BUA’s Expansion To Boost Jobs, Lower Food Prices, Says Rabiu

Chairman of BUA Group, Abdul Samad Rabiu, has said the company’s ongoing expansion projects across Nigeria’s food value chain will create more jobs and help reduce food prices through increased production capacity.

Rabiu stated this on Wednesday after meeting with President Bola Ahmed Tinubu at the Presidential Villa, Abuja, where he also reaffirmed the conglomerate’s commitment to sustained investment and support for Nigeria’s economic growth.

According to him, BUA is executing major expansion projects in flour milling, sugar refining, domestic sugar production under its backward integration programme, as well as new oil milling, feed milling and noodles manufacturing facilities.

He said the projects, expected to be completed next year, would significantly increase the company’s production capacity and position BUA Foods as the largest food business in Nigeria.

“Once we complete all these expansion projects next year, BUA Foods is going to be the largest foods business in Nigeria and, with that, hopefully, we’ll be able to bring down the price because, at the end of the day, if you are the biggest and you have this huge capacity, you’ll be able to help support prices to come down,” Rabiu said.

He maintained that expanding local production remains one of the most effective ways to moderate food prices while advancing the Federal Government’s food security agenda.

Rabiu noted that his meeting with President Tinubu was a courtesy visit to express appreciation for the administration’s support for the business environment and to reiterate BUA Group’s commitment to investing in the country.

“It was simply a courtesy call and an opportunity to pay my respects to His Excellency, Mr. President, and also express appreciation for his support of the business environment in Nigeria,” he said.

The BUA chairman added that the discussions with the President were cordial and provided an opportunity to restate the company’s resolve to deepen investments across its various business sectors.

“We had a warm and cordial conversation, and I used the opportunity to reaffirm BUA’s commitment to investing in Nigeria, creating jobs and supporting the economy across the various sectors of BUA,” he said.

Rabiu pledged that BUA Group would continue to contribute to national development through sustained investments and employment generation.

“I remain grateful for the leadership shown by His Excellency, and we will continue to play our part in advancing the economic growth of Nigeria,” he added.