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NSDC ES, Zacch Adedeji Lauds BUA Foods On Contributions Towards Development Of Nigerian Sugar Sector



NSDC ES, Zacch Adedeji Lauds BUA Foods On Contributions Towards The Development Of Nigerian Sugar Sector


Olushola Okunlade Writes

BUA Foods Plc has received commendations from the National Sugar Development Council (NSDC) over the level of progress made at its wholly-owned subsidiary, LASUCO Sugar Company Limited (LASUCO) which sits on 20,000 hectares of arable land in Lafiagi, Kwara State.

Over the years, BUA foods have invested heavily in the backward integration program of the Federal Government under the supervision of the NSDC. When fully completed, the over $300million integrated sugar factory will comprise of a sugar mill with a capacity of 10,000tons of cane per day, a sugar refinery with an annual capacity of 220,000metric tonnes, a 35megawatts power generating plant to fuel the factory with the potential to supply the national grid and a 20million liters per annum ethanol production plant. The plantation also has a 3km airstrip of international standard, built to support its operations.

Addressing the NSDC team in Lafiagi, the acting Managing Director, BUA Foods, Engr. Ayodele Abioye said the visit was timely as it restates the company’s drive to ensure the advancement of the food sector and the Nigerian economy.

According to Abioye, “We thank the National Sugar Development Council. We are glad you like the level of work that has gone into this plantation and remain committed to fully attaining the backward integration program. Its role in conserving foreign exchange, boosting local capacity, creating jobs, enhancing skill acquisition and ensuring that less emphasis is placed on imported raw materials is clearly understood’’

“We believe at take-off; this enormous project will make a huge impact on our business and the aspirations of the council”.

NSDC ES, Zacch Adedeji Lauds BUA Foods On Contributions Towards The Development Of Nigerian Sugar Sector
His Royal Majesty, Alhaji Mohammed Kudu Kawa, the Emir of Lafiagi flanked by the Executives of the National Sugar Development Council (NSDC), Executives of LASUCO, and BUA Foods Plc at the Emir’s palace in Lafiagi, Kwara State.
NSDC ES, Zacch Adedeji Lauds BUA Foods On Contributions Towards The Development Of Nigerian Sugar Sector
Left-Right: Labaran Saidu, Senior General Manager, Lafiagi Sugar Company (LASUCO); Ayodele Abioye, Ag. Managing Director, BUA Foods Plc; Adedeji Zacch, Executive Secretary, National Sugar Development Council, and Abdulrasheed Olayiwola, Chief Finance Officer, BUA Foods Plc during the council’s visit to the Industrial Complex of LASUCO in Lafiagi, Kwara State.
NSDC ES, Zacch Adedeji Lauds BUA Foods On Contributions Towards The Development Of Nigerian Sugar Sector
Left-Right: Labaran Saidu, Senior General Manager, Lafiagi Sugar Company (LASUCO); Habib Abdullahi, National Sugar Development Council (NSDC); Abdulrasheed Olayiwola, Chief Finance Officer, BUA Foods Plc; Adedeji Zacch, Executive Secretary, NSDC; Ayodele Abioye, Ag. Managing Director, BUA Foods Plc; and Adewunmi Desalu, Communications Director, BUA Foods Plc during the council’s visit to the Sugarcane plantation at LASUCO in Lafiagi, Kwara State.

Speaking during the working visit to the plantation, the Executive Secretary of the National Sugar Development Council (NSDC) Zacch Adedeji, said: “the President Muhammadu Buhari’s led Government is committed to revamping the sugar industry through the Nigeria Sugar Master Plan, (“NSMP”) which has the capacity to ensure we grow what we eat, and eat what we grow while providing job opportunities for millions of Nigerians.

Adedeji who thanked BUA Foods for its resilient commitment towards the Backward Integration Programme (BIP) expressed satisfaction with the level of progress made at the integrated sugar factory adding that Nigeria is a step closer to achieving self-sufficiency in sugar production.

“At the sugar council, our aim is to locally produce 70% of Nigeria’s sugar consumption which is currently at 1.7metric tons per annum. LASUCO is expected to play a pivotal role in the achievement of this goal as it’s expected to contribute up to 25% of the targeted local consumption based on its capacity”.

Adedeji added that “I am impressed with the level of progress I have seen here. All that’s required is to further develop the field to which I have seen the commitment of the BUA team to meet that”.

The company is working towards supporting farmers through an out-grower scheme to increase sugar cane production and provide a springboard for expansion of its local sugar production while impacting the host community and the Nigerian economy at large.

Earlier, Alhaji Mohammed Kudu Kawa, the Emir of Lafiagi described the project as a “game-changing initiative” that will spur the development of the community.

According to him, “For us, the BUA-LASUCO project is a dream come true for Lafiagi as there are only a handful of towns that can boast of a $300m dollar investment. We are proud of this project and very happy it is situated in our area. The potentials are huge, the type of transformation this project will bring Lafiagi beats the imagination. Today, we are on the world map due to the 3km runway. We are very happy and committed to this project; There is nothing BUA needs that we will not accommodate”.

Know More About BUA Foods PLC

BUA Foods is a leading food business with well-diversified and scalable operations producing sugar, flour, pasta, rice, and edible oils. With strategically located plants across Nigeria, coupled with a cordial alliance with local stakeholders in host communities, BUA Foods is a resilient business built on a strong brand proposition and is an operator with a reputation for delivering high-quality products.

BUA Foods continues to invest in modern technology for efficient food production, innovatively expanding with strategic partners across the value chain. The company is also well-positioned to leverage significant export potentials across West Africa and the larger African continent.

Headquartered and listed in Nigeria, BUA Foods has become one of the most capitalized companies on the NGX and a leading consumer goods firm by market value.


The Voice Africa To Launch On TV Screens This Month, With Promise Of Showcasing African Talent, Entertainment, And Excitement



The Voice Africa To Launch On TV Screens This Month, With Promise Of Showcasing African Talent, Entertainment, and Excitement

Olushola Okunlade Writes

Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, announces today that the highly anticipated show, The Voice Africa, will debut on 26th March 2023.

Airtel Africa, as the title sponsors, has partnered with FAME Studios Africa to broadcast the show on free-to-air TV stations across its markets and Airtel TV.

The Voice Africa received 78,804 registrations from Nigeria, Kenya, Seychelles, Tchad, Uganda, Congo, Zambia, Tanzania, Rwanda, Gabon, Madagascar, Malawi, and the Democratic Republic of Congo. 12,308 talents were then selected for auditions and a total of 100, seven per country in addition to two wild cards, were chosen to proceed to the live shows in Lagos, Nigeria.

The Voice Africa will follow the format of the global show, starting out with blind auditions, battle rounds, knockouts, and playoffs, and concluding with the live shows. The show will run for 25 weeks, airing one show per week, with the first shows running the blind auditions based solely on the talents’ voices and not looks. The Voice Africa is expected to attract both a pan-African and global audience, featuring a high-profile panel of coaches and TV hosts who will witness one of the 100 selected talents eventually crowned The Voice Africa.

Anthony Shiner, Group Chief Commercial Officer, Airtel Africa said: “We are thrilled to finally bring Africa’s exceptional musical talents to the world through the continent’s version of the global award-winning show, The Voice. The Voice Africa will display African musical talent, delivering excitement and entertainment to millions across the world, whilst showcasing amazing voices, performances, and intrigues. It is an opportunity to celebrate and contribute to Africa’s music scene through real-life stories of resilience, persistence, struggle, and success that some of you can relate to and will undoubtedly impact your lives.”

Airtel Africa believes in enabling the youthful talent on the continent and has continuously supported the notion that Africa’s youth are future leaders, not only on the continent but worldwide. To show commitment and the organisation’s support, Airtel Africa has invested in various initiatives that aim to promote youthful talents and expertise in education, sports, and the innovation sectors.

In 2021, Airtel Africa announced a groundbreaking $57m investment in education in partnership with UNICEF that aims to provide and increase access to digital education for the betterment of Africa’s children’s futures. Other initiatives Airtel Africa has been involved in over the years include the MTV Africa Music Awards (MAMAs), the Zain Africa Challenge, which brought university students together in a quiz contest, and the Airtel Rising Stars, a football tournament for Under-15 boys and girls.

For more information on the Voice Africa, please visit


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BUA Cement Records Fastest Profit Expansion Among Cement Competitors



Olushola Okunlade Writes

BUA Cement Nigeria Plc has proven to be resilient in the face of macroeconomic headwinds as it recorded the fastest profit expansion among the dominant players in the industry.

The company has been recording double-digit growth in earnings since it was listed on the Nigerian stock exchange in January 2020 to become one of the most capitalised firms in Nigeria.

BUA Cement sustained its excellent performance in 2022, delivering a profit after tax (PAT) expansion of 12.42% year on year (yoy), relatively better performance when compared to Lafarge Africa (+5.10% yoy) and DANGCEM (4.90 % yoy).

In short, BUA Cement continues to outpace its rivals with double-digit growth at the bottom line (profit), it will overtake Dangote Cement as the largest firm by profit in the cement industry.

The cold commissioning of the Sokoto line 4 cement plant earlier in 2022 raised BUA Cement’s total installed capacity to 11.0MMTPA from 8.0MMTP, according to data from the company website.

Looking ahead, the company’s management plans to diversify energy sources by integrating solar energy on a limited scale of up to 10MW in 2023.

Of course, cost management and sales expansion will underpin profit margins this year, and such improvement is expected to deliver higher returns to shareholders in the form of bumper dividends and share appreciation.

It is worth noting that the company and peer rivals benefit from a price hike, which is significantly responsible for the revenue uplift.

However, inflationary pressures and volatility in currency still remains a downside risk to operating cost.

Analysts at Chapel Hill Denham Limited in research note said BUA Cement’s volume is now expected to come in at 7.4mmt, translating to a capacity utilisation of 52.0% based on an installed capacity of 14.0mmt per annum.

The cement maker’s operating profit spiked by 24.46 percent to N129.71 billion in December 2022 from N104.22 billion as of December 2021.

It trades at a price-to-earnings multiple of 33.30 while its shares trade at N92.45 as of March 1, 2022.

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7up Rebrands Logo, Unveils New Exciting Identity



7up Rebrands Logo, Unveils New Exciting Identity

Olushola Okunlade Writes

Seven Up Bottling Company has announced a rebranding of its 7Up product with new packaging and identity. 

According to the company, the rebranding exercise happened to be 7Up first major overhaul in over seven years

PepsiCo, an international distributor has announced the rebranding of the 7Up product. The rebranding exercise is said to be the first major redesign in the last 7 years. Mauro Porcini, who spoke about the rebranding exercise said that the decision to rebrand aligned with the new “UPliftment’ brand strategy which would increase its international positioning.

He added that the new design which was launched with the expression, ‘New Get Up, Same 7UP’ would be used everywhere 7UP and 7UP Zero Sugar are sold.

“UPliftment is a concept that resonates with people globally. Our new visual identity for 7Up was inspired first and foremost by the brand’s creation of moments of UPliftment throughout its history.

“The PepsiCo design and innovation team created a bright and confident visual identity system that will echo across cultures, regions, and languages. The new 7UP features the brand’s signature punchy green, but with added citrus hues and distinct high-contrast lines that portray a feeling of upward energy.”, Porcini said.

7UP Vice President, Global Brand Marketing, Eric Melis also commented on the rebranding exercise saying ” “We’re excited to shine a light on our international positioning and reveal our visual identity system to the world. 7UP has always provided people with refreshing UPliftment through consumption and that’s why it feels like a natural fit for us to drive this narrative forward and center UPliftment within everything we do.

“We’ve got one brand with two great product offerings, and we can’t wait for the world to see what else we have planned.”

Melis also disclosed that the new identity would be taking effect globally on 7Up products in March 2023.

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