12th August, 2022
The Chairman of BUA Group of Companies, Abdul Samad Rabiu on Friday announced the creation of N10 billion Nigeria Security Support Fund from his Abdul Samad Rabiu Africa Initiative (ASR Africa) during a visit to President Muhammadu Buhari at Aso Rock presidential villa in Abuja.
Rabiu updated the President on the strides BUA Group has made in the past few years while thanking him for creating an enabling environment for business to thrive
He noted that under President Buhari’s administration, the BUA Group has built over 10 factories with two of the Group’s subsidiaries now amongst the top 10 largest publicly listed companies in Africa.
The BUA Group Chairman also briefed briefed the President on the activities of his foundation, ASR Africa.
He therefore pledged further support to efforts of the Buhari’s administration in industrial development of the country as well in the security space with the N10 billion security initiative to be directed towards the provision of some security equipment, medical and other supplies, upgrade of health facilities and other infrastructure for families of those on the front lines.
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.”