#Coronavirus in Nigeria: Billionaire Abdul Samad Rabiu redeems NGN 1 billion pledge to CBN


Billionaire Abdul Samad Rabiu, who is the chairman of BUA Group, has announced a donation of  1 billion to assist the fight against COVID-19  and he has redeemed it. 

Billionaires in Nigeria are already coming out in their numbers to assist the government in the fight against COVID-19 in Nigeria. Billionaire Femi Otedola donated a sum of NGN 1 Billion to the government. Now, Billionaire Abdul Samad Rabiu has done the same.

A statement was released on the official Instagram account of  BUA Group stating that the pledge by their chairman had been reedemed.

Read the statement below:

BUA has today, redeemed its pledge of N1billion to the fight against COVID-19 in Nigeria by way of a confirmed funds transfer to the COVID-19 relief fund account with the Central Bank of Nigeria. In addition, the company also announced another donation of N300 million to Sokoto, Edo and Ogun States to assist in galvanising a coordinated response and adequate preparedness in the fight against the COVID-19 pandemic in these states.

The donations to Sokoto and Edo States were on behalf of its Cement subsidiary, BUA Cement which has its major operations in those states whilst Ogun was also selected as a beneficiary due to its proximity to Lagos which had been the epicentre of the virus in Nigeria.

This development comes exactly a day after the Chairman of the Group, Abdul Samad Rabiu, announced a cash donation of N1billion to Nigeria’s response to the virus and also, another donation to 9 states of medical and emergency kits and supplies including face masks, testing kits, safety goggles, gloves, personal protective gear – which have already been ordered and should be delivered soon.

In his comments on the additional donation of N300million to Edo, Sokoto and Ogun States, Abdul Samad Rabiu, Chairman of BUA Group said that although these states have been identified for this intervention in the first instance, “BUA is monitoring the situation closely and is also looking at other states that may need additional help. We will continue engaging with these states and relevant partners including the NCDC in the areas where they need support to win this fight against COVID-19.”, Rabiu adds.

Rabiu also urged other well-meaning Nigerians – individuals and corporates alike, to join hands in supporting the efforts to put the virus in check in Nigeria, financially and otherwise. “Our country needs us now more than ever. This is the time to come together and support.”

View this post on Instagram

Yesterday, our Chairman, Abdul Samad Rabiu announced a donation of N1billion to assist the fight against COVID-19. Today, that pledge was redeemed through an electronic transfer to an account domiciled at the central bank. Also today, another donation of N300million was announced for Edo, Sokoto and Ogun states to galvanize support and assist with preparedness. We have also placed orders in the thousands for the following which should arrive Nigeria soon and will distributed to 9 states (Lagos, Kano, Adamawa, Edo, Kwara, Rivers, Abia, Akwa-Ibom and Sokoto): 1. disposable protective masks 2. test kits 3. protective goggles 4. Medical examination gloves 5. Isolation and protective medical gear Engagement is currently ongoing with other states and partners including the NCDC to see areas where they need support. According to our Chairman, Abdul Samad RABIU, "Our country needs us now more than ever.. This is the time to come together and support." Here is saying thank you to every individual and corporate organization doing something to support interventions to help during this period. And to those on the Front-lines, we appreciate your efforts. Stay safe, be safe. #BUAGroup #UnlockingOpportunities #BUACares

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