…declares N504bn dividend after record profit
BUA Foods Plc has pledged to keep prices of its food products stable despite persistent inflation as the company unveiled an aggressive expansion programme aimed at boosting manufacturing capacity after reporting record earnings and declaring a N504 billion dividend for shareholders.
Nigeria’s largest food manufacturer said increased investment in production, local sourcing, and backward integration would enable it to sustain affordability for consumers while strengthening food security and delivering long-term growth.
Speaking at the company’s 2026 annual general meeting, Kabiru Rabiu, group executive director, said BUA Foods is pursuing expansion not only to grow earnings but also to help cushion the impact of inflation on Nigerian households.
The company has expanded its outgrower programme for rice farmers by providing mechanisation, irrigation, and farm inputs, particularly fertiliser, to improve yields and secure local raw material supply.
