Alhaji Abdul Samad Rabiu, Chairman of BUA Foods Plc, has urged the government and private sector to prioritize agricultural investment as a strategy to combat food insecurity in Nigeria. Speaking at the firm’s 5th Annual General Meeting in Abuja, Rabiu noted that BUA Foods achieved a Profit After Tax of ₦518.4 billion for the 2025 financial year, nearly doubling the ₦265.9 billion reported in 2024.
Rabiu emphasized that the company aims to become the largest entity in the Nigerian food sector upon the completion of ongoing expansion projects. He stated that this growth is essential for building a competitive industry that bolsters national development. According to the chairman, BUA Foods stands as the only indigenous firm among the four companies that currently control 90 percent of the nation’s food market.
Non-Executive Director Alhaji Kabiru Rabiu highlighted critical requirements for improving national food security, including providing subsidized inputs like fertilizer and herbicides to farmers. He also pointed out the need to expand irrigation infrastructure to minimize the reliance on rain-fed farming. While noting that insecurity remains a significant barrier, he acknowledged recent government efforts to stabilize the agricultural sector. BUA Foods closed the reporting period with total revenue reaching ₦1.77 trillion, up from ₦1.53 trillion in the prior year.
