BUA Foods have announced plans to expand its wheat milling capacity from 1 million metric tons to over 2 million metric tons making it the largest in the industry.

Chairman of the Board of Directors of BUA Group, Abdul Samad Rabiu made the disclosure in Abuja during the 5th Annual General Meeting of BUA Foods.

The strategic investments come on the back of another record year of performance, during which BUA Foods delivered revenue of N1.77 trillion, representing a 16% increase over the previous year, while Profit After Tax rose by 95% to N518.4 billion, reflecting the Company’s disciplined execution, operational efficiency and resilient business model despite a dynamic operating environment.

Shareholders at the meeting approved all resolutions presented by the Board, including the Audited Financial Statements for the financial year ended December 31, 2025, the payment of a final dividend of N28.00 per ordinary share, amounting to N504 billion, the re-election of retiring Directors, the appointment of members of the Audit Committee and other statutory resolutions.

As part of its long-term growth strategy, BUA Foods is making significant investments designed to strengthen Nigeria’s food manufacturing ecosystem and improve the availability of essential food products.

The Company’s ongoing expansion includes a substantial increase in wheat milling capacity to meet rising domestic demand, the planned launch of a noodles business to broaden its presence in the country’s staple foods market, the completion of its edible oils business and continued investments in manufacturing efficiency across its operations.

Speaking at the Annual General Meeting, Rabiu described the expansion programme as a strategic investment in Nigeria’s industrial future, emphasising that the company’s growth ambitions are driven by a commitment to national development rather than scale alone.

“Our ambition has never been to become bigger simply for the sake of size. We are building scale because Nigeria needs strong indigenous companies capable of competing at the highest level, investing for the long term and creating lasting value.

“As our expansion projects come on stream, BUA Foods will become the largest player in our sector, but size alone will never define us. Efficiency, transparency and disciplined management are the principles that built this Company when we were the smallest major player, and they are the same principles that will guide us as we become the largest.

“By strengthening local manufacturing, expanding capacity and introducing new product categories, we are investing not only in our business but in Nigeria’s industrial future.”

He added that stronger indigenous manufacturers create healthier competition, encourage investment, improve efficiency and ultimately deliver better outcomes for consumers, investors and the broader Nigerian economy.

He said “As part of efforts to boost food sufficiency, we are doubling our wheat milling capacity from over a million to over two million, wheat per annum. And that is huge.

“We are also tripling the capacity of our edible oil business. In fact, we are setting up a brand new oil mill in Portharcourt. We are going into new sectors such as instant noodles because we see it as a very important sector because of its affordability and its accessibility.

Also addressing the media, Non-Executive Director of BUA Foods, Kabiru Rabiu said the Company is taking opportunities with a 20,000 hectare sugarcane plantation and also building about 220 km roads within the plantation in Lafiagi. We are building massive irrigation infrastructure and things like that.

On the N28 dividend declared, he noted that “Our growth has been almost entirely organic and we feel that if the company makes money, the shareholders also, you know, should benefit from that, you know, that growth and that profitability. Like I said, the business has grown organically with the support of the Group.

“So, two things have happened. With the support of the federal government and the thought of the chairman of the group, we believe we need to extend some price stability, meaning that we need to see the price of food continue to come down, you know, for the Nigerian consumers. And that is the direct, you know, mandate and, you know, desire of the chairman of the business.

“We keep on doing that. But whilst we’re doing that, also, we’ve expanded our capacity utilization, meaning that even though prices have come down, we’ve tried to produce more than what we do so that more people can be able to afford this,” he explained,

Also, the Managing Director of BUA Foods, Ayodele Musibau Abioye, added: “Our focus remains on driving sustainable revenue growth through capacity expansion, market penetration, and improved end-to-end supply chain. The strong demand across our product categories reinforces our strategic direction, and we are well-positioned to build on this momentum.”