BUA Group awards N30 billion in cash prizes to employees

The BUA Group, one of the largest industrial conglomerates in Nigeria, has awarded a total of N30 billion in cash incentives to 510 employees during its 2025 Night of Excellence and Long Service Awards.
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‎BUA Group operates across key sectors, including cement, sugar, food, and infrastructure, and is one of the most valuable listed companies on the Nigerian Exchange (NGX), with a combined market capitalization in the trillions of naira. The awards were presented to employees whose service to the company ranges from five years to over four decades.
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Founder and Executive Chairman, Abdul Samad Rabiu, described the event as a tribute to loyalty and collective ownership. This program follows an earlier move in 2024 when BUA approved a 50 percent salary increase for all employees to help cushion the impact of rising inflation and economic pressures in Nigeria.
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The Chairman acknowledged that BUA’s substantial growth over 36 years was driven by the dedication of the employee, stating that the Group’s listed subsidiaries that is, BUA Cement and BUA Foods, now have a combined market capitalization running into trillions of naira.
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Abdul Samad Rabiu stated that BUA Group will continue its strategy of expansion across its core sectors, investing in advanced technologies, and ensuring that its employees continue to grow alongside it.