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Abdul Rabiu

Chairman, BUA Group

Search every verified Abdul Rabiu interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Abdul Rabiu, Chairman of BUA Group, recently spoke at the BUA Foods Plc 5th Annual General Meeting in Abuja on July 15, 2026, where he addressed shareholders on the company's expansion plans and market position. He stated that upon completion of current projects, BUA Foods would become the largest player in its sector in Nigeria, noting that the company is the only indigenous Nigerian firm among four companies controlling nearly 90% of the market. Rabiu also commented on food prices, saying they have significantly dropped compared to the previous year, and discussed ongoing initiatives including sugar refining under a backward integration program, an oil milling plant, a feed mill, and a noodles plant. At the BUA Cement 2025 Distributors' Awards held on August 24, 2026, Rabiu announced a 30 naira per bag bonus for all dealers on volumes purchased in 2025, with approximately 5 billion naira earmarked for this purpose. He described the company's approach as building an institution and shaping the industry's future rather than merely moving products. In a separate meeting with Nigerian President Tinubu on July 15, 2026, Rabiu characterized the visit as a courtesy call to express appreciation for the president's support of the business environment, reaffirming BUA's commitment to investing in Nigeria and creating jobs.

Recent appearances

Notable quotes

“Tonight all our dealers shall receive a 30 naira per bag bonus on all volumes purchased in 2025. A whooping sum of about 5 billion naira has been earmarked for this purpose.”

“We are not happy that we are giving you all the profits. So next next year we should give you only 50%. No, we just believe that shareholders should get as much as they can because the business itself is doing quite substantial delight.”

“By next year when our current projects are completed, Bua Foods will become the largest player in our sector in Nigeria. Inshallah, we are not pursuing growth simply for the sake of becoming bigger. We are pursuing growth because scale matters in an industry like ours. Today, four companies control almost 90% of this market. Bua foods is the only indigenous Nigerian company amongst them.”

“The naira devaluation also that took place which was important or necessary it needed to be done and that is why we are now able to plan better because the exchange rate is stable. Before when it was artificial. The rate when it was artificial at 600 or 500 naira at central bank but you come out same day you can sell at 7 8 900 naira that was not good for anybody. Today you can plan for 6 months 9 months ahead becaus”

“We are seeing the cost of energy almost has almost doubled in the last 3 months because of this unfortunate war and our opex energy is probably 35 40%. So you can imagine yet even with that we have really managed to maintain the price of cement without really increasing as much as the energy cost because we appreciate that look some of these things we just need to manage them.”

“Africa does not lack ambition. What it has lacked is coordinated execution at scale. Because history will not judge us by the speeches we deliver. It will judge us by the systems we build and whether they enabled Africa to rise at scale.”

The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →