By: Lanre Shodimu
Nigeria ‘s second wealthiest man and BUA Foods PLC Founder/Chairman, Abdul Alhaji Samad Rabiu has called for increased investment in agriculture by both government and private sector players as a major solution to tackling hunger and food insecurity in Nigeria.
He made this known 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.
Alh Rabiu reiterated that 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.
He reiterated the company’s planned expansion, which he stated 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 further 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.
