About BUA Group Nigeria
BUA Group is a leading Nigerian conglomerate with a diverse portfolio spanning cement production, sugar refining, and food processing. Since its inception, the company has played a pivotal role in Nigeria’s industrial growth, leveraging strategic investments and innovation to expand its operations. Its commitment to economic development and self-sufficiency has made it a key player in sectors critical to the nation’s infrastructure and food security. Over the years, BUA Group has achieved significant milestones, marking its rise as an industrial powerhouse. In 2015, it opened the $1 billion Obu Cement Plant with a 3 million metric-ton-per-year capacity and began constructing the Kalambaina Cement Plant in Sokoto. The following year, it divested its flour and pasta milling assets in a $300 million deal, while founder Abdul Samad Rabiu was honored as Industrialist of the Year. By 2018, the Kalambaina plant was completed, and in 2019, the company merged it with CCNN in a landmark $1.1 billion deal. That same year, Rabiu was listed among Forbes’ top Black billionaires, cementing his global influence.
In recent years, BUA Group has continued to strengthen its market position. It listed BUA Cement on the Nigerian Stock Exchange in 2020 and consolidated its food operations under BUA Foods in 2021. Through initiatives like the Rice Outgrowers Scheme, which supports over 100,000 farmers, the company demonstrates its commitment to sustainable growth and local empowerment. Today, BUA Group remains a driving force behind Nigeria’s industrialization, fostering economic progress while setting new benchmarks for corporate excellence.