The Chairman of BUA Foods Plc, Abdul Samad Rabiu, has identified heavy investments in agriculture by both the government and private sector operators as a key factor necessary to tackle hunger in the country. He made this assertion during the fifth Annual General Meeting of the company in Abuja on Thursday, where the food conglomerate declared a Profit After Tax of N518.4bn for the financial year ended December 2025. This represents a significant growth compared to the N265.9bn recorded in the preceding year.
While expressing satisfaction with the financial strides of the company, Rabiu stated that the management recognizes its critical role in playing in an important sector considered as vital for the development of the country. He explained that the firm is committed to driving sustainable growth and development within the industry rather than just focusing on corporate gains.
Explaining the broader vision of the company, Rabiu said, "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."
This driving philosophy, according to him, forms the foundation of the massive expansion plans designed to place BUA Foods at the forefront of the agricultural and food production market.
Rabiu disclosed that the ongoing expansion projects would significantly scale up the operations of the company, giving it a distinct competitive advantage in the country. He said, "By next year when our current projects are completed, BUA will become the largest player in our sector in Nigeria. We are not pursuing growth merely for the sake of becoming bigger. We are pursuing growth because scale matters in an industry like ours."
The BUA chairman commended the resilience and dedication of the workforce, attributing the remarkable financial performance to their collective efforts. He said, "I am pleased to report that the business is doing very well. Our performance year reflects the discipline, efficiency, and hard work of our people across the organization. We have delivered strong results, and we remain confident about the future."
He further observed that only four major corporate entities currently control 90 per cent of the food industry in Nigeria, with BUA standing out as the only indigenous firm among them. He explained that both the board and the management are fully conscious of this unique position and are actively working to take a clear lead in the competition.
Speaking after the meeting, a Non-Executive Director of BUA Foods, Kabiru Rabiu, aligned with the chairman's position on resolving the national food crisis. He reiterated that massive government and private capital investments in the agricultural sector remain crucial in order to end food insecurity in the country.
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