9. Abdulsalam Rabiu
Net Worth: $700 Million
Rank In Nigeria: #9
Rank in Africa: #33 (#23 in 2013)
Abdulsamad Rabiu runs BUA Group, a conglomerate active in flour milling, pasta manufacturing, ports and terminals management and sugar refining.
The group stopped operations at its BUA Cement unit, a cement trading business, after the Nigerian government banned imports of bulk cement in 2013.
BUA Group operates two cement plants in Nigeria and reportedly spent $500 million for a new cement plant in Nigeria’s Edo State that is expected to open in early 2015.
Rabiu, the son of a businessman, set up his own business in 1988, importing rice, sugar and edible oils as well as iron and steel rods.