Business
BUA’s industrial deals withAD Ports, MAIR excites Tinubu
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- President: deal is dividend of renewed diplomatic engagement, reform agenda
President Bola Tinubu has commended the signing of a strategic Memorandum of Understanding (MoU) between Nigeria’s BUA Group and UAE-based AD Ports Group and MAIR Group in Abu Dhabi, describing it as a major industrial and trade breakthrough.
The President said the agreement is a tangible dividend of renewed Nigeria–United Arab Emirates engagement under his administration, following recent state visits and high-level discussions with the UAE leadership focused on trade, investment, infrastructure and food security.
According to him, the MoU explores collaboration in sugar refining, agro-industrial development and integrated global logistics solutions, with plans for sugar refining and advanced logistics infrastructure to be developed in the UAE.
In a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, the president noted that the initiative is expected to enhance value addition, strengthen supply chain resilience and deepen structured trade flows between West Africa and the Gulf region.
Tinubu said the partnership demonstrates growing international confidence in Nigeria’s reform agenda and reinforces the country’s commitment to export-led industrialisation.
“Strategic diplomacy must translate into measurable economic gains. This partnership reflects the renewed momentum in Nigeria–UAE relations and our determination to position Nigeria as a competitive industrial and trading nation, while empowering Nigerian businesses to operate confidently on the global stage,” the President said.
He also observed that BUA Group’s established industrial base in Nigeria, including integrated food processing operations and investments in port infrastructure upgrades, provides a strong foundation for expanded international trade integration.
Tinubu lauded BUA Group Chairman, Alhaji Abdul Samad Rabiu, for sustained investments across key sectors of the Nigerian economy.
“I must also commend the Chairman of BUA Group, Alhaji Abdul Samad Rabiu, who continues to believe and invest in various sectors of the Nigerian economy, and has shown the world that Nigerian companies are capable of playing on the global stage,” he said.
The President reaffirmed his administration’s commitment to deepening bilateral economic partnerships capable of attracting investment, expanding exports, strengthening Nigerian enterprise and delivering sustainable prosperity.
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