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Nairaland Forum / Nairaland / General / Business / Sugar War: Dangote Demands Sanction Against BUA (36926 Views)
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Re: Sugar War: Dangote Demands Sanction Against BUA by dokitaeleran(m): 5:52pm On Apr 08, 2021 |
Are we producing enough raw material to be self sufficient? In what way will BUA's sugar refinery affect Dangote and Flour Mill?? TSBO: 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by ogubolokento(m): 5:53pm On Apr 08, 2021 |
Enough of all your desire to put nigerians is total slavery because you want to control manufacture sector in Nigeria |
Re: Sugar War: Dangote Demands Sanction Against BUA by blaise26abj(m): 7:17pm On Apr 08, 2021 |
somehow: Read it he write up again .if I’m right , Bua ‘s main operation will be for export . Dangote and co are not against that . What they are against is that Bua seems to have a clause that he might be called upon to enter the domestic market occasionally to help STABILIZE the local PRICE . That is what is upsetting Dangote and co . It defeats his mission ( monopoly ) to always be a major force in a market to the point where he can determine Price for everybody |
Re: Sugar War: Dangote Demands Sanction Against BUA by somehow: 8:07pm On Apr 08, 2021 |
blaise26abj: Read it again! |
Re: Sugar War: Dangote Demands Sanction Against BUA by captain247: 8:24pm On Apr 08, 2021 |
Holiegrail2: Thanks for this advise as regards cement quality. 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by TSBO: 8:36pm On Apr 08, 2021 |
dokitaeleran: No we are not YET producing enough raw material to be self-sufficient, but that's the target. BUA is a part of the Sugar Masterplan. With this new refinery, they have found a way to expand their operations without any incremental contribution to backward integration efforts. Just imagine that the other companies follows suit, before you know what's happening, the Masterplan would die off. Not saying the Masterplan is the best plan, but at least, they all agreed to and if it needs to be changed, then that should be done. Also, it seems under the license that allows BUA to be in the Free Trade Zone, they can sell refined products from the factory in the domestic market if domestic prices are arbitrarily high. That may sound good for sugar consumers as it may put a restriction on the prices Dangote and FMN can charge. However, that means you have someone who is putting relatively little effort into the Masterplan curtailing the revenues of those who are putting in more effort. Further to the last point, commodity prices can be very volatile, and in times when prices plummet, high cost producers can suffer. Just for the sake of explaining, let's say right now, raw sugar costs N10 in the global market (plus shipping and all) and costs N8 to produce domestically. If global prices fall to N5, domestic cost will likely remain at N8 (all other things being equal) cos production costs may have little or no correlation with sugar prices. On the other hand, the person who imports can reduce his price by N5 without feeling a pinch. Imagine what that does to domestic producers if such comes into the market. This is just one side of the story though, the other side is that domestic producers, because they enjoy so much protection, can raise prices to absurd levels if they are allowed to, as long as it continues to lead to higher revenues. 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by maiunguwar: 8:43pm On Apr 08, 2021 |
Holiegrail2:You are very correct.All the block industries here in Anambra state don't use dangote cement 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by Lonelypacifist6: 9:21pm On Apr 08, 2021 |
iHart:I spoke about this today, Everything is now substandard even insects don't want a taste of it. 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by winterfell007(m): 9:27pm On Apr 08, 2021 |
TSBO: That bolded part is the main issue we must desperately avoid. Dangote has shown time and again that he's a monopolist who selfish and greedy |
Re: Sugar War: Dangote Demands Sanction Against BUA by Lonelypacifist6: 9:30pm On Apr 08, 2021 |
deandavid:I've heard people say dangote's cement is low quality. I don't know why the government isn't investigating this. |
Re: Sugar War: Dangote Demands Sanction Against BUA by themanderon: 9:47pm On Apr 08, 2021 |
Does Dangote realize that the day he dies he is gona be buried with just a single piece of white material? Why all these mindless acquisition of wealth? Must Nigeria only exist for him and only him alone? |
Re: Sugar War: Dangote Demands Sanction Against BUA by edepie: 10:55pm On Apr 08, 2021 |
Nigeria don turn yam for their hand na. Clueless set of governance. aminulive: |
Re: Sugar War: Dangote Demands Sanction Against BUA by SirBunky85(m): 10:56pm On Apr 08, 2021 |
Boye33:silly submission,don't you know that some of the trucks with dangotes name are owned by some Igbo businessmen who uses dangotes name for easy passage on the roads? |
Re: Sugar War: Dangote Demands Sanction Against BUA by Nobody: 12:58am On Apr 09, 2021 |
Holiegrail2: As at 2012, Dangote cement be like chaf for those in the industry then. Block moulders know how far. 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by curtvinell: 1:46am On Apr 09, 2021 |
bobowaja:That's the truth |
Re: Sugar War: Dangote Demands Sanction Against BUA by dikeigbo2(m): 3:19am On Apr 09, 2021 |
only lazy and selfish cowards fears competition in business.....after enjoying government patronage,waiversoand monopoly for monkey decades.....selfish businessman |
Re: Sugar War: Dangote Demands Sanction Against BUA by MOBBDEEP: 9:37am On Apr 09, 2021 |
Staphylococcus: The typical shallow-mindedness & poor judgement of the Nigerian majority call for concern especially the supposed educated ones. It makes you ponder what future awaits us potentially |
Re: Sugar War: Dangote Demands Sanction Against BUA by MOBBDEEP: 9:55am On Apr 09, 2021 |
TSBO: Evolving world economies didn't get to where they are today by cutting corners. Case in point is Malaysia. BIP & SMP are laudable schemes which are part-measures to get out of economic doldrum e.g employment opportunities, more forex earnings, local earnings etc BUA is taking the easy way out, an exercise that is detrimental to good of all How does an individual go such a long way out of selfishness, self-centredness & opportunism towards personal aggrandizement without any modicum of integrity!? BUA flawed greatly here Bro Always out to quickly make cheap revenues from the nation's vulnerability! Nonsense |
Re: Sugar War: Dangote Demands Sanction Against BUA by TMKsouth: 12:49pm On Apr 09, 2021 |
JaceBlaze: Your cool emojis getting u places, I see |
Re: Sugar War: Dangote Demands Sanction Against BUA by TSBO: 1:08pm On Apr 09, 2021 |
MOBBDEEP: I think the government should have found a way to link anything sugar to the SMP.. Policy harmonisation. That way, it may be a win win.. Just the way they've done with import quotas. If you want to do export-only, show us what you've done on the BIP.. |
Re: Sugar War: Dangote Demands Sanction Against BUA by dickt(m): 1:35pm On Apr 09, 2021 |
Godchosen001:Yours is better. Here in my place in the South a bag of cement is N4000 |
Re: Sugar War: Dangote Demands Sanction Against BUA by JaceBlaze: 3:54pm On Apr 09, 2021 |
TMKsouth: What do you mean by "getting u places"? |
Re: Sugar War: Dangote Demands Sanction Against BUA by TMKsouth: 9:36am On Apr 10, 2021 |
JaceBlaze: I meant all the likes you were getting. |
Re: Sugar War: Dangote Demands Sanction Against BUA by JaceBlaze: 11:05am On Apr 10, 2021 |
TMKsouth: Didn't know it was such a big dea. |
Re: Sugar War: Dangote Demands Sanction Against BUA by TMKsouth: 11:09am On Apr 10, 2021 |
JaceBlaze: When u capture the mood with the right emoji, it is. |
Re: Sugar War: Dangote Demands Sanction Against BUA by JaceBlaze: 11:13am On Apr 10, 2021 |
TMKsouth: I was referring to the "likes" lol . |
Re: Sugar War: Dangote Demands Sanction Against BUA by TMKsouth: 11:23am On Apr 10, 2021 |
JaceBlaze: Dude there's a reason there's competition to be the first to comment on a new thread. It's all about the likes for some people. Social media life and priorities 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by JaceBlaze: 11:40am On Apr 10, 2021 |
TMKsouth: Oh I see.So it doesn't matter how dumb the comment is,as long as it's the first one it gets likes?
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Re: Sugar War: Dangote Demands Sanction Against BUA by TMKsouth: 11:44am On Apr 10, 2021 |
JaceBlaze: Just add 'xenophobia' in a South African thread and you'll get 100s of those. |
Re: Sugar War: Dangote Demands Sanction Against BUA by JaceBlaze: 12:43pm On Apr 10, 2021 |
TMKsouth: "White infrastructure" also works 1 Like |
Re: Sugar War: Dangote Demands Sanction Against BUA by TMKsouth: 12:51pm On Apr 10, 2021 |
JaceBlaze: LMAO |
Re: Sugar War: Dangote Demands Sanction Against BUA by MIKOLOWISKA: 10:20pm On Apr 13, 2021 |
AsomArchitectNG:na dem Empty barrels |
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