facilities and other infrastructure for families of those on the frontlines.
It is on record that in the past seven years, BUA has built over 10 factories with two of the Group’s subsidiaries now amongst the top 10 largest publicly listed companies in Africa. It was therefore, not out of place to identify with the efforts of the Buhari administration in business and the security space.
Rabiu’s avalanche of successes, humanitarian endeavours and spread of business tentacles has bestowed on him the uncommon title of the highest employer of labour in his region, the Northwest of Nigeria, in addition to continually maintain his status as Nigeria’s second richest man.
Rabiu’s image as a great achiever looms large. He was honoured among other Nigerians by the now embattled Nigerien President, Mohammed Bazoum, with the “Order of Merit of Niger, Great Master of National Awards,” the highest honours of the country for his great strides in increasing understanding between the two nations and for acting as agent of social and economic development. This was to mark the country’s Independence Day.
Practically every woman’s dream, Abdul Samad is married to his beautiful wife, and they are blessed with children, among whom are Isyaku Rabiu, Junaid Rabiu, Rukkayah Rania Rabiu and Khadijah Rabiu. He has 42 siblings including Nafiu Rabiu and Rabiu Rabiu, the chairman of IRS Airlines.
Rabiu’s abilities are beyond comparison. He is a force to reckon with in the field of enterprise and human capacity building. He is quite a gift to Nigeria, and the world. We wish you a hearty 61st birthday. Congratulations!
The Wikipedia captured her trajectory as follows:
In October 2009, she was elected Ghana’s representative to the executive board of the United Nations Educational, Scientific and Cultural Organisation (UNESCO).
Ahead of the 2012 general elections, Jane Opoku Agyemang moderated the debate with Kojo Oppong Nkrumah.
On 26 October 2018, she became Chancellor of the Women’s University in Africa located in Zimbabwe.
She has served on many local and international boards and committees such as the Centre for Democratic Governance, (CDD-Ghana), the editorial board of the Harriet Tubman Series on the African Diaspora (Africa World Press Inc. USA), the Africa Initiative in Canada, and the College of Physicians and Surgeons as an Eminent Citizen.
Opoku-Agyemang is an author. Her focus areas includes Literature with a focus on Women from Ghana, Oral literature in Ghana and Africa, Communication Skills and Issues in the African Diaspora. As an academic she has written and published in scholarly journals and presented articles at various conferences including at the 200th Anniversary of the Abolition of Slavery at the United Nations Headquarters in New York City and at the Inaugural Lecture to the Ghana Academy of Arts and Sciences.
In 2015, as Education Minister, she published and launched a five volumes collection of published folktales titled ‘Who told the most incredible story?”’
A key focus area during her tenure was empowering girls and advocating for gender equity in education. Her leadership drove the implementation of policies that tackled gender disparities, promoted higher female enrolment and retention rates, and empowered girls through education. Her initiatives played a pivotal role in creating more inclusive opportunities for young women across Ghana.
Additionally, she led the conversion of 10 polytechnics across the regions into technical universities, a bold initiative that elevated the status of these institutions, broadening their academic scope and enhancing vocational education. This reform was instrumental in aligning Ghana’s educational framework with global trends, equipping students with practical skills for a competitive job market.
During her tenure, Opoku-Agyemang initiated the construction of 124 Community Day Senior High Schools, known as “E-Blocks,” to improve access to secondary education in underserved areas. By the end of her term, 50 schools were completed and operational, providing modern facilities such as science laboratories, libraries, and ICT centres. This initiative significantly expanded educational opportunities, particularly in rural and peri-urban communities, and underscored her commitment to addressing disparities in access to quality education.
Opoku-Agyemang oversaw the completion of key infrastructure at the University of Health and Allied Sciences (UHAS) in Ho, including the School of Basic and Biomedical Sciences, a hostel block, and staff accommodation at its Sokode campus. The university was inaugurated by President John Dramani Mahama in November 2015, underscoring the government’s commitment to expanding access to quality higher education and supporting the training of health professionals to address national healthcare needs.
She also played a critical role in establishing the University of Environment and Sustainable Development (UESD) in the Eastern Region. She facilitated the passage of the enabling Bill in Parliament and secured funding for the university. In December 2016, President John Mahama officially cut the sod for the construction of the UESD’s Somanya campus.
Vice presidential campaign
Opoku-Agyemang was selected as the presidential running mate for the National Democratic Congress (NDC) on 6 July 2020 for Ghana’s December 2020 General elections. She became the first female running mate of the two major political parties in Ghana. Her selection by the flagbearer, John Dramani Mahama of the National Democratic Congress was applauded by women groups and women activists as a positive sign to the Ghanaian political scene to promote gender balance and equality.
She appealed to Ghanaians to vote for change and promised to use her office as vice president to influence sustainable development and practical youth-centred policies. Her campaign message was devoid of attacks on opponents. Her intensive campaign in the coastal communities and her home region, the Central Region yielded results as the NDC won most of the constituencies they had lost in 2016. The NDC also won 9 out of the 16 regions in Ghana including the major battleground, Greater Accra.
The NDC National Executive Committee, on 7 March 2024, officially endorsed Opoku-Agyemang again as the running mate for the party’s flagbearer, ahead of the 2024 general elections.
Opoku-Agyemang became the vice president–elect after Mahama won the 2024 presidential election.
On 7 January 2025, Opoku-Agyemang was sworn in as the Vice President of Ghana, becoming the first female to hold the office. The ceremony took place at Independence Square in Accra, where she took the Oath of Allegiance and the Vice President’s Oath before Chief Justice Gertrude Torkornoo. Her appointment marked a significant moment in Ghana’s political history, as she became the first woman to assume the role of Vice President in the country’s history.
Opoku-Agyemang has been honoured with honorary degrees from the University of the West Indies and Winston-Salem University. She has also received an award for Global leadership from the University of South Florida in Tampa. She received the Officer of the Order of the Volta award for Academic Distinction in 2011 by President John Atta Mills and Ghana Women of Excellence Award in the Education category due her contribution to the development and promotion of quality education in Ghana. She was acknowledged for Outstanding Performance in Advancing International Education, School for International Training, Vermont, USA on two occasions.
In 2020, she was named among the 40 Most Inspirational Female Leaders in Ghana for serving as a role model for women in Ghana and in Africa. In January 2023, she was listed among the 100 most reputable Africans.
It is believed that her antecedents and wholesale performances in all the offices she had previously held, will come to bear as she studiously assists Mahama to reignite the 24hour economy he is known for.
By Eric Elezuo
The academic environment, or to be more specific, the ivory tower, thrives on quality, capacity, intelligence and ability to think out of the box. It is further complicated when to become a vice Chancellor, one has to be above board, be the ultimate cetris paribus and have the never-say-never attitude to get things done.
These are the qualities, and more that propelled 41-year-old Professor of International Law, at the University of Abuja, Professor Aisha Sani Maikudi, to the height of administration head of the institution as the Vice Chancellor.
Just into her fourth decade as a human being, Aisha has come of age, smashing the proverbial glass ceiling, and hitting stardom where it was least expected. She is the real slay queen, endowed with beauty, brains and absolute intelligence.
A profile of her personality published on the university site, noted that for her to assume the incumbency of the University administration, Aisha has arrived, seen and conquered, creating room of encouragement, inspiration and desire among the young ones, especially the female folks, who look up to her. She is an enigma.
The profile reads as follows:
Professor Aisha Sani Maikudi, a distinguished scholar and professor of International Law at the University of Abuja is from Katsina State, Nigeria. She began her educational journey at Sacred Heart School, Kaduna, where she obtained her First School Leaving Certificate (FSLC) in 1993. She proceeded to Queens College, Yaba, Lagos, earning her West African Senior School Certificate Examination (WASSCE) in 1999, her LLB degree from the University of Reading, UK, the LLM from the London School of Economics, UK, BL from the Nigeria Law School, Abuja and Ph.D from the University of Abuja, Nigeria.
Maikudi’s academic excellence took her to the University of Reading, where she earned an LLB in 2004. She further specialised in Public International Law, obtaining an LLM from the London School of Economics and Political Science in 2005. After completing her legal education at the Nigerian Law School (2006–2007). In 2007, Professor Aisha Sani Maikudi did her National Youth Service Corps at the Corporate Secretariat and Legal Division of the Nigerian National Petroleum Corporation. She pursued and had a PhD in International Law from the University of Abuja in 2015.
She joined the University of Abuja as a Lecturer II on 4th September 2008, and rose through the ranks to become a professor in 2021.
Professor Aisha Sani Maikudi broke barriers as the first female and youngest Head of Department in 2013, the first female Deputy Dean of the Faculty of Law in 2018, and the pioneer Director of the University of Abuja International Centre in 2019. She also served as the Deputy Vice-Chancellor (Academic), where she was instrumental in enhancing academic standards and promoting a culture of excellence at the University.
To date, she is the youngest Professor of the University of Abuja and indeed Nigeria, as well as the first female Professor of Law in the North West and the University of Abuja. She specializes in United Nations Law, backed by extensive research and numerous publications in academic journals and book chapters. Professor Aisha Sani Maikudi floated a Postgraduate course on United Nations Law and has supervised numerous undergraduate and postgraduate theses and dissertations, contributing to the growth of legal scholarship. She has also taught Company Law for over 12 years and is well versed in its mechanics.
Professor Aisha Sani Maikudi has represented her university and country at numerous national and international conferences, workshops, and training sessions across the UK, US, South Africa, Germany, Italy, China, Ghana, and Egypt. She has presented papers at many of these events, further solidifying her global reputation as an academic leader.
She is an active member of several professional organisations, including the Nigerian Bar Association (NBA), Nigerian Law Teachers Association (NLTA), International Federation of Women Lawyers (FIDA), and Nigerian Society of International Law.
Aisha is married with children.
By Eric Elezuo
The constantly improved city of Osogbo was agog weekend when the Secretary to the Government of the Osun State, Igbalaye Teslim Adekunle, was installed as the Bobagunwa of Osogboland, replacing his late father, Alhaji Abdulrasheed Igbalaye, who was the pioneer Bobagunwa of Osogbo.
The installation of Teslim Adekunle mark the continuation of visionary leadership, a legacy built on profound patriotism and a relentless commitment to the progress of people of Osogbo in particular, and Osun State in general.
The occasion, a combination of pomp, grace, culture and class, drew together the who is who in Osun, West and national politics to the land that bustles with melodious springs.
This venue was the royal palace of Ataoja of Osogbo, His Royal Majesty, Oba Jimoh Oyetunji (Larooye II), who presided over the ceremony, and had the singular honour of conferring the prestigious feather on the new Bobagunwa.
As early as the first light of the d-day, guests from all corners and walks of life, some, who had arrived the day before, began trooping into the colorful premises of the palace with giant billboards showcasing the about to be installed Bobagunwa and the royal father.
From afar as well as near, dignitaries including traditional rulers, government officials, captains of industries, entertainment buffs, students organisations, community groups, youths and the general public, all converge to witness the glory of a man many believe is a force to reckon with, in both community relations and political administration.
Among notable names present were the Osun state Governor, Senator Nurudeen Ademola Adeleke; the Deputy Governor, Prince Kola Adewusi; former governor of the state, Prince Olagunsoye Oyinola; former Osun state Deputy Governor, Mrs. Titi Laoye-Tomori and her husband; Oba Abolarin Adedokun, Speaker, Osun State House of Assembly, Rt. Hon. Adewole Egbedun; Deputy Speaker, Rt. Hon. Akinyode Abidemi Oyewusi; Chief of Staff to the Governor, Alhaji Kazeem Akinleye, Senator representing Osun West Senatorial District, Sen. Lere Oyewunmi, Senator representing Osun Central, Sen. Olubiyi Fadeyi-Ajagunla, State PDP Chairman, Hon. Sunday Bisi, Former Chief of Air Marshal, Air Marshal Oladayo Amao; Araba Ifayemi Elebuibon, Mr. Oye Balogun the Secretary to the Kogi State Government, Dr. Folashade Arike Ayoade, the Timi of Ede Land, Oba Munirudeen Lawal, Hon. Adewale Morufu Adebayo, and a host of other eminent personalities.
Glad in prestigious all red traditional babariga attire, Igbalaye arrived the venue, in company of his wife, children and aides to a rousing welcome of acceptance. The team could not help but respond to the melodious sounds emanating the drums of the itinerant drummers, with corresponding dance steps.
It was not long before the Ataoja, in full view of the guests, including Governor Adeleke, performed the rites of installation, and pronounced Igbalaye, the new Bobagunwa of Osogboland to a loud applause that ricochetted across the length and breadth of Osogboland. He enjoined the new Bobagunwa to uphold tradition and its institutions, and never betray that trust of his people. He harped on the sanctity of the title, and advised the bearer to remain a beacon that he has always been.
In his response as the Bobagunwa, Teslim Adekunle, promised to extend the legacy of truthfulness, honesty, leadership and hard work as handed down by the previous Bobagunwa.
With happiness visibly showing on his face, the Bobagunwa conducted himself round the venue, exchanging pleasantries, in apparent performance of his first official duty as the stool occupier.
In his brief remarks, Governor Adeleke, known for his jovial disposition and dancing prowess, congratulated the new Bobagunwa, and task him to bring unity to not only Osogboland, but the entire Osun State and Nigeria at large. He also thanked the Ataoja for the honour his SSG, noting that the royal father has been a supporter of the administration towards delivering good governance.
The stage was practically set for music, dance and good food, and every attendee had his very full. King Sunny Ade was on hand to make that guest enjoined the best of dancing and music
According to tradition, the title of Bobagunwa is conferred upon deserving sons of the land, and carries immense prestige, aa well as comes with responsibilities.
It is those, like Teslim Adekunle, who have played a significant role in the growth and development of the city in the past, and are committed to the future development of the state in culture and tradition, infrastructure and general growth, are eligible for the honour.
Bobagunwa, a Yoruba language word, which means “to reign with the king” is a clear testament that Teslim Adekunle is qualified to be a confidant of the reigning king. And by implication, demands express commitment and dedication to the king of Osogbo, who is the Ataoja.
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