Business A.M
No Result
View All Result
Tuesday, February 24, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Companies

ASR Africa, BUA Foundation approves N1.5bn grant to facilitate projects in Ogun communities

by Admin
January 21, 2026
in Companies

By Business AM 

The Abdul Samad Rabiu Africa Initiative (ASR Africa), the brainchild of industrialist, philanthropist and founder of the BUA Group, Abdul Samad Rabiu and the BUA Foundation have awarded development grants worth N1.5 billion to Yewa Land in Ogun State comprising Ilaro, Igbogila, Ibeshe, Egua, and Igonade communities for key community, social, and infrastructural development projects.

This was announced at the grant presentation and mutual accountability framework signing ceremonies held yesterday, in Ilaro, Ibese, and Igbogila.

ASR Africa, BUA Foundation approves N1.5bn grant to facilitate projects in Ogun communities

The grants, according to a statement, would be channeled towards interventions in the areas of health, education, or social development initiatives that are identified for implementation.

The Abdul Samad Rabiu Africa Initiative (ASR Africa), the brainchild of industrialist, and founder of the BUA Group, Abdul Samad Rabiu, and the BUA Foundation have awarded development grants worth N1.5 billion to Yewa land in Ogun state.

The grants, according to a statement issued by ASR Africa, are for communities comprising Ilaro, Igbogila, Ibeshe, Egua, and Igonade, for key community, social and infrastructural development projects. The statement also disclosed that the grants will be channeled towards interventions in the areas of health, education, or social development initiatives that are identified for implementation.

The project was announced at the grant presentation and mutual accountability framework signing ceremonies held recently in Ilaro, Ibese, and Igbogila.

Presenting the grants award letter to Kehinde Olugbenle, the Olu of Ilaro and paramount ruler of Yewaland in Ogun state,Ubon Udoh, managing director, ASR Africa, assured of more partnership with the people of Yewaland. He also maintained that the vision of Abdul Samad Rabiu, founder of ASR Africa and Chairman of BUA is to provide concrete solutions for sustainable development in Nigeria, and Africa.

“What ASR Africa and BUA Foundation are doing here today is planting a seed of sustainable problem-solving across Africa in line with the vision of Abdul Samad Rabiu, our founder – and Chairman of BUA.

“The first grant of N1 billion goes to all communities in Yewaland for developmental purposes to uplift the quality of life of the Yewa people, while ASR Africa and BUA Foundation are also giving additional specific grants of N250 million each to Igbogila and Ibese Communities for already identified infrastructure projects to enhance community development through their traditional institutions,” Udoh said.

The managing director also stated that the ASR initiative has done its basic needs assessment in collaboration with the communities on their needs, and is looking forward to the commencement of the identified projects and a more robust partnership with Yewaland, as it has done in other parts of the country.

In his response, Kehinde Olugbenle,the paramount ruler of Yewaland, commended Abdul Samad Rabiu for his philanthropic gestures across the country and noted that indeed he is a true Nigerian.

The monarch added that with the grants, Yewaland and Yewa people will witness rapid social and infrastructural development.

“We are one of the largest sub-ethnic groups in Yorubaland and these grants will go a long way in bringing sustainable development in line with the United Nations SDGs, to our people,” he said.

Admin
Admin
Previous Post

4 Nigerian agripreneurs up for AfDB’s $140,000 grant

Next Post

Crypto.com slashes workforce by 20% over unstable industry events 

Next Post

Crypto.com slashes workforce by 20% over unstable industry events 

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

NNPC moves to sell stakes, secure $2bn pipeline financing amid oil sector pressures

Oil revenue overhaul puts NNPCL under financial pressure

February 24, 2026
Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

February 23, 2026
Moniepoint Inc. leverages payments data to formalise Nigeria’s night economy

Moniepoint Inc. leverages payments data to formalise Nigeria’s night economy

February 23, 2026
Global fashion market to see low growth in 2026, says McKinsey

Global fashion market to see low growth in 2026, says McKinsey

February 23, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

NNPC moves to sell stakes, secure $2bn pipeline financing amid oil sector pressures

Oil revenue overhaul puts NNPCL under financial pressure

February 24, 2026
Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

February 23, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M