Nigerian billionaire Abdul Samad Rabiu shares boat cruise weeks after Masai Mara safari

Nigerian billionaire Abdul Samad Rabiu offered followers another glimpse into his private life over the weekend, sharing a boat cruise weeks after a high-profile safari in Kenya’s Masai Mara National Reserve. In a recent post on Instagram, Rabiu—whose fortune is estimated at $10 billion—appeared relaxed aboard one of his electric boats. 

Boat outing follows Masai Mara Safari

He captioned the photo, “From harbour to out at sea with my co-captain of chaos,” a lighthearted note that contrasted with the pace of his business schedule. With that net worth, he ranks as Nigeria’s second-richest person behind Aliko Dangote, according to wealth estimates.

The boat outing comes about three weeks after Rabiu shared images from the Masai Mara, one of Africa’s best-known wildlife reserves. The Kenyan park, famous for its annual migration of wildebeest and its population of lions, draws visitors from around the world.

Rabiu’s posts from the safari showed expansive plains and close encounters with wildlife—a quieter setting far removed from the factory floors and boardrooms that define much of his public life.

Building across borders, expanding BUA Group

His recent travels have also included stops in South Africa and Qatar, where he posted photos of a private dinner with friends, including fellow billionaires. While the posts highlight his personal time, they come during a busy stretch for BUA Group, the conglomerate he leads.

BUA Cement is moving ahead with plans to almost double production capacity to 20 million metric tons annually under an agreement with China-based CBMI Construction Co. The expansion would narrow the gap with Dangote Cement, which has a capacity of 52 million metric tons, and deepen BUA’s presence in West Africa’s construction market.

BUA Foods profit jumps 91%

At the same time, BUA Foods Plc has reported strong financial results. For period ended Dec. 31, 2025, the Lagos-based company posted profit of N507.7 billion ($366.6 million), up from N266 billion ($192.7 million) a year earlier. Revenue rose to N1.8 trillion ($1.29 billion) from N1.52 trillion ($1.1 billion) in 2024, supported by higher demand for sugar, pasta and rice.

According to its financial statement, total assets increased to N1.38 trillion ($990 million) as of Dec. 31, 2025, compared with N1.095 trillion ($780 million) a year earlier. Retained earnings climbed to N694.7 billion ($500 million) from N421 billion ($300 million), while shareholders’ equity rose to N702.8 billion ($507 million) from N429 billion ($309.5 million).