University of Ibadan secures US$2.45m from ASR Africa

NIGERIA – Abdul Samad Rabiu, founder of BUA Group, has donated the sum of N1 billion (US$2.45m) to the University of Ibadan in Oyo state, through the Abdul Samad Rabiu Africa Initiative (ASR Africa). The donation, which is part of the ASR Africa’s tertiary education grants scheme, comes weeks after a similar donation was made to the Ahmadu Bello University (ABU) in Zaria, Kaduna state, for the provision of accommodation facilities for students and a faculty building in the institution. In a statement on Rabiu, chairman of ASR Africa who…

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ASR Africa appoints Ubon Udoh as pioneer Managing Director/Chief Executive

NIGERIA – The Abdul Samad Rabiu Africa (ASR Africa) initiative has announced the appointment of Ubon Udoh, as its pioneer Managing Director/Chief Executive, aconsummate International Development and M&E expert, effective immediately. The ASR Africa Initiative, which is the brainchild of industrialist and Philanthropist, Abdul Samad Rabiu, was recently set up with an annual pledge of US$100 million dedicated to Health, Education and Social Development issues within the African continent – with Nigeria to benefit US$50million yearly and the rest of Africa, US$50miilion dollars in what is the largest private philanthropic…

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BUA Group Founder and Chairman launches US$100m endowment fund

NIGERIA – BUA group Founder and Chairman Abdul Samad Rabiu has announced through a press statement the launch of an annual US$100 million Africa Endowment Fund starting from 2021. The fund is made up of US$50 million to Nigeria, and the rest US$50 million to the rest of the continent. The funds are specifically geared towards improving education, health and social development across the continent starting with infrastructure and capacity development. “Over the years as a corporate, and through the BUA Foundation, we have been actively involved in corporate philanthropy…

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