Abdul Samad Rabiu, Chairman of BUA Group, has reiterated his commitment to reducing the cost of rice and other staple foods in Nigeria, cautioning against hoarding practices that contribute to food inflation.
In a recent statement, Rabiu emphasized that BUA Foods will maintain and potentially lower rice prices, leveraging its upgraded 200,000-tonne-per-annum rice mill in Kano, which utilizes locally sourced paddy.
This strategy aligns with BUA's broader initiative to minimize reliance on foreign exchange by sourcing raw materials locally, thereby promoting food security and supporting national development.
Rabiu's warning to hoarders underscores the company's dedication to making food products more accessible and affordable for Nigerians. By investing in local agriculture and infrastructure, BUA Group aims to stabilize prices and ensure a steady supply of essential commodities.
As BUA Foods continues to expand its operations and support local farmers, the company remains a pivotal player in Nigeria's quest for food self-sufficiency and economic resilience.
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