Nigeria’s main industrialist Abdul Samad Rabiu and enterprise mogul Tony Elumelu are deepening their long-standing partnership to speed up industrial progress, as BUA Meals posts a file N1.77 trillion income.
Rabiu not too long ago hosted Elumelu and his government crew at BUA Group headquarters in Lagos, reinforcing collaboration between business and finance to drive large-scale {economic} growth.
The assembly underscored a shared dedication to increasing financing for manufacturing, boosting native production, and unlocking progress throughout meals, infrastructure, and export-driven worth chains.
Reflecting on almost three a long time of partnership, Rabiu emphasised the significance of shared imaginative and prescient, noting that long-term success is constructed on alignment and conviction fairly than transactions.
Elumelu, Chairman of United {Bank} for Africa, highlighted the function {of financial} establishments in supporting scalable enterprises, describing BUA Group as a mannequin of what may be achieved when capital meets disciplined execution.
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In the meantime, BUA Meals reported sturdy {financial} outcomes for the yr ended December 31, 2025. Income rose by 16% from N1.53 trillion in 2024 to N1.77 trillion, whereas gross revenue reached N737.26 billion. Revenue after tax surged 95% to N518.4 billion, with earnings per share climbing to N28.80.
The corporate additionally proposed a dividend of N28 per share—up 115% from N13—bringing complete payouts to N504 billion, pending shareholder approval.
Rabiu described the efficiency as a mirrored image of disciplined progress, capability growth, and a give attention to delivering constant worth. Managing Director Ayodele Abioye added that sturdy demand and ongoing investments place the corporate to maintain its progress trajectory.
The strengthened alliance and spectacular {financial} efficiency sign a broader shift in Nigeria’s financial system, pushed by establishments leveraging capital, scale, and long-term industrial imaginative and prescient.
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