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BUA Chairman, Rabiu, Donates N10bn For Interventions Through ASR Africa

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2 years ago

Aug 13, 2022.

Nigerian business mogul, Abdul Samad Rabiu has donated N10BN to tackle insecurity in Africa

EKO HOT BLOG reports that a Nigerian businessman, industrialist and philanthropist, Abdul Samad Rabiu, yesterday paid a visit to President Muhammadu Buhari in Abuja to update him and thank him for creating an enabling environment for businesses to thrive, and also brief him on the strides BUA Group has made in the past few years.

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He briefed the president on the activities of his foundation, the Abdul Samad Rabiu Africa Initiative (ASR Africa) during which he also announced the donation of a N10 billion Nigeria Security Support Fund from ASR Africa towards the provision of some security equipment, medical and other supplies, upgrade of health facilities and other infrastructure for families of those on the frontlines.

According to Rabiu, the visit was in order to identify with President Muhammadu Buhari, during whose tenure BUA has built over 10 factories with two of the group’s subsidiaries now among the top 10 largest publicly listed companies in Africa, and to further support the efforts of his administration in business as well as in the security space.

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In his response, President Buhari said it was heartwarming to see and hear of Nigerian companies doing so much within Nigeria, and Africa especially in the area of production using locally available raw materials. He also expressed delight at the achievements of BUA which had led to phenomenal growth within such a short time.

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