BUA Group Invests $85M in Port Harcourt Expansion

BUA Group is investing approximately $85 million in the expansion of its BUA Ports and Terminals facility located in Port Harcourt. This investment aims to enable the facility to handle more than two million tonnes of imported raw materials annually, supporting the growth of BUA Foods.

Abdul Samad Rabiu, Chairman of BUA Group, made this announcement during a visit to Dr Abubakar Dantsoho, the Managing Director of the Nigerian Ports Authority (NPA), in Lagos. Rabiu expressed gratitude for the support received from the NPA and provided an update on the project's progress, noting that the expansion is critical for BUA Foods' operations.

He stated that the port expansion is valued at about $85 million, which will provide approximately 600 meters of seaside. Rabiu emphasized the importance of improved port infrastructure for Nigeria's economic potential and commended the NPA management for their competence.

He also acknowledged President Bola Tinubu for the current leadership's support.