In a statement released on Tuesday, BUA Chairman Abdul Samad Rabiu emphasized the critical role of financial partnerships in driving BUA’s mission to bolster Nigeria’s manufacturing and infrastructure sectors. “With Afreximbank’s support, BUA can increase investments to enhance industrial capacity and meet growing regional demand,” he said. “Our aim is sustainable growth that strengthens Nigeria’s self-sufficiency, boosts Africa’s position in global trade, creates jobs, and builds economic resilience.”
Kanayo Awani, Afreximbank’s Executive Vice President for Intra-Africa Trade and Export Development, added that the funding facility would support BUA in expanding its industrial operations, thereby boosting Nigeria’s manufacturing base and export capabilities. “We are pleased with this partnership, which is expected to drive significant impact through job creation, import substitution, and export diversification—all contributing to a stronger Nigerian economy,” Awani stated.
