Nigerian Billionaire AbdulSamad Rabiu Awards $20.7 Million to Long-Serving BUA Group Employees

Nigerian Billionaire AbdulSamad Rabiu Awards $20.7 Million to Long-Serving BUA Group Employees

In a remarkable display of employee appreciation, Nigerian billionaire AbdulSamad Rabiu has distributed $20.7 million in cash rewards to long-serving staff of BUA Group, one of Africa’s largest industrial conglomerates.

The announcement came during the BUA Night of Excellence Long Service Awards, held on December 13, 2025, at Eko Hotel & Suites in Lagos. The ceremony celebrated loyalty, years of service, and the everyday contributions that sustain the company’s operations.

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Top-tier rewards were significant: five employees each received N1 billion ($691,000), another five were given N500 million ($345,000), while others received N100 million ($69,000). Additional staff members were awarded sums ranging from N5 million ($3,450) to N20 million ($13,810), underscoring Rabiu’s commitment to recognizing excellence beyond senior management.

This gesture continues Rabiu’s history of staff support. In February 2024, he approved a 50% salary increase across BUA Group during Nigeria’s economic downturn. Similarly, in 2021, he announced a N2 billion share bonus for BUA Cement employees for their role in sustaining the company during the pandemic.

Rabiu’s generous rewards have further strengthened employee loyalty and solidified BUA Group’s reputation as a company that not only values its workforce but also tangibly invests in their well-being and motivation.

Nigerian Billionaire AbdulSamad Rabiu Awards $20.7 Million to Long-Serving BUA Group Employees