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By Steve Agbota
The Nigerian Ports Authority (NPA), has projected double-digit growth in cargo throughput and revenue from the $85 million BUA Group’s expansion of its port and terminal facilities in Port Harcourt.
This was made known on Friday, during a visit to the Managing Director of NPA, Dr. Abubakar Dantsoho at the Authority’s Headquarters in Lagos, where the Chairman of BUA Group, Abdul Samad Rabiu, said the company is investing about $85 million in the expansion of its ports and terminals facility in Port Harcourt, as it prepares to handle more than two million tonnes of imported raw materials annually for its growing food business.
According to him, the company came to appreciate the support it has received and brief the authority on the progress of the project, saying that the expansion has advanced significantly and is critical to supporting the rapid growth of BUA Foods in Port Harcourt.
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“We’re here to thank the MD and his team for the support we’re getting, and also to brief NPA and the management on the progress we’re making as regards the expansion of our BUA Ports and Terminals in Port Harcourt.
“We’ve gone very far, and we thought it’s important for us to come and brief the management, and also ask for additional support; I’m happy that the MD and his team have promised that they’ll continue to give us all the necessary support,” he said.
Rabiu explained that BUA Foods is undergoing a major expansion programme and that efficient port infrastructure is essential to sustaining its operations.
“As you know, BUA Foods is operating in Port Harcourt, and BUA Foods is expanding, and by the time we are done with the expansion, inshallah, next year, we’ll be having almost over two million tonnes of products being imported as raw materials to Port Harcourt, and for that we need a terminal, we need a facility,” he stated.
