Chairman of BUA Group, Abdul Samad Rabiu, has joined the first group of Africans to own the Bombardier Global 8000 private jet valued, after splashing a whopping $81 million – ₦111.52 billion, to take delivery of the luxury equipment.
The group said the latest addition meant to swell the company’s growing fleet, was acquired through an agreement reached in late 2025 and was recently delivered, according to information shared on Rabiu’s Instagram page.
Before enlisting among the first business figures in Africa linked to ownership of the aircraft, said to be Bombardier’s latest ultra-long-range business jet, designed for long-distance travel with the capacity to carry up to 19 passengers, the conglomerate had boasted of other aircraft in its fleet.
The delivery is said to be coming as companies within the BUA Group continue to post strong financial results, with the BUA Cement, one of its biggest assets, and BUA Foods reporting increases in profit in its first-quarter 2026 performance.
The report said the recent wealth estimate placed the net worth of the business magnate, reputed to be the Second Richest Man in Africa (SRMIA) worth at $11.2 billion, reflecting growth in the value of his business interests across several sectors of the economy.
But it added: “This treats the delivery of the jet as the actual news, rather than making the story mainly about his wealth ranking or business expansion. The wealth information is pushed to the background where it belongs.”
