BUA Group has reaffirmed its commitment to expanding investments, creating jobs and supporting Nigeria’s economic growth following a meeting between its Chairman, Abdul Samad Rabiu, and President Bola Ahmed Tinubu at the State House, Abuja.
Speaking with State House correspondents after the meeting on Wednesday, Rabiu said the visit was an opportunity to appreciate President Tinubu for his administration’s support in fostering a conducive business environment and to reaffirm the company’s commitment to deepening its investments across 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 for the business environment in Nigeria,” Rabiu said.
He added that the discussions were cordial and provided an opportunity to reiterate BUA Group’s resolve to strengthen the nation’s economy through sustained investments across its various business operations.
“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 disclosed that the company is executing major expansion projects across the food value chain, including flour milling, sugar refining, domestic sugar production under its backward integration programme, as well as new edible oil processing, feed milling and noodles manufacturing facilities.
According to him, the projects, expected to be completed next year, will significantly increase production capacity and position BUA Foods as Nigeria’s largest food company.
“Once we complete all these expansion projects next year, BUA Foods is going to be the largest food business in Nigeria and, with that, hopefully, we will be able to bring down prices because, at the end of the day, if you are the biggest and have this huge capacity, you will be able to help stabilise prices,” he said.
Rabiu noted that expanding domestic production remains one of the most effective ways to moderate food prices while supporting the Federal Government’s food security agenda.
He reaffirmed BUA Group’s commitment to contributing to national development through sustained investment, increased production capacity and job creation.
“I remain grateful for the leadership shown by His Excellency, and we will continue to play our part in advancing Nigeria’s economic growth,” he added.
