First Bank

Thursday, March 25, 2021

Abdul Samad Rabiu Africa Initiative – ASR Africa – Starts Disbursement Of Annual $100m Grant As Ahmadu Bello University Gets N1Billion


ASR Africa Initiative – the brainchild of Abdul Samad Rabiu, Founder and Executive Chairman of BUA Group has provided a grant ofOne (1) billion Naira to Ahmadu Bello University as part of its yearly $100million ASR Africa Fund for Social Development & Renewal. This One Billion Naira grant will go towards the provision of a Hostel and Department Building as identified by the University today.

African Industrialist and Philanthropist, Abdul Samad Rabiu, had on Monday launched the ASR Africa Initiative for Education, Health and Social Development in Africa which focuses mainly on equipping facilities, researchers, healthcare practitioners and community-level service providers and alsosupporting the efforts of various Governments in Nigeria and Sub-Saharan Africa in Education, Healthcare and Social Development.

Speaking at a ceremony at the Ahmadu Bello University today, Abdul Samad Rabiu also named the University of Nigeria, Nsukka; University of Maiduguri; University of Ilorin; University of Ibadan, and University of Benin as other beneficiaries of One Billion Naira each in the first cohort of the intervention grant.

According to Rabiu who was represented by Dr. Aliyu Idi Hong, he commended the Vice Chancellor for promptly identifying the projects that needed intervention. “In view of this and starting immediately, we intend to be on ground to commence the project. We are hoping the other five universities can also quickly identify such projects with our team to fast-track the project initiation.”

“It is our belief at the ASR Africa Initiative that this support will go a long way in bridging the infrastructure deficit in education within Nigeria and other African Countries in our cohort. We are excited about the endless possibilities that lie ahead of Africa and because The Time for Nigeria and Africa is now, and business development is nothing without citizens’ development.”“On behalf of the ASR Africa Initiative, we look forward to commencing the work to build for the benefit of Africa’s children and her future”. Abdul Samad Rabiu added.

The Abdul Samad Rabiu Africa Initiativeseeks to support sustainable development initiatives in the Health, Education and Social Development within Nigeria and the rest of Africa, every year. For more information visit or email

No comments:

Post a Comment