BUA Group Pays N30bn in Landmark Cash Awards to 510 Employees
BUA Group has paid out an unprecedented N30 billion in cash awards to 510 employees at its 2025 Night of Excellence and Long Service Awards, marking one of the largest employee reward initiatives ever undertaken by a Nigerian private-sector company.
The programme recognised staff members whose service spans from five years to more than four decades, underscoring BUA’s long-held philosophy that sustainable enterprise value is built primarily on human capital rather than balance sheets alone.
Speaking at the event, Founder and Executive Chairman, Abdul Samad Rabiu, CFR, CON, reflected on the Group’s transformation from a modest start 36 years ago into one of Nigeria’s most valuable listed conglomerates, with a combined market capitalisation now running into trillions of naira.
He emphasised that BUA’s growth trajectory was driven not by capital or leadership alone, but by employees who committed to the vision long before its commercial rewards became evident.
Rabiu described BUA’s workforce as partners in a shared legacy, noting that loyalty, professionalism and resilience must be rewarded in tangible terms. “Every factory built and every milestone achieved bears the imprint of people who believed in this journey from the start,” he said.
Of the N30 billion disbursed, 41 employees in the highest award categories received their cheques on stage, with individual awards ranging from N100 million to N1 billion. These included sixteen recipients of N100 million, nine of N200 million, seven of N250 million, three of N500 million, and five recipients of N1 billion each.
A special, undisclosed cash award was also presented to Kabiru Rabiu in recognition of his exceptional leadership, loyalty, and long-term contribution to the Group’s stability and growth. The remaining awardees received, or will receive, their cheques and plaques at various BUA operational locations nationwide.
From a market perspective, the initiative reinforces BUA Group’s positioning as a long-term value creator with a strong internal culture that aligns employee incentives with corporate performance. Rabiu noted that the awards represent only a token of appreciation, acknowledging that financial compensation alone cannot fully reflect decades of dedication and personal sacrifice.
Looking ahead, BUA plans to deepen investments across cement, sugar, food, and infrastructure, while expanding capacity and deploying advanced technologies growth strategies that management says will continue to carry employees along as stakeholders in the Group’s future.
The event drew prominent business leaders and policymakers, including Alhaji Aliko Dangote, Ogun State Governor Dapo Abiodun, Minister of State for Finance Dr Doris Uzoka-Anite, and Minister of Arts, Culture, Tourism and the Creative Economy Hannatu Musawa, highlighting the broader significance of the initiative within Nigeria’s corporate and economic landscape.
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