Abdul Samad Rabiu Pushes BUA Cement Toward 20Mtpa with New Sokoto and Edo Plants

Abdul Samad Rabiu is accelerating the expansion of BUA Cement Plc with new projects in Edo State and Sokoto State, targeting a total production capacity of 20 million tonnes per annum (Mtpa).

The expansion plan includes a 3Mtpa greenfield cement plant in Ososo, Edo State, scheduled for completion by December 2027, and a 3Mtpa brownfield expansion in Sokoto State, expected to be commissioned by December 2028. Construction on the Edo project is already underway, while supporting infrastructure in Sokoto, including a regasification plant, is progressing steadily.

The aggressive push is backed by strong financial performance. BUA Cement reported a 34.6% rise in revenue to ₦1.2 trillion in 2025, up from ₦876.5 billion in 2024. Profit after tax surged by 381.7% to ₦356 billion, while earnings per share climbed to ₦10.51 from ₦2.18. EBITDA also jumped by 104.7% to ₦549.9 billion, with margins improving significantly to 46.6%.

Gaskiyacast reports that, the Managing Director Yusuf Binji attributed the performance to improved cost control, operational efficiency, and deeper market penetration. The company also strengthened its logistics network by adding 500 new bulk cement tankers, enhancing distribution capacity nationwide.

Beyond Nigeria, BUA Cement is expanding its regional footprint, resuming exports to Niger and Burkina Faso. This aligns with Rabiu’s long-term strategy of positioning the company as a leading supplier in West Africa, where demand for cement continues to grow due to a widening housing deficit across the continent.

Reflecting investor confidence, the board has proposed a dividend of ₦10.00 per share for 2025, a sharp increase from ₦2.05 in the previous year.

With new plants underway and export markets reopening, Rabiu is reinforcing BUA Cement’s role as a key player in addressing Africa’s infrastructure and housing needs.