BUA, UBA deepen partnership to boost manufacturing, infrastructure financing

BUA Group and United Bank for Africa have moved to strengthen their long-standing partnership with fresh discussions aimed at expanding financing frameworks for manufacturing and infrastructure development in Nigeria.

The renewed collaboration came as Abdul Samad Rabiu hosted Tony Elumelu and members of UBA’s executive management team at the company’s Lagos headquarters.

According to BUA Group, the meeting focused on widening access to large-scale financing for industrial projects, boosting domestic production, and supporting growth across food processing, infrastructure, and export-driven value chains.

Rabiu described the relationship between both institutions as one built over nearly three decades, noting that it has evolved from the early days of Standard Trust Bank into a strong and trusted alliance.

He said enduring partnerships are driven by shared conviction and a common understanding of Nigeria’s economic direction.

Elumelu, on his part, said enterprises such as BUA demonstrate the impact of long-term capital when matched with disciplined execution, stressing that UBA remains committed to supporting businesses shaping Nigeria’s economy.

In a related development, BUA Foods posted N1.77 trillion revenue for the 2025 financial year, representing a 16 percent increase from N1.53 trillion recorded in 2024.

The company also reported gross profit of N737.26 billion, while profit after tax rose sharply by 95 percent to N518.4 billion.

Its board proposed a dividend of N28 per share, up from N13 declared in 2024, subject to shareholder approval.

Rabiu said the result reflects disciplined growth, increased production capacity, and sustained value delivery to shareholders, while Managing Director Ayodele Abioye expressed confidence in sustaining the momentum through further market expansion.