“BUA has shown and continues to show what is possible in Nigeria”, Buhari said.
The President noted that “Most of this phenomenal growth recorded has been achieved during this administration.
“We have also seen similar successes, especially in the food and agri-input value chain.
“These successes are clear testaments to the correctness of our programs and policies”, he added.
An elated President Buhari observed that he was impressed and proud of the transformation BUA has made into a manufacturing giant.
“I am impressed and proud of the transformation BUA has made from trading concern to a manufacturing conglomerate.
“A key pillar of our administration’s policy thrust is import substitution, especially when it comes to essential items such as food, household consumables & shelter.
“A nation of our size and with our natural and human resources is exhibiting its weakness if it continues importing essential commodities.
“For every grain of rice, wheat or maize we import, we destroy the livelihoods of our local farmers while creating jobs abroad.
“It is because of this that, seven years ago, our Government introduced numerous laws, executive orders and incentives that support businesses with import substitution projects.
“In the medium term our hope has been to see Nigerian companies expand their production expertise and capacity to other African nations, helping them to also achieve their food and economic security goals.
“In the long term, our desire is to create a peaceful and prosperous continent with its young and talented population feeding, clothing and housing themselves”, President Buhari said.