Nigeria, July 16 -- BUA Foods Plc has unveiled an ambitious expansion plan aimed at increasing local food production, improving the availability of staple foods and strengthening Nigeria's food security.

The company announced the plans on Wednesday at its 5th Annual General Meeting (AGM) in Abuja, after shareholders approved a record N504 billion dividend for the 2025 financial year.

The shareholders also approved its audited financial statements, the re-election of retiring directors and other statutory resolutions.

The approved dividend represents a final payout of N28 per ordinary share, following what the company described as another year of strong financial performance.

Speaking at the meeting, the Chairman of BUA Foods, Abdulsam...