BUA Group Invests $85M in Port Expansion for Growth
Abdul Samad Rabiu, Chairman of BUA Group, announced an $85 million port expansion project during a visit to Dr Abubakar Dantsoho, Managing Director of the Nigerian Ports Authority (NPA), at their Lagos headquarters. Rabiu expressed gratitude for the NPA's support and provided an update on the significant progress of the expansion, which is essential for BUA Foods' growth in Port Harcourt.
He stated that the expansion will enable the import of over two million tonnes of raw materials annually. The port expansion, valued at approximately $85 million, will add about 600 metres of seaside to the terminal.
Rabiu emphasized the need for improved port infrastructure in Nigeria to realize its economic potential and commended the NPA's management for their competence. He also reflected on the terminal's history, noting previous challenges with acquisition rights that have since been resolved.
Dr Dantsoho projected double-digit growth in cargo throughput for the NPA.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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