Abdul-Samad Rabiu has reaffirmed BUA Group’s long-standing partnership with United Bank for Africa (UBA) to drive industrial expansion and economic growth.
In a statement on Tuesday, Rabiu spoke while hosting UBA Chairman, Tony Elumelu, and his executive team at BUA headquarters in Lagos.
He said the nearly three-decade partnership had evolved from Standard Trust Bank into a trusted collaboration focused on long-term value creation.
“Enduring partnerships are not built on transactions, but on conviction,” Rabiu said.
He added the relationship reflected a shared understanding of Nigeria’s development and the role of capital in achieving sustainable growth.
Elumelu described BUA Group as a model of disciplined execution and industrial scale, pledging continued support for transformative enterprises.
“Our role is to enable scale by providing long-term capital to businesses reshaping the Nigerian economy,” he said.
Discussions focused on expanding financing frameworks for large-scale manufacturing, boosting domestic production and supporting export-oriented value chains.
Meanwhile, BUA Foods reported N1.77 trillion revenue for 2025, representing a 16 per cent increase from N1.53 trillion recorded in 2024.
The company posted gross profit of N737.26 billion, up from N540.82 billion, while profit after tax rose 95 per cent to N518.4 billion.
Earnings per share increased to N28.80, reflecting improved profitability.
The board proposed a dividend of N28 per share, up 115 per cent from N13 in 2024, totalling N504 billion, subject to approval.
Further analysis showed cost of sales at N1.037 trillion, while total assets rose 27 per cent to N1.39 trillion.
Rabiu attributed the performance to sustained demand for sugar, flour, pasta and rice, alongside effective execution of expansion strategies.
“Our performance reflects disciplined growth, increased capacity and strong commitment to delivering value to shareholders,” he said.
Managing Director, Ayodele Abioye, said the company would expand capacity, strengthen market presence and optimise its supply chain.
He expressed confidence that strong demand would support sustained growth in the coming years.
The development underscores the growing role of indigenous firms in driving Nigeria’s economic expansion through partnerships, investment and industrial capacity growth.
