Nigerian billionaire Abdul Samad Rabiu is continuing his rapid expansion in the food and manufacturing sector, with BUA Group announcing plans to build a 32-tonnes-per-hour rice processing line.
The agreement was finalized in Dubai with Bühler West Africa, part of a series of deals aimed at boosting local production and reducing reliance on imports.
BUA Foods’ earnings have surged, with net profit doubling to N405.2 billion ($283.5 million) in the nine months ended Sept. 30, 2025, driven by strong demand for sugar, flour, pasta, and rice.
The company operates a wide network of businesses, including BUA Sugar Refinery, BUA Oil Mills, IRS Flour, IRS Pasta, and BUA Rice, and remains largely under family control.
This move reflects BUA Group’s commitment to industrial growth and sustainable agriculture in Nigeria.
