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Abdulsamad Isyaku Rabiu, CON is a Kano-born billionaire who according to Forbes magazine, has estimated over 6.8 billion dollars, making him the fifth richest man in Africa and the 380th in the world as of the 4th of April 2023.
Abdulsamad Rabiu is known as a sturdy businessman and a hearty philanthropist.
1. He Studied Abroad
Abdulsamad Isyaku Rabiu studied at the prestigious Ohio State University USA.
As a common saying of the Nigerian youth “school na scam, na business be the way“, signalling that school doesn’t teach any practical value, this goes to show the contrary.
2. He Hates Monopoly
One would assume that as a business mogul of his capacity, he would fathom the idea of monopoly, but this isn’t the case,
Abdulsamad loathes business monopoly and believes in a fair market for everyone.
3. He is An Astute Believer of Afro Capitalism
In an interview held at Abidjan in 2018, the founder of the BUA group Abdulsamad Rabiu stated clearly that Africa had the number and resources to be looking elsewhere for its services.
He proposed that governments in Africa should help cultivate a favourable business environment for its citizens to drive Africa to a sustainable future, this is the only way for Africa to be self-reliant.
4. Has a $100 Million Social Fund
Yes! The majority shareholder of the BUA Group has pledged a 100 million dollar fund for social and economic development across Africa through his foundation; Abdulsamad Rabiu Africa (ASR Africa) initiative.
5. Has Only “ONE” Wife
While it is a common practice for Northern Nigerian Muslim men to engage in polygyny as it is allowed in Islam, Abdulsamad has maintained a single wife with four children and lives a pretty private life.