FORBES TOP 20 RICHEST PEOPLE IN NIGERIA & HOW MUCH THEY ARE WORTH

6. ABDUSALAM RABIU

Born in Kano in 1960, Abdusalam Rabiu is one of the richest men in the country thanks to his investment in the BUA Group. He is said to have an estimated net worth of $1.5 billion according to Forbes.

His father, Khalifah Isyaku Rabiu was a prominent industrialist in the 70s and 80s.

Abdusalam attended the Capital University in Columbus, Ohio in the 80s before returning to the country to oversee the family business.

He established the BUA Group in 1988. The company has grown over the years to become a conglomerate worth over $2.5 billion with interests in manufacturing, infrastructure and agriculture.

Abdusalam’s company acquired the Nigerian Oil Mills Limited and also acquired a controlling stake in the Cement Company of Northern Nigeria some years ago. The BUA Group has the second largest sugar refinery in the country

Abdusalam Rabiu is also the chairman of the Nigerian Bank of Industry. Apart from his immense wealth, Abdul Samad Rabiu has been giving back to the society through the BUA Foundation. The foundation sponsored the construction of the paediatric ward at the Aminu Kano Teaching Hospital. Abdusalam through the BUA foundation was also involved in the construction of the Centre for Islamic Studies at the Bayero University, Kano.

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