Abdulsamad Rabiu, the billionaire founder and Chairman of BUA Group, has taken a bold step to further boost Nigeria’s industrial and agricultural landscape. During a recent business engagement in Dubai, Rabiu signed several high-impact industrial and agro-processing agreements aimed at expanding his company’s footprint and supporting national development.
Among the key deals is the construction of a 1,000 metric tonnes-per-day palm oil refinery, a project poised to significantly reduce Nigeria’s reliance on imported edible oil. The refinery is expected to enhance local value addition, create jobs, and stimulate the agriculture value chain, especially in the oil palm sector.
In addition to the refinery, BUA Group will also establish a 20-megawatt gas power plant. This project is designed to support the refinery’s energy needs while also contributing to the broader energy supply, potentially powering surrounding communities and boosting productivity.
These strategic agreements mark yet another milestone for BUA Group, which has steadily become one of Africa’s largest conglomerates in food production, mining, cement, and manufacturing.
Rabiu’s latest move signals a strong commitment to driving industrialization in Nigeria through foreign partnerships and sustainable infrastructure development.