BUA Group’s shareholders to get N842.64 billion dividend
• ‘Abdus Samad Rabiu worthy of emulation’ Shareholders have commended corporate governance leadership style of Chairman of BUA Group, Alhaji Abdul Samad Rabiu, urging other business leaders to emulate his
• ‘Abdus Samad Rabiu worthy of emulation’
Shareholders have commended corporate governance leadership style of Chairman of BUA Group, Alhaji Abdul Samad Rabiu, urging other business leaders to emulate his compassionate approach to staff and stakeholders’ welfare.
The commendation came as BUA Group declared that its two publicly quoted companies- BUA Foods Plc and BUA Cement Plc, would distribute N842.64 billion as cash dividends to shareholders.
BUA Foods is distributing a total of N504 billion, representing a final dividend per share of N28, 115.4 per cent above N13 paid for the 2024 business year. BUA Cement is paying a total of N338.64 billion, implying a N10 dividend per share, representing 387.8 per cent above N2.05 paid for 2024 business year.
Shareholders yesterday said Rabiu has consistently demonstrated how to translate private enterprise and wealth into public benefits by opening up his companies for public ownership, through highly incentivized employee compensation and welfare schemes and customer empowerment.
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They also noted Rabiu’s shareholders’ return record and utmost consideration for public good in products’ pricing and advocacy as exemplary attributes worthy of emulation.
BUA Cement Plc and BUA Foods Plc are among the largest companies on the Nigerian stock market, with total value of about N26 trillion. BUA Foods is Nigeria’s largest publicly quoted food manufacturing company and the nation’s second largest quoted company. BUA Cement is the country’s second largest cement company and one of the top five quoted companies.
In a statement signed by President, Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Dr Faruk Umar, shareholders cited the recent gifting of about N30 billion or $21 million to 510 long-serving employees as unprecedented in Nigeria’s corporate history.
Under the December 2025 reward programme, Rabiu had distributed money to all categories of employees ranging from junior staff to senior management members. Five employees became instant billionaire with a gift of N1 billion each while several employees received as much as N500 million. Other rewards ranged from N5 million, depending on the length of service and role. BUA Group had earlier in 2024 increased staff salary by 50 per cent.
“We think corporate leaders have excellent example to emulate in Alhaji Abdul Samad Rabiu. The way he’s been running his companies, treating his employees, dealing with customers and even we shareholders are quite encouraging.”
When corporate leaders see their success more as a blessing to the community than themselves, the entire country will be better for it,” Umar said.
He noted that Rabiu’s expansive investments in foods and cement manufacturing were part of the pillars of Nigeria’s economic development, pointing out that BUA Group’s ongoing investment in petroleum refinery would further deepen Nigeria’s energy independence.
Umar, who represents minority retail shareholders on the board of Nigerian Exchange (NGX), applauded BUA Group’s corporate governance compliance record, which underlines priority accorded to inclusive and sustainable growth.
“There are several ways to know a good company. One, you check the corporate disclosure records; how is the company complying with accurate and timely dissemination of relevant facts and figures. Then, check staff management, because that’s why sustainability lies. As an investor, you look at financial results and dividend records. You look at the corporate growth strategies- where are the new investments, how diversified is the revenue profile and how resilient is the business model. Public reputation is also important. In all these, you find BUA Group doing excellently well,” Umar said.
He assured that shareholders would continue to support corporate leaders like Rabiu who prioritise people’s welfare while committing their wealth to national economic rejuvenation.
Rabiu BUA Group had played critical role in moderating prices of common goods like sugar and cement through increased supply and discounted pricing, which helped to prevent skyrocketing inflationary prices.
Key items for the audited report and accounts ended December 31, 2025 showed that BUA Foods recorded group revenue of N1.77 trillion in 2025 as against N1.53 trillion in 2024. Profit before tax doubled from N284.32 billion to N521.53 billion. After taxes, net profit jumped from N266 billion in 2024 to N518.39 billion in 2025.
BUA Cement recorded total turnover of N1.18 trillion in 2025 as against N876.47 billion in 2024. Profit before tax rose from N99.63 billion to N465.28 billion. Profit after tax quadrupled to N356.04 billion in 2025 compared with N73.91 billion in 2024.
