BUA Foods plans major expansion to support Nigeria’s economic growth, food security
Competition, local production Mr Rabiu noted that Nigeria’s food manufacturing industry remains highly concentrated, with only a few companies accounting for most of the market.
The company said the expansion projects would significantly increase local production capacity, broaden consumer choice, strengthen supply chains and reduce dependence on imported food products.
READ ALSO: BUA Foods seeks shareholders’ approval for ₦504 billion dividend payment Nigeria has faced persistent food inflation over the past two years, driven by insecurity in farming communities, high transportation and energy costs, exchange rate pressures and climate-related disruptions affecting agricultural production.
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