Nigerian billionaire Abdul Samad Rabiu gives $20.7 million to long-serving employees

Nigerian billionaire Abdul Samad Rabiu, founder and chairman of BUA Group, is once again drawing attention for how he treats the people behind his businesses. This time, the focus is on a N30 billion ($20.7 million) cash reward shared among long-serving employees of the group, one of Africa’s largest manufacturing and industrial conglomerates.

Rabiu rewards loyalty across BUA

The payouts were announced on Saturday, Dec. 13, 2025, at the BUA Night of Excellence Long Service Awards held at Eko Hotel & Suites in Victoria Island, Lagos. The annual event, which brought together staff across BUA Group and its subsidiaries, was designed to recognize years of service, loyalty and day-to-day contributions that often go unnoticed outside company walls.

At the ceremony, Rabiu approved cash awards spanning multiple levels of the organization. Five employees received N1 billion ($691,000) each, while another five were awarded N500 million ($345,000). Several others went home with N100 million ($69,000), and dozens more received sums ranging from N5 million ($3,450) to N20 million ($13,810), ensuring the rewards extended beyond senior staff and reflected the breadth of the workforce.

BUA prioritizes worker stability nationwide

The awards build on a pattern that employees say has become familiar at BUA. In February 2024, as Nigeria struggled with the fallout from a sharp naira devaluation and rising inflation, Rabiu approved a 50 percent salary increase across the group.

The decision came at a time when many companies were holding back on pay reviews even as higher food and transport costs eroded household incomes. That salary adjustment applied to both permanent and contract staff, a move that set BUA apart in an economy where non-permanent workers are often excluded from company-wide benefits.

Rabiu’s rewards boost BUA worker loyalty

The latest cash rewards also echo an earlier commitment made during the pandemic years. In 2021, Rabiu announced a N2 billion share bonus for employees of BUA Cement, drawn from his personal holdings. The shares were awarded to staff who helped keep the company profitable during a difficult 2020 marked by supply disruptions and weak demand.

These together actions have helped shape BUA’s reputation as an employer that places tangible value on loyalty and performance. Rabiu’s approach stands out in a country where rising costs continue to challenge both businesses and households not for speeches or slogans but for decisions that directly impact employees’ bank accounts. (Billionaires Africa)