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Abdulsamad Rabiu portrait published by Forbes

Abdulsamad Rabiu

Live source data

Lagos · Nigeria

Net worth

$11.4B

Rank 3 in Africa

Previous published

$12.6B

Live tracker comparison

Age

65

Wealth origin

Inherited

Published biography

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.

His foundation, the Abdul Samad Rabiu Initiative, supports education, health and social development projects across Africa.

Source: ForbesForbes Africa's Billionaires 2026 · live tracker · as of Tue, 18 Aug 2026 17:20:04 GMT

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