BUA Group Invests $85M in Port Harcourt Ports Expansion
BUA Group has committed to investing $85 million in the expansion of its BUA Ports and Terminals facility located in Port Harcourt. This investment aims to enable the company to manage over two million tonnes of imported raw materials annually for its food business.
Chairman AbdulSamad Rabiu made this announcement during a visit to Dr Abubakar Dantsoho, the Managing Director of the Nigerian Ports Authority (NPA), in Lagos. Rabiu noted that the port expansion is valued at approximately $80 million, which will extend the seaside by about 600 meters.
He emphasized the importance of efficient port infrastructure for the growth of BUA Foods and thanked the NPA for its support. Rabiu also highlighted Nigeria's need for improved port infrastructure to realize its economic potential, stating that the country lags behind other major economies in this regard.
He acknowledged the NPA's management for their competence and expressed gratitude to President Bola Tinubu for the current leadership's appointment.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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