Energy disruption forces BUA Foods to cut sugar, flour production

BUA Foods, owned by billionaire, Rabiu Abdulsamad, was forced to cut production of its revenue-driven products, sugar, flour and pasta in 2022.

In an explanatory note seen by Ripples Nigeria on Wednesday, which accompanied BUA Foods financial statements for the period of 2022, the firm said energy issues disrupted its production.

This affected the volume of sales last year, with 607,218 tons of sugar sold last year, below the 600,551 tons sold the year before.

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