BUA Foods Plc has approved a massive N504 billion dividend for shareholders while unveiling an ambitious expansion plan designed to strengthen food security and accelerate growth across Nigeria’s food manufacturing sector. The announcement was made during the company’s fifth Annual General Meeting (AGM) held in Abuja, where management outlined a roadmap focused on increasing production capacity, diversifying products, and deepening local manufacturing.
The food manufacturing giant revealed that the expansion programme will include a significant increase in wheat milling capacity, the launch of a new noodles business, the completion of its edible oils project, and continued investments across its integrated operations. The company said these projects are aimed at boosting domestic food production, improving supply chain resilience, and reducing dependence on imports at a time when Nigeria is prioritizing food security.
BUA Foods’ expansion plans come on the heels of an impressive financial performance for the 2025 financial year. The company recorded revenue of N1.77 trillion, representing a 16 percent increase compared to the previous year, while profit after tax jumped by an impressive 95 percent to N518.4 billion. The strong results highlight the company’s ability to maintain growth and improve operational efficiency despite ongoing economic challenges.
Speaking at the AGM, Chairman of BUA Foods and Founder of BUA Group, Abdul Samad Rabiu, described the expansion drive as more than just a business strategy. According to him, the initiative is a long-term investment in Nigeria’s industrial future, aimed at building indigenous manufacturing capacity capable of meeting rising consumer demand while competing at the highest level. He emphasized that operational efficiency, transparency, and disciplined management would remain at the heart of the company’s growth journey.
The company’s planned entry into the noodles market is expected to significantly broaden its portfolio beyond its existing businesses in sugar, flour, pasta, rice, and edible oils. Industry observers believe the move positions BUA Foods to benefit from the growing demand for affordable staple foods driven by population growth and urbanization. With its latest investments and expansion strategy, the company is positioning itself as a key player in supporting Nigeria’s food security goals while delivering long-term value to shareholders.
source: The guardian
