BUA commits $85m in P’Harcourt ports expansion project

BUA Group is set to significantly enhance its logistics capabilities with an $85 million investment in expanding its BUA Ports and Terminals facility in Port Harcourt. This expansion is crucial for supporting the rapid growth of BUA Foods, which anticipates importing over two million tonnes of raw materials annually for its operations.

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The port expansion is about $80m in total, and that is going to give us about 600 metres of seaside. We have gone very far, and we thought it’s important for us to brief the management and also ask for additional support, and I am happy that the MD and his team have promised that they will continue to give us all the necessary support.

AbdulSamad Rabiu, Chairman of BUA Group, disclosed the investment plans during a visit to the Nigerian Ports Authority (NPA) Managing Director, Dr. Abubakar Dantsoho. Rabiu stated that the port expansion alone is valued at approximately $85 million and will provide 600 meters of seaside, with significant progress already made.

Rabiu emphasized that efficient port infrastructure is essential for BUA Foods' expanding operations. "As you know, BUA Foods is operating in Port Harcourt, and BUA Foods is expanding, and by the time we are done with the expansion, next year, we will be having almost over two million tonnes of products being imported as raw materials to Port Harcourt, and for that we need a terminal, we need a facility," he explained.

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As you know, BUA Foods is operating in Port Harcourt, and BUA Foods is expanding, and by the time we are done with the expansion, next year, we will be having almost over two million tonnes of products being imported as raw materials to Port Harcourt, and for that we need a terminal, we need a facility.

The BUA chairman also commented on Nigeria's broader economic landscape, stressing that the country's economic potential can only be fully realized with improved port infrastructure. He noted that Nigeria, despite being Africa's largest economy, still lags behind major economies in port infrastructure development. Rabiu commended the NPA management for their support and competence.

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Nigeria, being the biggest economy, Lagos being the biggest economy, yet we don’t have the infrastructure as far as ports infrastructure is concerned.