The chairman of BUA Group, Abdulsamad Rabiu has declined his appointment as a member of the All Progressives Congress (APC)’s finance standing committee, saying he’s not a politician.
The APC released a list of its standing committees on Friday, with Rabiu included on the finance committee alongside prominent figures such as the chairman of the Federal Inland Revenue Service (FIRS), the minister of finance, and the Senate President.
However, Rabiu, in a statement issued by the BUA Group on its X handle declining the appointment, noted that he was not consulted before his nomination.
The group’s gratitude was extended to the APC for considering Mr. Rabiu for the esteemed position, acknowledging the recognition of his and BUA Group’s commitment to national economic prosperity and development.
The statement emphasised the longstanding apolitical stance Abdul Samad Rabiu and BUA Group upheld over the years. It underlined the integral nature of this stance to their business operations.
It highlighted Mr Rabiu’s dedication to fostering economic growth through BUA Group initiatives and philanthropic endeavours via ASR Africa.
“Our Chairman, Abdul Samad Rabiu, is a firm believer in leveraging business acumen and philanthropic activities to drive development and positive societal change independent of political participation.
“His primary contributions to Nigeria’s advancement will continue to be through strategic investments in the economy and philanthropy rather than through political affiliations or roles.
“He, however, remains committed to supporting governmental policies that foster the desired development as partners in progress.
“We trust this statement provides clarity on the matter and reaffirms our chairman’s dedication to Nigeria’s progress in the roles he is most suited for—those of an entrepreneur, businessman, and philanthropist,” the statement emphasised.
In another development, the Senate Committee on Appropriation released the sectoral breakdown of the N27.5 trillion 2024 budget on Friday, revealing significant investments in infrastructure, defense, and social welfare.
Out of the N8.7 trillion allocated for capital expenditure, the Ministry of Works receives the largest share with N521.3 billion, followed closely by the Ministry of Finance with N519.9 billion and the Ministry of Defence with N308.2 billion.
Healthcare and education also receive substantial funding, with the Ministry of Health and Social Welfare receiving N304.4 billion and the Ministry of Education receiving N265.4 billion.
Other notable allocations include: Ministry of Power: N264.2 billion; Government-owned Enterprises: N820.9 billion; TETFund: N665 billion
; Housing and Urban Development: N96.9 billion; Water Resources: N87.7 billion; Police Affairs: N69 billion.
Statutory transfers also saw significant allocations, with National Assembly: N198 billion; Niger Delta Development Commission: N324.8 billion; Universal Basic Education: N251.4 billion; National Judicial Council: N165 billion; North East Development Commission: N126 billion; Basic Health Care Provision Fund: N125.7 billion
The budget also allocates funding for various other initiatives, including Zonal Intervention Projects (Constituency Projects): N100 billion; Special Projects: N108 billion; Contingency (Capital): N200 billion; Aid and Grants Funded Projects: N685.6 billion; National Social Investment Programme Agency: N100 billion.