BUA Foods Plc, a Lagos-based food conglomerate majority-owned by Nigeria's third-richest man Abdul Samad Rabiu, has entered into a strategic partnership with Turkish flour milling equipment manufacturer IMAS to significantly expand its wheat flour milling capacity.
The collaboration will increase BUA Foods' milling capacity to 2.5 million tonnes per annum (mtpa), bolstering its production capabilities and reinforcing its market position.
The agreement was sealed during a ceremony attended by senior executives from both companies. This expansion aligns with the company's broader strategy to enhance production across its various business divisions, following a significant investment in one of its integrated sugar estates earlier this year.
Expansion to bolster Nigeria's food securityUnder the terms of the partnership, BUA Foods will construct four state-of-the-art wheat and flour milling factories, adding a total of 3,200 tonnes per day to its milling capacity. The expansion is expected to strengthen Nigeria's food security by increasing local production, reducing dependency on foreign exchange-impacted raw materials, and creating additional employment opportunities nationwide.
