President Macron lauds Abdul Samad Rabiu as BUA, Axens make progress on BUA’s 200,000bpd Refinery in Akwa Ibom

…as Abdul Samad Rabiu named Chairman of the French Nigeria Investment Club


French Minister for Foreign Trade and Economic Attractiveness, Franck Riester, and Chairman, BUA Group, Abdul Samad Rabiu, when the French Minister paid a visit to BUA Group HQ in Lagos, today..

The French President, Emmanuel Macron, has commended the Chairman of BUA Group, Abdul Samad Rabiu, for his commitment to developing lasting relationships between French and Nigerian businesses.

A statement by Sony Ogieva, of BUA Corporate Communications, made available to SummitNews, says the commendation was made when the French Minister for Foreign Trade and Economic Attractiveness, Franck Riester, paid a visit to the BUA Group HQ in Lagos, Nigeria, on Wednesday, April 14,  where he handed over a personal invitation from President Macron to Abdul Samad Rabiu, to attend the Choose France Summit in June in Paris, as representative business leaders from Nigeria and Africa.

The French minister also witnessed the signing of a progress acknowledgement statement between BUA Group and Axens of France for BUA’s proposed 200,000barrels per day refinery in Akwa Ibom.

 During the visit, it was also announced that the Chairman of BUA Group had been appointed Chairman of the France Nigeria Investment Club.

Speaking during the ceremony, the Chairman of BUA Group, Abdul Samad Rabiu thanked the Minister and President Macron for their unwavering support in bringing BUA and French businesses together.

 He further added that so far, BUA had initiated partnerships and have developed personal relationships with a few French businesses, including Axens, whilst expressing confidence in the quality of expertise and technical know-how of the French companies BUA has partnered with.

In his comments, Jean Sentenac, President of Axens, said that he was pleased that the project is advancing on schedule.

He also praised the very good cooperation between all the involved parties and reiterated the commitment of Axens to delivering the BUA Refinery Project on time and with the highest standards.

Represented by Franck Riester, the French Minister for Foreign Trade and Attractiveness, Marcon invited Abdul Samad to the “Choose France Summit” and said the French Government is ever ready to support people–oriented and developmental projects in Nigeria.

“I am very pleased to see how committed Abdul Samad Rabiu, is for the refinery and in the space of philanthropy,” Macron said. 

He continued:  “I want to stress how keen you were in promoting the interest of Nigeria and its people during our meeting in Paris and how committed you were to make the economy stronger and more resilient.

“ I want to congratulate you for the vision and ambition you demonstrate in many sectors in your will to build projects shaping the future of Nigeria.  We think that we have to support long term investment of French companies in Nigeria and Nigeria companies in France and this project of refinery is a wonderful project for Nigeria.”

Earlier, Abdul Samad Rabiu, had stated that Nigeria imports most of its crude oil consumed daily, and noted that BUA Refinery when fully operational will reduce the huge cost of transporting crude oil offshore, refining it, and bringing it back into the country.

 Rabiu added that the decision to site the refinery in Akwa Ibom – Southern Nigeria was strategic due to huge availability of raw materials and its proximity to export petroleum products to regional countries.

Riester was accompanied by a high-powered delegation of Jerome Pasquier, Ambassador of France in Nigeria; Mrs. Laurence Monmayrant, Consul General of France in Lagos; Quentin Teisseire, Chief of Staff, Alexis du Boisberranger, Technical advisor for export and strategic partnership; Ms Benedicte Constans, Advisor to the Minister, in Charge of Communication; Pascal Furth, Regional Economic Counselor, French Embassy amongst others.


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