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How Nigeria can overcome hunger, BUA Chairman
🇳🇬 Nigeria /Economy & Trade

How Nigeria can overcome hunger, BUA Chairman

From Vanguard · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • BUA Foods Plc Chairman Abdul Samad Rabiu identified heavy investment in agriculture as crucial to tackling hunger in Nigeria.
  • The company reported a Profit After Tax of N518.4 billion for the year ended December 2025, a significant increase from the previous year.
  • Rabiu emphasized BUA's responsibility to shareholders and the nation, highlighting planned expansions to solidify its position as a leader in Nigeria's food industry.

Alhaji Abdul Samad Rabiu, Chairman of BUA Foods Plc, stressed the necessity of substantial government and private sector investment in agriculture to combat hunger in Nigeria. Speaking at the company's 5th Annual General Meeting in Abuja, Rabiu announced a Profit After Tax of N518.4 billion for the fiscal year ending December 2025, a notable rise from N265.9 billion in the preceding year.

We have a responsibility not only to create value for our shareholders but also to help build a stronger, more competitive industry that contributes to Nigeria’s long-term growth.

— Alh. Abdul Samad RabiuChairman of BUA Foods Plc, speaking at the company's 5th Annual General Meeting about the company's role in national development.

While proud of the financial results, Rabiu acknowledged the vital role of the food sector in national development. "We have a responsibility not only to create value for our shareholders but also to help build a stronger, more competitive industry that contributes to Nigeria’s long-term growth," he stated. This commitment drives BUA's planned massive expansion, aiming to establish it as the undisputed leader in the Nigerian food market.

By next year when our current projects are completed, BUA will become the largest player in our sector in Nigeria.

— Alh. Abdul Samad RabiuBUA Foods Plc Chairman discussing the company's expansion plans.

"By next year when our current projects are completed, BUA will become the largest player in our sector in Nigeria," Rabiu projected. He clarified that the pursuit of growth is not merely for size but because "scale matters in an industry like ours." He attributed the strong performance to "the discipline, efficiency, and hard work of our people across the organization," expressing confidence in the future.

scale matters in an industry like ours.

— Alh. Abdul Samad RabiuBUA Foods Plc Chairman explaining the rationale behind the company's growth strategy.

Rabiu also pointed out that four companies dominate 90 percent of Nigeria's food industry, with BUA being the sole indigenous company among them. The board and management are focused on leveraging this position to take a clear lead. In a post-AGM interview, Non-Executive Director Alh. Kabiru Rabiu echoed the call for significant capital investment in agriculture to eradicate food insecurity.

Our performance year reflects the discipline, efficiency, and hard work of our people across the organization.

— Alh. Abdul Samad RabiuBUA Foods Plc Chairman attributing the company's success to its employees.
DistantNews Editorial

Originally published by Vanguard in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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