Abdul Samad Rabiu, Chairman of BUA Group, is making headlines nationwide due to his outspoken stance on food hoarding and his commitment to stabilizing Nigeria’s economy through accessible food and construction materials. His recent comments and corporate actions have sparked widespread attention and support.
In response to soaring food prices and alleged rice hoarding, Rabiu stated that hoarders will incur losses as rice prices are bound to drop soon. According to him, BUA's continued investment in large-scale rice farming and processing will soon flood the market with locally-produced rice, reducing dependency on hoarded stockpiles. His remarks align with the federal government's goal to curb artificial scarcity and inflation in the food sector.
Rabiu further emphasized the private sector’s commitment to supporting President Tinubu’s administration in fighting food insecurity. He highlighted that businesses like BUA are not just profit-driven but are invested in Nigeria’s broader economic stability. His collaboration with government initiatives aims to ensure affordability and availability of essential goods, especially food staples.
Additionally, Rabiu addressed concerns in the construction sector by assuring Nigerians that cement prices will remain stable. He confirmed that BUA has no intention of increasing cement prices, particularly as Nigeria embarks on key infrastructure projects under the Renewed Hope Agenda. This declaration offers relief to developers and public stakeholders concerned about escalating building costs.
Abdul Samad Rabiu is trending because he is positioning himself as a corporate leader actively working for economic stability, transparency, and social responsibility. His bold public statements and supportive actions are not only boosting investor confidence but also setting a standard for ethical corporate leadership in Nigeria.
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