BUA Foods Plc has unveiled an ambitious expansion programme that will increase its manufacturing capacity, diversify its product portfolio and strengthen domestic food production. This is even as the company positions itself for its next phase of growth amid Nigeria’s quest for improved food security.

The expansion drive, announced at the company’s fifth yearly general meeting in Abuja yesterday, includes plans to substantially increase wheat milling capacity, launch a noodles business, complete its edible oils project and continue investments across its integrated manufacturing operations.

The announcement comes against the backdrop of another strong financial performance by the food manufacturer. BUA Foods reported revenue of N1.77 trillion for the 2025 financial year, representing a 16 per cent increase over the previous year, while profit after tax surged by 95 per cent to N518.4 billion, reflecting stronger operational efficiency despite prevailing macroeconomic challenges.

Although shareholders approved a final dividend of N28 per ordinary share, amounting to N504 billion, alongside other statutory resolutions at the AGM, the company used the meeting to outline a longer-term strategy centred on expanding domestic manufacturing capacity and reinforcing Nigeria’s industrial base.

The company said the investments are designed to boost local production of staple foods, improve supply chain resilience, reduce reliance on imports and support Nigeria’s long-term food security objectives while creating sustainable value for shareholders.

Chairman of BUA Foods, Abdul Samad Rabiu, said the expansion programme goes beyond growing the company’s market share, describing it as a strategic investment in Nigeria’s industrial future. According to him, the objective is to build indigenous manufacturing capacity capable of meeting growing domestic demand while competing at the highest level.

Rabiu added that while the ongoing projects would position BUA Foods as the largest player in its segment, operational efficiency, transparency and disciplined management would remain the company’s defining principles.

He noted that strengthening local manufacturing and introducing new product categories would not only support business growth but also contribute to Nigeria’s broader industrial development.

The company’s planned entry into the noodles market marks a significant expansion of its portfolio beyond its existing businesses in sugar, flour, pasta, rice and edible oils, positioning it to capture rising demand for staple food products in Africa’s most populous country.

The expansion of wheat milling operations is also expected to enhance flour production capacity at a time when population growth and urbanisation continue to drive demand for processed food products.