Monday, November 29

Tag: sugar producer

Sugar War: Dangote Demands Sanction Against BUA
Business

Sugar War: Dangote Demands Sanction Against BUA

Facts have emerged on how Nigeria's biggest sugar producer, Dangote Industries Limited, alongside another producer, flour mills of Nigeria plc, approached the federal government to reprimand BUA, their rival in a bid to shut down its business. Correspondences exchanged between the companies and the federal ministry of trade and investment were exclusively obtained by POLITICS NIGERIA. Their grouse is against BUA's most recent sugar refinery plant in the Bundu Free Trade Zone, Portharcourt, Rivers state capital, which they accused of importing raw materials against regulations and the National Sugar Master Plan (NSMP) hinged on the backward integration plan. The development of NSMP commenced in 2008 under the administration of the late President Umaru Musa Yar’Adua but was approv...

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