Nigerian business executive Isyaku Abdulsamad Khalifa Rabiu has received N13.2 billion ($9.6 million) in dividends from his equity stake in BUA Foods Plc after the food manufacturing giant distributed a total of N504 billion ($364 million) to shareholders for its 2025 financial year.
The dividend, which was paid electronically to shareholders on July 15, reflects the company’s record earnings performance and reinforces BUA Foods’ position as one of the Nigerian Exchange’s biggest dividend-paying companies.
Khalifa Rabiu owns 473.63 million shares in BUA Foods, representing a 2.63 percent stake currently valued at about N444.7 billion ($328 million). His dividend was credited alongside those of other shareholders, including his father and BUA Group founder, Abdul Samad Rabiu.
The bulk of the distribution went to Abdul Samad Rabiu, who received approximately N467 billion ($337.3 million) in dividends, reflecting his 92.64 percent controlling interest in the company.
The payout follows a year of exceptional financial performance for BUA Foods. The company reported a profit after tax of N518.7 billion ($374.6 million) for the 2025 financial year, more than doubling the N266 billion ($192.1 million) recorded a year earlier.
The earnings growth was driven by robust demand across its key product categories, including sugar, rice and pasta, while improved cost management and operational efficiencies helped expand margins despite persistent inflationary pressures and elevated production costs.
BUA Foods, one of Nigeria’s largest food processing companies, operates an integrated business model spanning sugar refining, flour milling, pasta manufacturing, rice processing, and edible oil production. Its operations include BUA Sugar Refinery, BUA Oil Mills, IRS Flour, and IRS Pasta, enabling the company to maintain greater control over sourcing, production, and distribution.
Khalifa Rabiu has taken on a more prominent operational role within the group following his appointment in January 2026 as chief officer for global procurement and strategic operations.
In the role, he oversees the company’s global sourcing strategy, procurement processes, and supply chain operations, with responsibility for improving procurement efficiency, strengthening supply chain resilience, and supporting cost optimisation initiatives across the business.
Before assuming the position, he worked across several BUA Group businesses, contributing to supplier relationship management and operational improvement projects.
He holds a bachelor’s degree in international relations from Regent’s University London and a master’s degree in Management from Georgetown University’s McDonough School of Business.