Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, UBA, Tony Elumelu, have reaffirmed their long-standing partnership aimed at strengthening capital mobilisation and industrial expansion in Nigeria.
This followed a strategic meeting held at BUA Group’s corporate headquarters in Lagos, where both institutions explored opportunities to expand financing frameworks for large-scale manufacturing, boost domestic production, and accelerate growth across key sectors including food, infrastructure, and export-oriented value chains.
Rabiu, reflecting on a relationship spanning nearly three decades, emphasised the importance of shared vision in sustaining partnerships.
“Enduring partnerships are not built on transactions, but on conviction. What we have built with UBA and the Nigerian financial industry is a shared understanding of where Nigeria is going and what it will take to get there,” he said.
Elumelu, on his part, underscored the role of financial institutions in enabling industrial growth across Africa.
“Institutions like BUA Group demonstrate what is possible when long-term capital meets disciplined execution. Our role is to continue enabling that scale and supporting enterprises reshaping the Nigerian economy,” he said.
Meanwhile, BUA Foods, a subsidiary of BUA Group, reported a strong financial performance for the year ended December 31, 2025, posting revenue of ₦1.77 trillion, representing a 16 per cent increase from ₦1.53 trillion in 2024.
The company’s profit after tax surged by 95 per cent to ₦518.4 billion, while earnings per share rose to ₦28.80, reflecting robust demand across its core product segments including sugar, flour, pasta, and rice.
In line with its commitment to shareholder value, the Board proposed a dividend of ₦28 per share, marking a 115 per cent increase from ₦13 declared in 2024, with a total payout of ₦504 billion, subject to shareholder approval.
Total assets grew by 27 per cent to ₦1.39 trillion, underscoring sustained investment in production capacity and supply chain optimisation.
Commenting on the results, Rabiu noted that the performance reflects disciplined growth and long-term strategic positioning.
“Our 2025 performance shows a business that is not only growing but scaling with discipline. We are deepening local production and delivering consistent value to shareholders,” he said.
The Managing Director, Ayodele Abioye, added that the company remains focused on expanding capacity and strengthening its market position.
“Our strategy is to optimise the supply chain and sustain growth momentum, supported by strong demand signals,” he said.
