In line with his philanthropic activities, leading Nigerian Industrialist and Executive Chairman of BUA Group, Abdul Samad Rabiu has announced the donation of a N10 billion Nigeria Security Support Fund.
The donation is from his foundation known as Abdul Samad Rabiu Africa Initiative (ASR Africa) towards the provision of some security equipment, medical and other supplies, upgrade of health facilities and other infrastructure for families of those on the frontlines.
BUA Group chairman made this known during his visit to Nigerian president, Muhammadu Buhari in Abuja on Friday, August 12.
According to a statement from the group, the visit to the president was to update him and to thank him for creating an enabling environment for business to thrive, and also brief him on the strides BUA Group has made in the past few years.
Rabiu thereafter, briefed the President on the activities of his foundation, The Abdul Samad Rabiu Africa Initiative (ASR Africa).
According to Rabiu, the visit was in order to identify with President Muhammadu Buhari, during whose tenure BUA has built over 10 factories with two of the Group’s subsidiaries now amongst the top 10 largest publicly listed companies in Africa, and to further support the efforts of his administration in business as well as in the security space.
In his response, President Buhari said it was heartwarming to see and hear of Nigerian companies doing so much within Nigeria, and Africa, especially in the area of production using locally available raw materials.
He also expressed his elation at the achievements of BUA which had led to phenomenal growth within such a short time.
“As a Government, we know we have done a lot in this regard, and we will continue to do more to support the aspirations of serious businesses, big and small, by providing an enabling environment as well as supporting value creation within Nigeria,” Buhari stated.
Buhari further stated that entrepreneurs and the business community, whose investments align with the priorities of the government in value and job creation, will continue receiving the full support of his administration, noting that the huge growth experienced by conglomerates like BUA Group is evidence of the correctness of government policies.
He added that the government’s current focus on import substitution to encourage local production and export stimulates growth and stability and, urged investors to take advantage of the vision.