The head honcho of BUA conglomerate, Alhaji Abdulsamad Rabiu is known for not doing things in half measure. He does his things making a loud statement about it. More reasons his audacious nature has cemented his position as one of the richest men in Africa according to Forbes. When he Opened his Sokoto Cement plant a few months ago, the whole country went into a frenzy as they were shocked at how gigantic the project was in a bid to increase the production of construction cement and also crash prices and monopoly to meet rising demands. The launch was a convergence of the who is who in the country as the groundbreaking ceremony avail Abdulsamad why he is called a man with the Midas Touch.
When his detractors thought that was the biggest thing they will see from him, the generous Billionaire shocked them yet again with another audacious move in his move to crash and gain the sugar market. With a huge investment of over $300Million in the Lafiagi Sugar Estate on an over 20, 000 Hectares of land, which will boast of 10,000 Tones Sugar Mills, 20,000 Liters Ethanol Plant, 3km Air Strip, 32Megawatts Power Plant and housing unit for staffs. To further increase the company’s capacity to take over the sugar supply and food export market with BUA Sugar Refinery Limited, BUA Rice Limited, BUA Oil Mills Limited, IRS Flour, and IRS Pasta; the company took delivery of the first of two shipping vessels to augment its sugar export operations to the West African market. Business Pundit disclosed that; the vessel named MV Bundu after the area in which the refinery is located is currently at BUA’s port and terminal which will increase export capacity while reducing operating costs and drive business for growth with a focus on sustainable returns and benefit to stakeholders and the Nigerian economy and also take advantage of the African Continental Free Trade Area (AfCFTA).
