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Man of the Year (Philanthropy): Why BUA Chairman, Abdulsamad Rabiu Emerged Nigeria’s Greatest Billionaire

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Abdul Samad Rabiu, Elumelu, Dangote make Tinubu’s economic advisory panel

Man of the Year (Philanthropy): Why BUA Chairman, Abdulsamad Rabiu Emerged Nigeria’s Greatest Billionaire

 

 

 

 

 

BUA: It takes courage to be Alhaji AbdulSamad Rabiu. You have to travel aeons back perhaps to encounter a charitable heart like his. Much of his gestures stem from his ability to feel, visualize, and appreciate the miseries of society’s underprivileged and build livable lives for them from the ground up. Rabiu defies stereotypical projections of the billionaire as the shark next door, the deal-maker or the calculating prospector.

 

 

 

Man of the Year (Philanthropy): Why BUA Chairman, Abdulsamad Rabiu Emerged Nigeria’s Greatest Billionaire

 

 

While his name may send chills down the spine of a bitter rival, Rabiu is truly warm and kind, and amiable even to his most virulent competition. There’s something about the feeling he imparts in all his acquaintances, that triggers a change in their circumstances.

 

 

 

From his humane approach to business to his selfless philanthropy, Rabiu brilliantly humanizes the intricate and savage world, upholding piercing truths about the infinite bounds of compassion. Save Rabiu, very few billionaires lack the courage to remold a world so brutal into something beautiful, writes LANRE ALFRED

If AbdulSamad Rabiu were crowned the richest man in the world today, it wouldn’t matter to him. He had never been a sucker for worldly and ephemeral titles. He knows them to be worthless and transient. Thus he’d keep doling out his fortune to nourish dreams and flesh the hopes of the starving.

 

 

 

If you ask him, he would tell you that he has not lived in a day, until he has done something for someone who can never repay him. Thus while some billionaires toss satellites into orbit and strive to harness the sun, Rabiu commits his fortune to nobler, simpler objectives, like raising society’s underprivileged from privation to surplus.

His footprints are prevalent in the humanitarian sector. An army of donees and devotees hang on to his beneficence. Unassuming yet indomitable, Rabiu redefines philanthropy and affluence.
At the tweak of his vision and the flick of his finger, the stock market soars or swoons hence he redesigns the paradigm of industry too.

Little wonder he has amassed an intimidating fortune.
Contrary to pervasive notions of affluence that hold most billionaires as glassy, shallow creatures, furloughed from reality all the time, Rabiu is unmistakably different.

Nestled atop his fantastic business empire, the chairman of BUA Group aspires to beneficence, guided by the wisdom of the ancients: a kind gesture can reach a wound that only compassion could heal, he has learnt.

Thus he is never far removed from his roots and the indigent, however far and near. Rabiu is compassionate in a beneficent, unrelenting sort of context. When he gives out money, he spends himself with it.

Rabiu is infinitely scarred by the depth of poverty and misgovernance inflicted on society’s impoverished hence his determination to contribute his quota to the improvement of the fortunes of society’s underprivileged.

In other words, his generosity may be the best measure of his humanity. Rabiu understands that to become fabulously wealthy and to earn great fame are triumphs not of humanity but of vanity. Thus over the past two decades of his robust entrepreneurship, Rabiu has desisted from reveling in vanity. Unlike his fellow billionaires who are so far removed from their immediate reality, Rabiu would never splurge on trifles.

Where some spend several thousand dollars at a restaurant for a nice Pinot Noir, and several millions of dollars on the new Rolls Royce Cullinan or Phantom or Ghost models, Rabiu chooses to give.

His penchant for doling out his wealth to society’s less privileged has been acknowledged from within and outside the country. More so, he is the most generous with his time and money.

Rabiu believes that the truest acts of generosity need no log-rolling and that the love of possessions is a weakness to be overcome. Hence in his simplicity, he gives away all that he has to relatives, to the underprivileged from other tribes or clans, but above all to the poor and the aged, from whom he can hope for no return.

An astute businessman, philanthropist and industrialist, Rabiu founded and Chairman of BUA Group in 1988; he subsequently nurtured the enterprise to become one of Nigeria’s largest privately-owned foods, manufacturing and infrastructure conglomerates with diversified investments spanning key business sectors of the Nigerian economy.

The story behind the success of the Chairman and Chief Executive Officer of the BUA Group cannot be fully comprehended, however, without examining how he took over from his father’s vast business empire at the embryonic age of 24 when he returned to Nigeria.

In the early ‘90s after learning the ropes of business with his unwavering commitment and determination, he meandered from the path of family business and birthed BUA Group as a private company.

This daring decision to opt out from a very already established family business turned out to be his greatest decision which has changed his life, business fortunes and the society at large.

At the height of his success, Rabiu founded the Abdul Samad Africa Initiative, ASR Africa – an African-focused Fund for Social Development and Renewal which seeks to support Nigeria and other African countries in the areas of Health, Education, and Social Development.

In addition to his economic contributions, Rabiu, through the BUA Foundation and more recently, his ASR Africa, has contributed immensely to various philanthropic and social development activities in different areas from healthcare to education, sports, water and sanitation amongst others.

On October 6, 2023, Rabiu’s ASR Africa Initiative commenced the groundbreaking ceremony of the state-of-the-art N2.5 Billion Oncology Centre which will provide services for the entire West African region in Ilorin, Kwara State. The health facility is one of many tertiary-level health interventions of the Abdul Samad Rabiu Africa Initiative (ASR Africa) under its Tertiary Health Systems Support Grant scheme. As a leading philanthropic organization committed to delivering sustainable impact in health, education, and social development across the continent of Africa, ASR Africa donated N10 billion in grants of N2.5 billion each to four States including Sokoto, Ogun, Edo and Kwara as part of the scheme.

Kwara State became one of the recipient states in the federation after the State, through its Executive Governor, Abdulrahman Abdulrazaq, presented the model for the largest Oncology Research, Diagnostic, and Treatment Centre in Nigeria. The project under the direct supervision of ASR Africa and in partnership with the Kwara Statement Government, will be equipped with the most modern technology in oncology diagnostics and treatment of patients, thereby providing Nigerians and foreign patients with world-class oncology services to facilitate early detection and affordable treatment for all types of cancers.

In October 2022, Rabiu, through ASR Africa, donated US$500,000 to the United States Agency for International Development to partner on Tuberculosis (TB) control, HIV, and gender-based violence (GBV) prevention efforts in Nigeria. Through this partnership, ASR Africa’s contribution will provide: 11 loop-mediated isothermal amplification diagnostic machines, also known as TB-LAMPs, with laboratory reagents and consumables; renovation of 10 Tuberculosis Directly Observed Therapy or DOT centers; and approximately 1,200 dignity kits for survivors of gender-based violence across selected states in Nigeria.

Before this partnership, he commenced the ongoing development of a N7.5 billion 200-bed specialist hospital in Kano State and during the global COVID-19 pandemic, Abdul Samad Rabiu championed Nigeria’s donation to the COVID-19 intervention by a single individual or corporate donating amongst other things, 1.35billion Naira to the CACOVID Private Sector Coalition; 300million Naira to the Presidential taskforce on Covid-19; over N1billion in cash donations to 10 state governments across the country; about 70 ambulances provided for over 15 states as well as the donation of medical equipment, facemasks, provision of raw/dry foodstuff for over 1.5million persons in Kano, Lagos and Rivers states, and the construction of health infrastructure.

In 2021, Abdul Samad Rabiu set up the Africa Fund for Social Development and Renewal through his ASR Africa Initiative. So far, the initiative has donated and/or commenced projects across Nigeria and Ghana including the N4 billion Police Hospital in Abuja and donated N1 billion each for six universities across Nigeria through the ASR Africa Tertiary Education Grants Scheme for infrastructural development. The beneficiaries of the N6billion Tertiary Education Grants Scheme are Ahmadu Bello University, University of Ibadan, University of Maiduguri, Nnamdi Azikiwe University, University of Ilorin, and University of Benin.

Also, Rabiu has always heeded the call to support in times of crisis, the latest being his donation to victims of flooding in Gombe State and Bauchi States. In the North-East of Nigeria, Abdul Samad Rabiu continues to be one of Nigeria’s largest private donors to reconstruction and development efforts. More recently, he also announced a donation of N10bn Security Support Fund to the Nigerian Government.

Rabiu, through his various business interests, has also been a champion of protecting the environment through his investments in manufacturing plants that meet or exceed stringent environmental standards with a focus on recycling most of their waste products, the use of cleaner energy sources like natural gas whilst reducing the environmental impact of their operations.

These businesses are also involved in various community projects across Nigeria from Water and Sanitation, Electrification, Education and Sports in line with the United Nations Sustainable Development Goals.
As a testimony to hard work, an indefatigable entrepreneurial spirit and consistently championing Nigeria as a preferred investment destination in Africa, Abdul Samad Rabiu was reappointed by President Emmanuel Macron of France as the President of the France Nigeria Business Council in June 2022.

A recipient of many awards, Abdul Samad Rabiu was awarded the 2022 CEO of the Year at the African CSR Awards, and the 2016 African Industrialist of the Year Award by the All-Africa Business Leaders Awards. Other awards include the 2022 Sun Man of the Year Award, the 2020 Vanguard Businessperson of the Year, and the New Telegraph Philanthropist of the Year 2021.

He is also a recipient of several honorary doctorate degrees from various universities including the University of Benin, Nasarawa State University, Sokoto State University and Crescent University.

Rabiu is a fellow of the Institute of Directors, and he currently holds the prestigious Nigerian national honours of Commander of the Order of the Federal Republic (CFR) and Commander of the Order of Niger (CON) as well as the highest civilian national honour in Niger Republic.

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

 

 

 

Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”

 

Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.

 

The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.

 

This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.

 

Speaking on the collaboration, the Laffmattazz team stated:

 

“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”

 

As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.

 

With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.

 

 

About Laffmattazz

 

Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.

 

About First Bank of Nigeria Limited

 

First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.

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Opinions divided over Pasuma Jaiye Kuti proposed wedding 

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Opinions divided over Pasuma Jaiye Kuti proposed wedding 

 

 

The current threading in *entertainment* world of speculated society marriage between oganla Fuji, Wasiu Alabi Pasuma with Nollywood icon, and widely acclaimed Queen of the tube jaiyeola Kuti has brought out different opinions amongst the fans and entertainment personnel.

 

What started as a rumour and mirage is gradually turning to reality and some fans are saying it’s not possible for Jaiye Kuti who is one of the scandal free Nollywood actress to be involved in such an unholy union with Pasuma

Most people who spoke with our correspondence, are of opinion that such a marriage can only happen in a mirage sessions and in Nollywood movies that apart Jaiye Kuti been responsible and married with children, Pasuma is someone who have vowed not to married and have a woman under his roof.

But to some also, it’s not impossible as artistes are known to be engaging and married to each other after denied and counter claims, which made and at the end they will go ahead and married . With this most people believe that truly there’s marriage in offspring for both celebrities While both parties refused to comment on the trend controversial issues about the whole issue , the world is anxiously waiting if this well circulated story of Pasuma getting married to Jaiye Kuti will come to pass or it will turn out to be a mirage.

Either way the die is cast as all eyes will be on Jaiye Kuti and Pasuma with searchlight on Nigeria entertainment industry once again

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PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

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PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

 

President Bola Ahmed Tinubu has congratulated his Senior Special Assistant on Digital Engagement, Strategy and New Media, Mr Otega Ogra, on his election to the Executive Committee of the World Federation of Advertisers (WFA).

 

The election took place today at the organisation’s Annual General Meeting, held during the Global Marketing Week Conference in Stockholm, Sweden.

PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

President Tinubu described the development as a significant step for Nigeria’s growing influence in global communications.

 

He noted that Mr Ogra’s emergence as the only representative from West Africa and Sub-Saharan Africa on the Executive Committee reflects the depth of Nigerian expertise and the contribution of a new generation of young Nigerian professionals to global industry standards.

 

Mr Ogra was elected to the Executive Committee on the platform of the Advertisers Association of Nigeria (ADVAN), underscoring the role of Nigeria’s organised advertising and marketing industry in shaping representation at the global level.

 

The WFA is the leading global body for advertisers, representing over 150 multinational and Fortune 500 companies, alongside national advertiser associations across more than 60 countries, with a combined annual marketing spend running into hundreds of billions of dollars. Its Executive Committee is the organisation’s highest decision-making body, responsible for setting priorities and guiding global policy on responsible advertising, media transparency, sustainability, and the evolution of digital ecosystems.

 

President Tinubu noted that Mr Ogra’s election is both a personal distinction and a strategic opportunity for Nigeria and the African continent, placing them at the centre of global conversations on brand trust, platform accountability, innovation and the future of marketing and communications.

 

The President commended Mr Ogra, who also serves as Vice President of ADVAN, for his sustained contributions to strengthening Nigeria’s marketing and communications ecosystem, drawing on a career spanning leadership roles across the banking, manufacturing, and public sectors.

 

“Otega’s election reflects the growing recognition of Nigerian expertise and affirms our capacity to contribute meaningfully to the frameworks shaping global markets,” the President said.

 

President Tinubu added that the achievement aligns with his administration’s Renewed Hope Agenda, particularly in advancing the creative economy, strengthening digital governance, and positioning Nigeria as a competitive hub for innovation and enterprise.

 

Josh Faulks, CEO of the Australian advertiser association (AANA), and Simon Michaelides, Director General of the UK advertiser association (ISBA), also join the leadership team.

 

Current members of the executive committee, David Wheldon, President and Philip Myers, Deputy President, who is also the Chief Institutional Affairs and Corporate Communications Officer at Ferrero, continue in their current roles, as do all regional vice presidents.

 

 

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