ABUJA — Chairman of BUA Foods Plc, Alhaji Abdul Samad Rabiu, has called for sustained and large-scale investments in Nigeria’s agricultural sector by both the government and private investors, describing such efforts as essential to addressing food insecurity and strengthening the nation’s economy.
Rabiu made the call during the company’s 5th Annual General Meeting (AGM) held in Abuja, where shareholders approved the company’s 2025 financial statements, which showed a significant increase in profitability.
According to the financial results, BUA Foods recorded a Profit After Tax (PAT) of N518.4 billion for the year ended December 31, 2025, representing a sharp increase from the N265.9 billion posted in the previous financial year.
Speaking at the meeting, Rabiu said the company remained proud of its impressive financial performance but stressed that its role extended beyond delivering returns to shareholders.
He noted that as a major player in Nigeria’s food industry, BUA Foods has a responsibility to contribute meaningfully to national development by strengthening local food production and supporting the country’s long-term economic growth.
“We have a responsibility not only to create value for our shareholders but also to help build a stronger and more competitive food industry that will contribute to Nigeria’s long-term development,” he said.
Rabiu disclosed that the company’s ongoing expansion projects were designed to position BUA Foods as Nigeria’s largest food processing company upon completion.
He explained that the expansion strategy was not driven merely by the desire to become bigger but by the need to achieve the scale required to compete effectively, improve efficiency, and meet the growing demand for food products across the country.
“By next year, when our ongoing projects are completed, BUA Foods will become the largest player in our sector in Nigeria. Our ambition is not simply about size; it is about building the scale necessary to drive efficiency, competitiveness, and sustainable growth,” he stated.
The BUA Chairman also expressed confidence in the company’s future, attributing its strong financial performance to operational discipline, efficiency, and the commitment of its workforce.
“Our performance reflects the dedication and hard work of our employees across the organisation. We have delivered strong results and remain optimistic about the future of the business,” he added.
Rabiu further observed that Nigeria’s food manufacturing industry is largely dominated by four companies, with BUA Foods standing as the only indigenous company among them.
He said the company’s board and management were committed to strengthening its market position and emerging as the industry’s leading player through sustained investments and expansion.
Speaking with journalists after the AGM, Non-Executive Director of BUA Foods, Alhaji Kabiru Rabiu, also emphasized the importance of increased investment in agriculture as a practical solution to Nigeria’s food security challenges.
He urged both the government and private sector operators to commit substantial capital to agricultural production, processing, and value-chain development, noting that such investments would boost local food production, reduce supply shortages, and make food more affordable for Nigerians.
Kabiru Rabiu maintained that achieving lasting food security would require strong collaboration between public institutions and private investors, adding that sustained investment remains the most effective path toward ending hunger and ensuring a stable food system across the country.
BUA Chairman Urges Massive Investment in Agriculture to End Hunger, Company Posts N518.4bn Profit
