…As BUA Foods Records ₦518.4bn Profit After Tax
By Emma Ujah, Abuja Bureau Chief
The Chairman of BUA Foods Plc, Alhaji Abdul Samad Rabiu, has identified increased investment in agriculture by both government and private sector players as a major solution to tackling hunger and food insecurity in Nigeria.
Rabiu spoke at the company’s 5th Annual General Meeting held in Abuja on Wednesday, where BUA Foods announced a Profit After Tax (PAT) of ₦518.4 billion for the financial year ended December 2025, compared with ₦265.9 billion recorded in the previous year.
The BUA Foods chairman said while the company was pleased with its financial performance, it remained conscious of its role in a critical sector that contributes significantly to national development.
He said the company’s responsibility goes beyond creating value for shareholders to building a stronger and more competitive food industry that supports Nigeria’s long-term economic growth.
“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 said.
Rabiu said the company’s planned expansion was aimed at strengthening Nigeria’s food production capacity and positioning BUA Foods as the leading player in the sector.
“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,” he said.
He expressed confidence in the company’s future, attributing its performance to discipline, efficiency and the commitment of its workforce.
“I am pleased to report that the business is doing very well. Our performance this year reflects the discipline, efficiency and hard work of our people across the organisation. We have delivered strong results, and we remain confident about the future,” he added.
Rabiu noted that four companies currently control about 90 per cent of Nigeria’s food industry, adding that BUA Foods remained the only indigenous company among them.
He said the board and management were determined to strengthen the company’s position and become a dominant force in the sector.
Speaking in a post-AGM interview, Non-Executive Director of BUA Foods, Alhaji Kabiru Rabiu, stressed the need for massive investments in agriculture by both government and private sector operators to address food insecurity.
He called for the provision of farm inputs, including fertilisers and herbicides, to farmers at subsidised rates to improve agricultural productivity.
Kabiru said BUA Foods had taken steps in that direction but urged other stakeholders to increase their involvement through partnerships with governments at all levels.
He identified insecurity as one of the major challenges affecting agricultural production but commended government efforts in addressing the problem.
According to him, Nigeria must also increase investment in irrigation farming and reduce overdependence on rain-fed agriculture to ensure food production throughout the year.
He said countries that had achieved food security relied heavily on irrigation systems to sustain agricultural output.
Meanwhile, BUA Foods reported a total revenue of ₦1.77 trillion for the period under review, compared with ₦1.53 trillion recorded in 2024.
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