BUA Group has signed a series of industrial and agro-processing agreements in Dubai aimed at expanding Nigeria’s capacity in food processing and power generation.
The deals were executed at the company’s Middle East office as part of its ongoing efforts to strengthen backward integration and industrial development.
Among the key agreements is the construction of a 1,000 metric tonnes-per-day palm oil refinery in partnership with Swedish firm Alfa Laval.
The facility is expected to transform crude palm oil into refined edible products for both domestic consumption and export.
According to BUA Group, the project will enhance local processing capacity, reduce import dependence and create value across the agricultural supply chain.
In addition to the refinery, BUA signed a power generation deal with India-based Green Power International to develop a 20MW gas-fired plant.
The power project is designed to provide reliable energy for BUA’s LNG operations and reduce reliance on the national grid which remains unstable and underpowered for industrial needs.
To further boost food production, BUA entered agreements with Qingdao ZhengYa Technology and Shanghai Poemy Machinery both of China.
The agreement covers the construction of ten new production lines for fried instant noodles. The initiative aligns with BUA’s strategy to scale local food manufacturing, improve affordability and meet rising consumer demand.
BUA Group said the investments are targeted at driving food security, supporting job creation and enhancing Nigeria’s non-oil export competitiveness.
The company emphasized that the Dubai agreements are part of a broader push to deepen industrial participation and promote sustainable local sourcing.
Abdulsamad Rabiu, founder and executive chairman of BUA Group, personally led the signing ceremonies with senior executives from Alfa Laval Green Power and the Chinese equipment manufacturers.
Rabiu reaffirmed BUA’s commitment to delivering high-impact investments that support Nigeria’s long-term economic objectives.
The agreements also reflect BUA’s continuing global partnerships and capital deployment strategy.
According to Forbes, Rabiu’s net worth stands at $4.7 billion as of April 21, 2025, making him one of Nigeria’s top three richest individuals behind Aliko Dangote and Mike Adenuga.
In a related development, BUA Cement, a subsidiary of BUA Group, recently donated pharmaceuticals worth N35 million to sixteen host communities in Wamakko Local Government Area of Sokoto State.
The new projects are expected to commence immediately with timelines for commissioning to be announced in due course.
Industry analysts say the agreements mark a significant milestone in Nigeria’s industrialization agenda and position BUA Group as a key driver of local capacity development across critical sectors.
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