BUA Foods Expands to Support Nigeria's Economic Growth

Alhaji Abdul Samad Rabiu, Chairman of BUA Foods Plc, announced the company's aggressive expansion drive aimed at supporting Nigeria's long-term economic growth during the 2025 Annual General Meeting (AGM) held in Abuja. Shareholders approved a final dividend of N504 billion and commended the company's financial performance despite local and global challenges.

Rabiu emphasized that the next phase of growth is designed to strengthen competitiveness, deepen local manufacturing, create jobs, and contribute to national development. He noted that BUA Foods aims to emerge as the largest player in Nigeria's food sector, with a focus on building a strong indigenous industrial base capable of competing globally.

The company controls almost 90 percent of the market and remains committed to efficient operations and prudent capital allocation. Rabiu stated that the expansion is not merely for size but to enhance competitiveness and deliver wider benefits to consumers and investors, ultimately contributing to Nigeria's industrial development and economic growth.