LA SUITE APRÈS LA PUBLICITÉ

BUA Group Chairman Abdul Samad Rabiu and UBA Chairman Tony Elumelu have committed to deepening their 30-year partnership to scale Nigerian manufacturing and infrastructure, coinciding with BUA Foods’ historic ₦518.4 billion annual profit.

The collaboration between BUA Group and United Bank for Africa – UBA represents a significant alignment of industrial capacity and financial capital.

During the meeting at BUA’s headquarters, both leaders emphasized that their relationship is built on a shared long-term vision for Nigeria’s economic sovereignty rather than mere transactional banking.

By strengthening financing frameworks, the partnership aims to boost domestic production and unlock export-oriented opportunities in the food and infrastructure sectors across the African continent.

Tony Elumelu highlighted the necessity of sustained financial backing for indigenous enterprises that demonstrate “disciplined execution.” This sentiment is backed by BUA Foods’ stellar 2025 financial report, which saw revenue climb 16% to ₦1.77 trillion.

This growth was driven by consistent demand in essential commodities, including sugar, flour, pasta, and rice. The company’s ability to scale operations efficiently has positioned it as a cornerstone of Nigeria’s real sector, proving that local industrialization can yield massive returns.

The financial data for the year ended December 31, 2025, reveals a remarkable surge in profitability, with profit after tax growing by 95% to ₦518.4 billion. This surge in earnings allowed the board to propose a significant dividend of ₦28 per share—a 115% increase from the previous year.

With a total proposed payout of ₦504 billion, BUA Foods is delivering unprecedented value to its shareholders while simultaneously reinvesting in its value chain, as evidenced by a 27% growth in total assets to ₦1.39 trillion.
Abdul Samad Rabiu noted that these results reflect a business scaling with discipline and a focus on long-term value creation.

The Managing Director of BUA Foods, Ayodele Abioye, further stated that the company is currently optimizing its supply chain and expanding production capacity to maintain this momentum.

This operational success provides a solid foundation for the UBA-financed expansion, ensuring that BUA remains at the forefront of Nigeria’s drive toward food security and industrial independence.

Industry analysts view this synergy between a leading financial institution and a manufacturing powerhouse as a blueprint for Nigeria’s broader economic shift. As large indigenous firms take center stage, the integration of capital and industry is expected to drive long-term economic stability and job creation.

The BUA-UBA alliance underscores a renewed confidence in the Nigerian market, signaling that local investment is the primary engine for the country’s future growth trajectory.