Abdul Samad Rabiu, Founder and Executive Chairman of BUA Group, recently hosted United Bank for Africa (UBA) Chairman Tony Elumelu and senior executives at the conglomerate’s Lagos headquarters. The meeting reinforced a long-standing partnership focused on scaling Nigerian manufacturing and expanding financing frameworks for large-scale domestic projects.
Discussions centered on credit structures to support food production, infrastructure development, and export-oriented supply chains. Rabiu noted that the collaboration between BUA and UBA, which spans nearly three decades, has consistently prioritized strategic execution over transactional banking. Elumelu emphasized the role of institutional finance in funding enterprises that drive measurable economic expansion across Africa.
The engagement coincided with the release of BUA Foods’ audited financial results for the fiscal year ended December 31, 2025. The food manufacturing arm reported revenue of ₦1.77 trillion, a 16 percent increase from ₦1.53 trillion in 2024. Gross profit rose to ₦737.26 billion, while profit after tax increased 95 percent to ₦518.4 billion. Earnings per share reached ₦28.80, supported by consistent demand for sugar, flour, pasta, and rice.
The company’s board proposed a dividend of ₦28 per share, reflecting a 115 percent increase from the ₦13 distributed in 2024. Total proposed payouts amount to ₦504 billion, pending shareholder approval. Total assets expanded 27 percent to ₦1.39 trillion, indicating sustained capital investment across production and distribution networks. Managing Director Ayodele Abioye stated that operational focus remains on capacity expansion, market penetration, and full supply chain optimization.
Founded in 1988 and headquartered in Lagos, BUA Group operates across cement production, mining, real estate, and food processing. The continued alignment between banking capital and industrial operations illustrates a structural shift toward long-term private investment in Nigeria’s real economy. As manufacturing networks expand, coordinated financial frameworks are expected to remain central to sustaining domestic production, improving export capacity, and reinforcing regional economic stability.
