Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

Nigerian business executive Isyaku Abdulsamad “Khalifa” Rabiu received N13.2 billion ($9.6 million) in dividends from his stake in BUA Foods Plc after the Lagos-based food producer paid a total of N504 billion ($364 million) to shareholders for the 2025 financial year on July 15. The payout was credited electronically to shareholders alongside other investors in the company.

Khalifa holds 473,628,201 shares in the company, representing a 2.63 percent stake valued at about N444.7 billion ($328 million) at the time of the payout. The dividend was credited electronically alongside other shareholders, including his father, who remains the majority owner of the business.

BUA Foods profit surge drives dividend

For Abdul Samad Rabiu, the payout was significantly larger. He received N467 billion ($337.3 million), reflecting his 92.64 percent controlling stake in the company. The distribution underscores the scale of earnings generated by BUA Foods over the period, driven by stronger performance across its core product lines.

The company reported a profit of N518.7 billion ($374.6 million) for the 2025 financial year, more than double the prior year’s N266 billion ($192.1 million). Higher sales of sugar, rice, and pasta supported revenue growth, while tighter cost control across production and distribution helped lift margins in a challenging operating environment in Nigeria.

Khalifa drives BUA Foods operational growth

BUA Foods operates an integrated model that covers sugar refining, flour milling, pasta production, rice processing, and edible oils. Its portfolio includes units such as BUA Sugar Refinery, BUA Oil Mills, IRS Flour, and IRS Pasta, giving the company direct control over sourcing and distribution across its supply chain.

Khalifa Rabiu, who was appointed chief officer for global procurement and strategic operations in January 2026, oversees sourcing strategy and supply chain efficiency across the group. Before his appointment, he worked on several BUA Group initiatives focused on supplier relations and operational improvements.

In his current role, he is expected to focus on procurement efficiency, cost control, and supply chain stability as the company works to protect margins and sustain earnings. He holds a bachelor’s degree in international relations from Regent’s University London and a master’s degree in management from Georgetown University’s McDonough School of Business and has worked across multiple parts of the group’s industrial operations.