BUA Group Chairman Abdul Rabiu ha revealed the conglomerate was expanding its investments across Nigeria’s food value chain to boost local production, reduce food prices and strengthen the country’s food security.
Rabiu spoke to journalists after meeting President Bola Tinubu at the State House in Abuja, describing the visit as a courtesy call to thank the president for his administration’s support for the business environment and to reaffirm the company’s commitment to investing in Nigeria.
He said BUA Group was expanding operations in flour milling, sugar refining and domestic sugar production under its backward integration programme.
Rabiu also announced plans to establish an oil milling facility in Port Harcourt, alongside a feed mill and a noodles manufacturing plant as part of the company’s expansion strategy.
He said the projects, expected to be completed next year, would make BUA Foods Nigeria’s largest food business by production capacity.
Rabiu said the increased output would help lower food prices through greater local production while supporting the federal government’s food security agenda.
He thanked Tinubu for granting him an audience and reaffirmed BUA Group’s commitment to sustaining investments that would contribute to Nigeria’s economic growth and food security.