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Nairaland Forum / Nairaland / General / Business / Sugar War: Dangote Demands Sanction Against BUA (36698 Views)
Easter: APCON To Sanction Sterling Bank For ‘Provocative’ Agege Bread Advert / Sugar War: Ganduje, Kano Stakeholders End Dangote, Bua’s Rift / Sugar Price War: Dangote Petitions Trade Ministry, Wants Monopoly As BUA Refuses (2) (3) (4)
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Re: Sugar War: Dangote Demands Sanction Against BUA by Usmankno: 2:17pm On Apr 08, 2021 |
Wickedfacts:concur.. |
Re: Sugar War: Dangote Demands Sanction Against BUA by bobowaja(m): 2:19pm On Apr 08, 2021 |
mariahAngel:He is a govt made billionaire. 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by extol1(m): 2:22pm On Apr 08, 2021 |
RMoneyInTheBank:how my comment con be your problem na. how do you I and my family cannot live without their products |
Re: Sugar War: Dangote Demands Sanction Against BUA by Nobody: 2:29pm On Apr 08, 2021 |
Staphylococcus:bezos is doing same in the USA |
Re: Sugar War: Dangote Demands Sanction Against BUA by abatical(m): 2:36pm On Apr 08, 2021 |
Nathan85:Thank you broda, that man is too greedy |
Re: Sugar War: Dangote Demands Sanction Against BUA by Lex620: 2:40pm On Apr 08, 2021 |
FrankBass281:How much |
Re: Sugar War: Dangote Demands Sanction Against BUA by UnabashedIPOB: 2:43pm On Apr 08, 2021 |
This monopolistic IDIOT should shut his f**king mouth. The same man that is monopolizing all the essential commodity sectors of the zoo economy has the temerity to complain? How dare him! This is ONE NIGERIA for the fools that believe in it. |
Re: Sugar War: Dangote Demands Sanction Against BUA by TheAlchemist: 2:46pm On Apr 08, 2021 |
iHart: You mean the GMO sugar |
Re: Sugar War: Dangote Demands Sanction Against BUA by Funkybabee(f): 2:50pm On Apr 08, 2021 |
Na dangote be una problem for now |
Re: Sugar War: Dangote Demands Sanction Against BUA by charlesucheh(m): 3:16pm On Apr 08, 2021 |
20 Naira Sugar is now being tied as 50 naira, Now, the BUA of a company is here to avert the sugar hardship for us and Dangote group and his fellow sadist are thwarting their (BUA) efforts. Do we Nigerians agree to this Malicious acts?? 2 Likes |
Re: Sugar War: Dangote Demands Sanction Against BUA by AsomArchitectNG(m): 3:22pm On Apr 08, 2021 |
MIKOLOWISKA:Keep quiet I wasn't talking to you ![]() |
Re: Sugar War: Dangote Demands Sanction Against BUA by TSBO: 3:29pm On Apr 08, 2021 |
Na wa o. Except I missed it, I can't find one well thought out response to the original post. Just sentiments. Nigeria does not grow enough sugar to meet demand. Therefore, most of the raw sugar input used by local refiners is imported. A Sugar Masterplan was established so that we can develop domestic capacity to grow sugar instead of just importing. Now each of those three main refiners, Dangote, FlourMill and BUA, have a level of backward integration (sugar farming) they must reach and as they do, they are also given import quotas. If you meet your targets, you will likely get more room to import to make up what you have produced domesitcally. If you don't meet your targets, your import quota might be reduced. This is to encourage backward integration so that over time, we become self-sufficient WRT sugar. According to the write-up, BUA's new refinery is primarily for exports; it's located in a free trade zone. So, it will primarily be importing raw sugar, refining and exporting. The concern noted by the industry expert is that due to its license from NEPZA, BUA can turnaround and sell it's product domestically if domestic prices are arbitrarily high (at this point, don't forget that the refinery will solely be using imported raw sugar; and yes, they will pay duty (60%) and levy (10%) if they sell domestically). While it is a good idea to have someone that can stabilise local prices, the other players think this might be detrimental to the sugar masterplan, especially since, according to them, BUA has not really done well on that front. There should be full commitment to the Sugar Masterplan and a refinery in Nigeria that fully imports raw sugar may not be a step in the right direction and depending on whom you ask, might not show commitment by that refiner. In summary, we all are still trying to achieve the Sugar Masterplan (I.e. reach self sufficiency in domestic production of raw sugar) and here you are creating a refinery that will only use imported raw sugar, and it's not like you are even doing well with the Sugar Masterplan. Also, it may be difficult to monitor that this sugar you are producing is not being sold in the Nigerian market. I am neither for or against Dangote and Flour Mills but I guess it's rational for them to have misgivings in this situation. On the other hand, the government can find ways to ensure BUA is more committed to local production and that they don't sell products from the new refinery in the domestic market.. If they can, it would cap what price others can sell at.. Not really a bad thing but it seems a bit unfair to others who are putting in more backward integration efforts. 3 Likes |
Re: Sugar War: Dangote Demands Sanction Against BUA by Emmerlee(m): 3:30pm On Apr 08, 2021 |
iHart: This is very true bro. I observed the same thing with Dangote sugar.. The quality is a lot less than what we used to have in St. Louis sugar. |
Re: Sugar War: Dangote Demands Sanction Against BUA by Nobody: 3:39pm On Apr 08, 2021 |
People are beginning to realize Dangote's antics. |
Re: Sugar War: Dangote Demands Sanction Against BUA by staga: 3:53pm On Apr 08, 2021 |
This Dangote man is starting to bite off more than he can chew. |
Re: Sugar War: Dangote Demands Sanction Against BUA by winterfell007(m): 3:55pm On Apr 08, 2021 |
TSBO: Bleep you and your NSMP Policy of the federal government. That was how they began a similar policy in Cement with the ultimate aim making the product readily available and affordable in Nigeria. But it turns out that the local product is more expensive than the imported. That's how they began a similar policy for rice, it turns out to be the worst. Now you folks are talking about sugar. Dangote sugar was initially sold at #50 in 2015, In just three years, it has skyrocketed to #200. This is a product that's supposed to be cheaper since it is refined locally. Bleep you all government policy, it's like those policies are designed to hype inflation all the more. If i were the government, we'll reverse all those goddamn policy and return it to free market enterprise. Anybody that wants to produce locally is free to produce and anyone that wants to import should do so. The market is big enough for everybody. Shikena!! 2 Likes |
Re: Sugar War: Dangote Demands Sanction Against BUA by mmsen: 4:01pm On Apr 08, 2021 |
Bar1941: Nigerian government cannot do any such thing because the people who should putting checks in place are making money from Dangote's shenanigans. I wonder when people will finally wake up and realize that Dangote is a front man for corrupt, northern economic interests. Hence why he cannot compete on a level playing field, as is their way. |
Re: Sugar War: Dangote Demands Sanction Against BUA by miky(m): 4:02pm On Apr 08, 2021 |
Dangote is right! Importation of sugar is and for business.. if you cannot manufacture and create jobs in Nigeria then don't do the easy route of importing It will discourage anyone who plans on building manufacturing jobs in Nigeria People insult dangote yet have no understanding on why no jobs such as manufacturing is available in thr County |
Re: Sugar War: Dangote Demands Sanction Against BUA by itu404(m): 4:05pm On Apr 08, 2021 |
Fear people.. they are gradually cutting this man to size via Social media; building a campaign of calumny and an arsenal of negativity; using subtlety to erode people's confidence i hope he realises this and adjust But it is too late to do him harm ![]() ![]() ![]() 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by chandini435: 4:07pm On Apr 08, 2021 |
:..foolish talk... Yet you and your family cannot live without their products how my comment con be your problem na. how do you I and my family cannot live without their products |
Re: Sugar War: Dangote Demands Sanction Against BUA by edoairways: 4:08pm On Apr 08, 2021 |
iHart: ![]() ![]() ![]() ![]() ![]() |
Re: Sugar War: Dangote Demands Sanction Against BUA by naija1stnigar(m): 4:22pm On Apr 08, 2021 |
Greedy illiterate dangote always afraid of competition the only thing he knows how to do is to make use of self centered politicians to achieve his selfish ambition. |
Re: Sugar War: Dangote Demands Sanction Against BUA by somehow: 4:23pm On Apr 08, 2021 |
blaise26abj: What then do you see about what is going on now that it's Bua that is being accused of cutting corners? |
Re: Sugar War: Dangote Demands Sanction Against BUA by eagleu: 4:31pm On Apr 08, 2021 |
Dangote demands sanction against BUA. Dangote demands sanctions against Ibeto. Dangote demands cement standard to be his own brand. Dangote demands, demands, and demands of Nigerians!!!! Monopoly is the worst form of corruption. Free enterprise is the best option. Say no to Dangote!!!! |
Re: Sugar War: Dangote Demands Sanction Against BUA by mechanics(m): 4:32pm On Apr 08, 2021 |
He wants to control everything, but he won't have his way. |
Re: Sugar War: Dangote Demands Sanction Against BUA by Jamesz12: 4:43pm On Apr 08, 2021 |
I support anything that will end his monopolistic tendencies
|
Re: Sugar War: Dangote Demands Sanction Against BUA by wyqay: 4:48pm On Apr 08, 2021 |
so this man is like this.
BLOODY SELFISH VAGABOND |
Re: Sugar War: Dangote Demands Sanction Against BUA by juniorstar(m): 5:04pm On Apr 08, 2021 |
BUA Dey look for loophole in the system..Dangote and coumarros don kana. dem no wan troway eye. |
Re: Sugar War: Dangote Demands Sanction Against BUA by chikason22(m): 5:17pm On Apr 08, 2021 |
iHart:Exactly bro. Think God I am a health worker. I don't eat anyhow food |
Re: Sugar War: Dangote Demands Sanction Against BUA by Mozegee: 5:31pm On Apr 08, 2021 |
He is nothing but a greedy man who will die one day and leave all these wealth. bobowaja: 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by Nobody: 5:50pm On Apr 08, 2021 |
Holiegrail2:Hahaha, Dangote na cement? Any Engineer that uses Dangote cement needs his qualification questioned! 1 Like |
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