Society
Abdulsamad Rabiu Bounces Back
Doggedness is one of the key secrets of some of the richest people in the world.
Thus, “when the going gets tough, the tough get going” till the goal is achieved.
As far as Africa is concerned, Abdulsamad Rabiu, the chairman of Bua Group is one of the richest men in the continent.
However, due to the economic downturn occasioned by the COVID-19 pandemic, the man fell in the pecking order of the richest men in the continent.
While his business suffered and his worth dropped, the valuation of other businessmen skyrocketed seeing Rabiu dropping considerably in the Forbes Africa list of richest people.
The businessman is however back, as his businesses are on the right track once again. Signs of his road to recovery came to the fore with the listing of BUA Foods PLC, a sugar and food firm on the Nigerian Exchange making him $1.5 billion richer.
However, confirmation of the man’s new status came with an improved placement on Forbes Africa’s list of richest people, making him the fifth richest man in Africa and the second in Nigeria.
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