Lagos | September 14, 2025 — BUA Foods Plc has announced a massive dividend payout of ₦216 billion to its chairman, billionaire industrialist Abdulsamad Rabiu, following a strong financial year that saw the company post record earnings.
The dividend windfall comes as part of BUA Foods’ profit distribution to shareholders, with Rabiu — the company’s largest stakeholder — set to take the lion’s share. The payout reinforces his status as one of Africa’s wealthiest businessmen, with major interests spanning food processing, cement, and real estate.
Industry analysts say the announcement reflects BUA Foods’ robust performance across its sugar, flour, and pasta segments, which have continued to drive revenue despite Nigeria’s volatile economic environment. The company’s strategic positioning in essential commodities has also shielded it from foreign exchange shocks and supply chain disruptions that hit other sectors.
The dividend approval is expected to reassure investors of BUA Foods’ long-term profitability and commitment to shareholder value. However, some observers argue that such a large payout highlights Nigeria’s deepening inequality, as ordinary citizens grapple with high inflation, rising food prices, and a cost-of-living crisis.
Rabiu, whose wealth has grown significantly in recent years, has consistently reinvested in expanding BUA’s manufacturing and distribution networks. His company remains one of the largest employers in Nigeria’s food industry, with a strong export footprint across Africa.
