Forbes-rated billionaire business magnate; Alhaji Abdulsamad Rabiu founder of BUA groups is synonymous with that proverbial tsunami hovering around the business firmament, changing business narratives and causing disruption worldwide. His achievements are unrivalled and impeccable that a toddler can even speak of his giant strides to put Nigeria on the world map. While growing up, he learnt the ABC of doing business from his Old Money bag father Alhaji Isyaku Rabiu, and one thing he learnt which he has inculcated in his dealings is; truthfulness, integrity, prudence, Fidelity and the ability to play by the rules not beating the rules.
If you wonder how he was able to maintain a stellar performance on and off business, adhering strictly to the rules has made him rise above all his competitors. Over the years, He has lost billions of dollars trying to remain upright and truthful at a time when many of his peers have exploited the venerability of their numerous customers. Abdulsamad would rather bear the loss than inflict pain on his customers. On several occasions, some of his competitors often fight him for not increasing the prices of his commodities at peak periods. He has been dragged on several mediums, blackmailed but he would rather do things that will be of massive favour to the general masses who are struggling in times of the biting economy.
The BUA group boss sees wealth as God-given, he believes no amount of wealth you have if you are not generous and considerate of the less privileged, the wealth is nothing but absurdity and frivolity that has no impact. That’s why he has over the years invested in generous giving and dangerous philanthropy. In Nigeria of today; no businessman has given more than him. He has crested his name in the hearts of many as one of the biggest philanthropists to ever emerge from Nigeria. His bogus donation to fund research and education across Africa through its yearly $100 million ASR Africa Fund for Social Development.
For a man whose business is tied around sharing prosperity among people and creating healthy competition among competitors, he has never for once amassed wealth illegitimately. He has invested in key areas of the economy and is also known for sharing prosperity with his business magic wand. As of today, he is regarded as one of the biggest investors in the Nigerian economy with business interests in real estate, sugar, cement, oil and gas among other business chains tied to him.
Last weekend the business colossus celebrated his 64th birthday with no fanfare. He opted to make it a private celebration where he needed to display wealth due to the current economic situation in the country when many Nigerians are finding it hard to eat due to the dwindling global economy. Abdulsamad who would have hosted his friends to an elaborate party but opted to offer prayers to his creator, hosted his children and grandchildren. He is one of the few people who believes that Nigeria will have a great turnaround in the current dispensation more reason he is investing heavily to ensure economic prosperity for the country.
