Abdul Samad Rabiu's Top 10 Rules for Success

Abdul is a Nigerian billionaire businessman and philanthropist. He is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. Forbes estimates Abdul Samad's wealth at $3.2 billion, putting him 716th in the global billionaire's club.

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Check out his Top 10 Rules below:
00:00 - Intro
02:48 - Remain focused
03:56 - The African Continental Free Trade Area will benefit Africans more than anyone else
05:21 - The private sector can help a lot by creating jobs
07:19 - African business conferences will go a long way in enhancing deal flow on the African continent
08:42 - African CEOs should periodically come together to brainstorm and share notes
09:34 - Infrastructure investments are critical for Africa's growth
11:08 - State and local governments are key to supporting entrepreneurs
12:40 - The sky is the limit for Africa
13:21 - The African Continental Free Trade Area agreement should continue to be smoothened to make it fair for all countries
14:22 - Project location should be carefully considered

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Abdul Samad Isyaku Rabiu CON (born 4 August 1960 in Kano, Nigeria) is a Nigerian billionaire businessman and philanthropist. His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry (BOI).

On July 7, 2020, Forbes estimated Abdul Samad's wealth at $3.2 billion, putting him 716th in the global billionaire's club.

Abdul Samad Rabiu established BUA International Limited in 1988 for the sole purpose of commodity trading. The company imported rice, edible oil, flour, and iron and steel.

In 1990, the government, which owned Delta Steel Company, contracted with BUA to supply its raw materials in exchange for finished products. This provided a much-needed windfall for the young company. BUA expanded further into steel, producing billets, importing iron ore, and constructing multiple rolling mills in Nigeria.

A few years later, BUA acquired Nigerian Oil Mills Limited, the largest edible oil processing company in Nigeria. In 2005 BUA started two flour-milling plants, in Lagos and in Kano. By 2008, BUA had broken an eight-year monopoly in the Nigerian sugar industry by commissioning the second-largest sugar refinery in sub-Saharan Africa. In 2009 the company went on to acquire a controlling stake in a publicly-listed Cement Company in Northern Nigeria and began to construct a $900 million cement plant in Edo State, completing it in early 2015.

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Maro does not offer investment advice and Maro is not a registered investment advisor. The information provided is from Maro's experiences which may differ from the experiences of other investors or other people. Past performance is not indicative of future results.