…Targets Nigeria’s biggest food company by 2027
…As fresh investments deepen food security drive

Chairman of BUA Group, Abdul Samad Rabiu, on Wednesday said the conglomerate is ramping up investments across Nigeria’s food value chain to boost local production, ease food inflation and strengthen the country’s food security.

Rabiu disclosed this after a meeting with President Bola Tinubu at the State House, Abuja, where he also reaffirmed BUA Group’s commitment to expanding investments, creating jobs and supporting the administration’s economic reform agenda.

The billionaire industrialist said the company’s ongoing expansion projects, expected to be completed next year, would transform BUA Foods into Nigeria’s largest food business, significantly increasing production capacity and helping to moderate food prices.

He said the expansion spans key segments of the food industry, including flour milling, sugar refining, domestic sugar production under the company’s backward integration programme, as well as new investments in edible oil processing, animal feed and noodles manufacturing.

“We are expanding across the food value chain. Once these projects are completed next year, BUA Foods will become the largest food business in Nigeria. With that scale and capacity, we believe we will be able to support lower food prices because increased production remains the most sustainable way to reduce costs,” Rabiu said.

According to him, the company is constructing an oil milling facility in Port Harcourt alongside a feed mill and a noodles manufacturing plant to further strengthen domestic food production.

Rabiu described his visit to the President as a courtesy call to appreciate Tinubu’s support for Nigeria’s business environment and to reassure him of BUA Group’s resolve to continue investing in the country despite prevailing economic challenges.

“It was essentially a courtesy visit to pay my respects to His Excellency, the President, and to express appreciation for his support for the business environment in Nigeria.
“We had a warm and cordial discussion, and I used the opportunity to reaffirm BUA’s commitment to investing in Nigeria, creating jobs and supporting the economy across the various sectors in which we operate,” he said.

He pledged that the conglomerate would continue to drive economic growth through sustained investments, expanded industrial capacity and employment generation.

“I remain grateful for the leadership demonstrated by His Excellency, and we will continue to play our part in advancing Nigeria’s economic growth,” Rabiu added.

The BUA chairman also thanked President Tinubu for granting him an audience and for the warm reception accorded him at the Presidential Villa.