• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

Abdul Samad Rabiu donates $12.3 million to Academic institutions 

Inimfon Asifa by Inimfon Asifa
December 28, 2022
in Billionaire Watch
Abdul Samad Rabiu , BUA Foods

Chairman of BUA Group, Abdul Samad Rabiu.

Share on FacebookShare on TwitterShare on Linkedin

Nigeria’s second richest man, Abdul Samad Rabiu, has donated N5.5 billion ($12.3 million) to 22 Nigerian universities and academic institutions.

The donations, made through the Abdul Samad Rabiu Africa Initiative (ASR Africa), are expected to significantly help to improve the country’s higher education system.

Each of the chosen universities will get N250 million ($560,700) in subsidies through ASR Africa’s Tertiary Education Grants Scheme (TEGS) for the improvement of their facilities. 

RelatedStories

BUA Group commits $65 million to Rivers Port Terminal reconstruction, no public funds involved

BUA to complete over 500km of federal roads by 2026 under tax credit scheme – Abdul Samad Rabiu 

June 6, 2025
Rabiu blames 100% rice price surge on post-harvest hoarding

Rabiu blames 100% rice price surge on post-harvest hoarding

May 16, 2025
  • With eight universities previously receiving funding under the TEGS Scheme, the latest donation has raised the total number of benefiting institutions to 30. 
  • Education is one of the three main priority areas for ASR Africa’s operations in Nigeria and throughout Africa, according to Rabiu, head of the BUA Group.

ASR Africa’s Goal: Abdul Samad Rabiu Africa Initiative (ASR Africa) is a nonprofit organization that was founded in April 2021 to tackle issues with social, educational, and health development throughout Africa. 

The 22 universities chosen for the $12.3 million in awards were announced by ASR Africa’s managing director, Ubon Udoh, who noted that they were picked based on carefully established criteria. 

The selection of projects and the creation of frameworks for reciprocal accountability with the relevant universities will be the following steps in the grant application procedure. 

The funding from Rabiu would give Nigeria’s higher education sector a much-needed boost and aid to upgrade the facilities and infrastructure at the chosen institutions. Rabiu is dedicated to using his resources and power to improve both his native nation and the larger continent. 

Other philanthropic acts by Abdul Samad Rabiu 

  • ASR Africa has donated $3 million for a development initiative in Niger Republic. 
  • ASR Africa refurbished the neonatal unit at Gwarimpa General Hospital and donated over 80 pieces of new, modern equipment. 
  • ASR Africa donated 3 ambulances to bolster Ekiti State’s healthcare system. 
  • He donated and handed over a newly built 150-bed hospital to the Nigeria Police in Abuja. 
  • He donated N10 billion to Nigeria Security Support Fund from ASR Africa towards the provision of some security equipment, medical and other supplies, upgrade of health facilities, and other infrastructure for families of those on the frontlines. 
  • He donated $1.1 billion to NDLEA to combat drug abuse in Nigeria 

 


Follow us for Breaking News and Market Intelligence.
Tags: Abdul Samad Rabiu
Inimfon Asifa

Inimfon Asifa

Related Posts

BUA Group commits $65 million to Rivers Port Terminal reconstruction, no public funds involved
Real Estate and Construction

BUA to complete over 500km of federal roads by 2026 under tax credit scheme – Abdul Samad Rabiu 

June 6, 2025
Rabiu blames 100% rice price surge on post-harvest hoarding
Agriculture

Rabiu blames 100% rice price surge on post-harvest hoarding

May 16, 2025
ASR Africa
Corporate Updates

ASR Africa kicks off the construction of a N250 million Abdul Samad Rabiu sport complex for the University of Jos

April 23, 2024
Dangote, Innosson, Elumelu, 13 others listed as Members of Presidential Economic Advisers  
Economy

Dangote, Innosson, Elumelu, 13 others listed as Members of Presidential Economic Advisers  

February 26, 2024
Abdul Samad Rabiu, BUA
Billionaire Watch

Abdul Samad Rabiu post highest % gain this month, as BUA Cement hit all time high

January 24, 2024
Abdul Samad Rabiu , BUA Group
Billionaire Watch

Abdul Samad Rabiu makes a huge comeback, 382nd on Bloomberg’s world richest list 

January 19, 2024
Next Post
Reps move to probe why FG’s N3.4 billion solar power project failed,CEOs of MTN, Airtel, others risk arrest as Reps investigate foreign exchange frauds, Amid Coronavirus spread in Nigeria, lawmakers take delivery of exotic cars, NLC hastens House of reps to criminalise casualization of workers

ASUU Salary Arrears: Reps leader, Gbajabiamila, says no agreement with union

Comments 3

  1. Abdu J,J. says:
    December 28, 2022 at 8:37 pm

    lts sad to note that Okpella and it’s people are conspicuously missing in the philanthropic list of Abdul Samad Rabiu’s list.

    Reply
  2. Nejeeb Bello says:
    December 28, 2022 at 8:41 pm

    He also donated N250 million to Federal Government College, Kano.

    Reply
  3. Salisu Dambatta says:
    December 31, 2022 at 10:02 am

    May the Almighty God multiply his legitimate wealth and preserve him for a long time to do as much good deeds as possible. These deeds will be rewarded by Allah in many ways.

    I know of a school in an underprivilged area of Dambatta in Kano state that is struggling to remain afloat as the low income parents of the pupils are unable to raise the N35,000 for books, uniforms and fees per session of three terms.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NUPRC unveils tech-driven oil export system to track Nigeria’s crude shipments
  • Nigeria signs MoU with Chinese firm to deploy direct-to-device satellite connectivity  
  • FG launches LUMINAH 2030 to empower over one million girls and women by 2030 

Follow us on social media:

Recent News

Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

NUPRC unveils tech-driven oil export system to track Nigeria’s crude shipments

June 19, 2025
Nigeria signs MoU with Chinese firm to deploy direct-to-device satellite connectivity  

Nigeria signs MoU with Chinese firm to deploy direct-to-device satellite connectivity  

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics