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Nigeria is location to galore palmy businesses that person achieved planetary recognition, and 1 specified singular empire is BUA Group. This concern conglomerate holds diversified interests spanning assorted sectors of the Nigerian economy, providing employment opportunities to thousands of individuals wrong Nigeria and neighbouring African countries.
In a erstwhile article, we fixed our searchlight connected the laminitis and Chief Executive Officer of BUA Group, Abdul Samad Rabiu, exploring however helium transformed the institution from a section endeavor into a multinational conglomerate.
But here, we volition beryllium highlighting BUA Group’s antithetic subsidiaries and their contributions to the conglomerate.
Source: UGC
BUA Sugar Plantation
BUA Group embarked connected important investments successful the country's immense Sugar Industry. In 2008, it acquired the esteemed Lafiagi Sugar Company Ltd (LASUCO) successful Kwara State, marking a pivotal measurement towards enhancing section sweetener production.
Additionally, it established the Bassa Sugar Company successful Kogi State. To enactment these ventures, BUA Group secured astir 70,000 hectares of onshore crossed these locations, paving the mode for expansive and state-of-the-art sweetener plantations.
Once afloat operational, these initiatives volition marque a singular publication to the maturation and advancement of Nigeria's homegrown sweetener industry.
BUA Sugar Refining
The Group proudly boasts 2 cutting-edge mega sweetener refineries: the BUA Sugar Refinery successful Lagos and the Eastern Sugar Refinery successful Port Harcourt, with a combined capableness of 1,500,000 metric tonnes.
These state-of-the-art facilities employment the latest exertion and automated systems, ensuring the accumulation of top-notch sweetener products for some depletion and concern purposes.
Notably, BUA stands unsocial arsenic the sole sweetener refiner with refining capabilities extending beyond the borders of Lagos, Nigeria.
BUA Flour Milling & Pasta Processing
Flour plays a captious relation successful Nigeria's improvement arsenic a staple food. Presently, wheat flour shares for bread, semolina, pasta, and different products basal astatine astir 60%, 20%, 10%, and 10%, respectively.
Wheat serves arsenic the superior earthy worldly for breadstuff flour, confectionery flour, noodle flour, semolina, and pasta production, with a staggering 99% of the required 5.67 cardinal metric tons being imported.
To conscionable the expanding demands of the population, BUA IRS Flour has established a cutting-edge works successful Port Harcourt, Nigeria.
The marketplace is projected to acquisition an yearly maturation of 6.7% (Compound Annual Growth Rate, CAGR 2020-2025).
BUA Oil Milling
In 2001, BUA Group acquired Nigeria Oil Mills Ltd., founded successful 1951. With 2 cardinal facilities (Nigeria Oil Mills successful Kano and BUA Oil Mills successful Lagos), the institution specialises successful lipid accumulation from groundnut and fabric seeds, arsenic good arsenic the manufacturing of carnal feeds and soap.
BUA Oil Mills, established successful 2008, is renowned for its accumulation of premium products similar thenar olein, stearin, and Distilled Fatty Acid (DFA).
BUA Rice Milling and Plantation
BUA Group has established itself arsenic a cardinal subordinate successful the atom manufacture arsenic its atom plantation spans astir 10,000 hectares of land.
With a mill successful Kano and an expansive atom plantation successful Kano, Nigeria, the Group is committed to gathering the nation's staple nutrient needs. BUA Group operates a dynamic out-growers scheme, engaging astir 100,000 atom farmers successful Kano and Jigawa States.
As the largest mill successful Nigeria, the facility's existent capableness of 200,000 tonnes per annum is undergoing an upgrade to a staggering 1 cardinal metric tonnes per annum.
BUA Cement
BUA Group has established a formidable beingness successful cement manufacturing, boasting 3 large subsidiaries and plants strategically located crossed Northern and Southern Nigeria.
These state-of-the-art facilities person the capableness to proviso assorted cement grades, catering to the circumstantial demands of the section Nigerian markets portion upholding the highest standards of manufacturing.
With an awesome combined installed capableness of 8 cardinal metric tonnes per annum and a marketplace capitalisation of N1.18 trillion (US$3.3 billion), BUA Cement has emerged arsenic the 2nd largest cement shaper successful the Nigerian marketplace and the largest successful the North Western region.
BUA Ports & Terminals
Under the subsidiary BUA Ports & Terminals, BUA Group has secured the concession rights for Terminal 'B' of the Nigerian Ports Authority, located successful Rivers State, Nigeria.
The larboard prides itself connected a highly skilled workforce, offering competitory tariffs, and delivering unparalleled lawsuit service. With a MARSEC level 2 certification, its operations prioritise the information and information of some lives and goods.
BUA Mines and Steel
BUA Group, done its subsidiary BUA Iron & Steel Ltd, is addressing Nigeria’s alloy situation with the constitution of a cutting-edge alloy works with a capableness of 1 cardinal tonnes per annum.
This state-of-the-art installation volition utilise locally sourced robust ore, earthy gas, and limestone, ensuring self-sufficiency successful alloy production. To enactment this endeavour, BUA Group has secured an exploration licence for robust ore successful Kogi State, Central Nigeria.
BUA Group remains steadfast successful its ngo to found a afloat integrated alloy works successful Kogi State. Upon completion, the BUA Steel Complex volition basal arsenic the sole alloy mill successful West Africa, producing alloy from robust ore.
BUA Real Estate
As Nigeria's existent property marketplace experiences expanding demand, BUA Group has responded by processing a divers portfolio of residential, commercial, and mixed-use properties crossed large cities successful the country.
Notable projects nether BUA Estates see BUA Hills and BUA Court successful Abuja, BUA Business Park successful Abuja, BUA Towers successful Lagos, and The BUA Place successful Lagos.
These developments showcase BUA Group's committedness to creating exceptional spaces that cater to the evolving needs of individuals and businesses successful Nigeria.
Source: Getty Images
Abdul Samad Rabiu inches person to presumption of 3rd richest antheral successful Africa
Meanwhile, successful related news, Legit.ng reported that Abdul Samad Rabiu is rapidly approaching the esteemed presumption of being the third-richest idiosyncratic successful Africa, presently held by South African billionaire Nicky Oppenheimer.
With an astonishing nett worthy of $8.2 billion, Rabiu's luck has surged by a staggering $2 cardinal (equivalent to N966 billion) wrong a azygous year, importantly narrowing the wealthiness spread betwixt him and Oppenheimer.
According to Forbes, Rabiu's nett worthy has skyrocketed from $6.1 cardinal successful January 2022 to $8.2 cardinal arsenic of Tuesday, March 28, 2023.
This singular summation has propelled him to the presumption of the fourth-richest idiosyncratic successful Africa, surpassing Egyptian billionaire Nassef Sawiris.
Moreover, the wealthiness spread betwixt Rabiu and Oppenheimer has shrunk to a specified $100 million.
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Source: Legit.ng
