Nigerian billionaire, Rabiu visits Buhari, donates N10 billion to fight insecurity

Ilesanmi AdekanbiAugust 12, 2022

1 minute read

Nigerian billionaire businessman, Abdul Samad Rabiu, has donated N10 billion through his foundation, in support of the Nigerian government’s fight against terrorism, and other forms of insecurity in the country.

Rabiu, who is the Chairman of BUA Group, made the donation through Abdul Samad Rabiu Africa Initiative (ASR Africa).

This was disclosed on Friday in a press statement from BUA Group following the visit of the businessman to President Muhammadu Buhari in Abuja.

The statement is titled, ‘BUA Chairman, Abdul Samad Rabiu, Donates 10bn Naira Security Support Fund For Various Interventions Through ASR Africa.”

It said, “Leading Nigerian Businessman, Industrialist, and Philanthropist, Abdul Samad Rabiu, paid a visit to President Muhammadu Buhari today in Abuja, to update him and to thank him for creating an enabling environment for business to thrive, and also brief him on the strides BUA Group has made in the past few years.

“Thereafter, Rabiu 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 N10billion 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 amongst 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.

“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 his elation at the achievements of BUA which had led to phenomenal growth within such a short time.

“As a Government, we know we have done a lot in this regard, and we will continue to do more to support the aspirations of serious businesses, big and small, by providing an enabling environment as well as supporting value creation within Nigeria.”