By Mike Cerutti
Nigerian industrialist Abdul Samad Rabiu is making global headlines once again, this time with the commissioning of a 60-meter superyacht from Italian shipbuilder Baglietto. This luxury yacht project cements Rabiu’s position among Africa’s elite yacht owners, joining a select group of Nigerian and African super elites who own large, custom-made vessels.
Daily Query can reveal authoritatively that The 60-meter superyacht, designed for long-range cruising with charter-level amenities, is a testament to Rabiu’s impeccable taste and business success. Baglietto, renowned for crafting high-end yachts in the 40-60 meter range, is a top choice for wealthy clients seeking prestige.
Rabiu’s BUA Group conglomerate is one of Nigeria’s largest, with interests spanning cement, sugar, flour, and infrastructure. His company, BUA Cement, is a key player in West Africa’s building materials market, while his broader industrial ventures in manufacturing and energy have solidified his status as one of the continent’s wealthiest entrepreneurs
The superyacht, valued between $65 million and $100 million, is expected to be a symbol of Rabiu’s success and a reflection of his international connections. Industry insiders note that such projects require custom naval architecture, extensive engineering, and a multi-year construction period, depending on specifications and yard capacity
Rabiu’s move is seen as a statement of his commitment to excellence and luxury. As one of Nigeria’s wealthiest businessmen, he has consistently demonstrated his ability to push boundaries and set new standards.
The BUA Group chairman’s latest acquisition is likely to generate buzz among Nigeria’s business elite and beyond. With his track record of success, it’s clear that Rabiu is a force to be reckoned with in the world of business and luxury.
Rabiu’s philanthropic efforts, through the BUA Foundation, have also made a significant impact on Nigerian society. His contributions to education, healthcare, and infrastructure development have improved the lives of many Nigerians
As Rabiu continues to expand his business empire, his commitment to excellence and innovation remains unwavering. His latest venture is a testament to his dedication to quality and his passion for luxury.
