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Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA (30095 Views)

Dangote Unable To Complete Refinery By 2023 Over 'Cash Constraints' - Report / Aliko Dangote Visits Sugar Refinery And Plantation In Kwara State / Dangote Is Selling Dangote Flour Mills For N130 Billion ($361.11 Million) (2) (3) (4)

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Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Pharovo(m): 10:12am On Apr 09, 2021
Oya gimme link

Kingofdiamond:
Dangote angry



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Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Martinsville(m): 10:18am On Apr 09, 2021
Kingofdiamond:
Dangote angry



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Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Delpeiro: 10:22am On Apr 09, 2021
Northerners agaaain!!
Tufiakwa !!!
Northerners can never be United , Northerners don't love theirselves
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Kingofdiamond: 10:23am On Apr 09, 2021
Pharovo:
Oya gimme link

Can't because this naira land not will ban me
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by sunnychibs(m): 10:25am On Apr 09, 2021
Kingofdiamond:
Dangote angry



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Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by duni04(m): 10:27am On Apr 09, 2021
AlhajiBitcoin:


The laws establishing the export processing zone where the BUA plant is located empowers BUA to import raw materials and add value to them through processing and re export them. BUA s factory is export focused and he can also sell in Nigeria at times of scarcity or excessive price hikes.

This is exactly Dangote's petition against Ibeto in cement.
You can only import raw materials for sugar if you have proof that you already have a strategy for producing those raw materials in future. BUA is hiding under this guise to import the raw material and then export the sugar at a serious profit. If you import raw materials without a backward integration strategy you pay billions in customs duties and levies. But BUA has gotten a discount by simply pretending to have an import substitution plan. That refinery in PH was made solely for export. He is taking advantage of a law that aims to promote local production, and simply granting himself discounts to the detrimebt of other local players. The others are not mugus.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by soso22(m): 10:30am On Apr 09, 2021
IT WILL NEVER BE WELL WITH OBJ
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Mikesparkle7(m): 10:31am On Apr 09, 2021
livebyday:
[s][/s]stupid dry joke

It's not funny
Bros Abeg no be me dey responsible for your family problem and life failures. Carry your wahala and emotional trauma move ahead.
Ewu grin
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by LordOfTheGame: 10:37am On Apr 09, 2021
Dangote is just a pure evil and greedy naked ass illiterate. He has impoverished more Nigerians than buhari and he's in serious competition with fulani terrorists in killing innocent Nigerians with his truck's accidents every now and then.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by OlawaleBammie: 10:44am On Apr 09, 2021
Kingofdiamond:
Dangote angry



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Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by soojar(m): 10:46am On Apr 09, 2021
aminulive:
Monopoly: How Dangote, Coumantaros Attempted To Destroy BUA's New Sugar Refinery
/

It's very easy, Dangote can pull out of the industry if in his wisdom he believes 3 refineries are too many in the industry
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by ilemona4u: 10:48am On Apr 09, 2021
Kingofdiamond:
Dangote angry



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Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by justmondris: 10:48am On Apr 09, 2021
Leun:
I'm sure lots of people here didn't read the whole epistle.

So I just realised that, there are certain business requirements that only the president can approve, interesting.
It is because of corruption
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by codemaniacs: 10:49am On Apr 09, 2021
chrisifeanyi:
He tries to subdue other business to grow. African richest man my foot

Same thing the f:ulanis do with agriculture; they attack farmers and destroy farms to subdue other farmers so that f:ulani farmers become the only farmers in Nigeria.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by CodeTemplar: 10:54am On Apr 09, 2021
Dangote and flour mills are right here.
FG wants self sufficiency but BUA is talking the shortcut and importing semi processed sugar can to refine thereby weakening the drive of FG towards self sufficiency.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by NamelessOGBENI(m): 10:56am On Apr 09, 2021
Never a fan of Dangote anyway...
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Theoarhics: 10:58am On Apr 09, 2021
Dangote is the richest problem we have in Nigeria.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Nobody: 11:04am On Apr 09, 2021
angry Nigerian are usually emotional lots, Flour Mill and Dangote petition the Trade Ministry to protect their interest because someone isn't playing according to the Rules. Flour Mill is one of the biggest farmer in Nigeria as at today and having being to Numan in Adamawa I could see first hand what Savannah Sugar was like before and after it was taking over by the Dangote Group, especially in terms of Job creation for the locals. I had always know Oga Rabiu despite being Alhaji junior brother has make up his mind to copy and do everything Alhaji does, which is not bad on it's own, but this idea of black mail is unacceptable, how can you say "because you refuse to reduce price during Ramadan " , as if most sugar consumers are not mostly industrial clients.
At the end it is country like Brazil supplying unrefined raw sugar to be refined in Nigeria that would benefit at the detriment of our local farmers and communities. The idea of being in an Export Processing Zone is not a good enough excuse to jettisoned the Back Integration Policy. If not for Children that would miss Coke and Fanta, I would have prefer Government give zero allocation to the import of unrefined raw sugar into the country
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Omobada(m): 11:21am On Apr 09, 2021
Kingofdiamond:
Dangote angry



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Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by icedbreez(m): 11:22am On Apr 09, 2021
This dangoat is despicable.

Is like saying there is ENOUGH supply of maggi in the market and so the FG should not allow other company to manufacture maggi.

What happened to free Market?

He ll do very well in China or Russia.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by lozanni(m): 11:24am On Apr 09, 2021
The government should investigate the issue and apply the right rules that will benefit the country and the masses.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by RMoneyInTheBank: 11:29am On Apr 09, 2021
ezenwajosh:
Northern fighting his brother


I thought there's unity in the north


Fighting your own brothers business
..is time we grow beyond such assertion


You call it northern thing yet the company is in port Harcourt...
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by tidoabdul(m): 11:48am On Apr 09, 2021
dangote don't like competitors
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by chikason22(m): 11:50am On Apr 09, 2021
Mikesparkle7:
I don't know why only one man can decide to be this greedy sad angry
Meanwhile :
Kunle stole a goat, he was arrested and taken to court.

JUDGE: Gentleman, are you guilty or not guilty?

KUNLE: My Lord, I’m not guilty.

JUDGE: How come you were arrested and brought before the court for stealing a goat?

KUNLE: My Lord, I was just passing by Mr. Darlington's house and I saw a very big rope tied to a tree. I said to myself, "maybe the tree is trying to commit suicide," so I rescued the tree and took the rope home. My Lord… I swear I didn’t realise there was a goat tied to the rope until now! grin grin cheesy

Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by wolement: 11:52am On Apr 09, 2021
When dangote is done with his refinery . Fuel price will increase. He will simply create another monopoly there.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by wolement: 11:53am On Apr 09, 2021
RMoneyInTheBank:
..is time we grow beyond such assertion


You call it northern thing yet the company is in port Harcourt...

Some people like destroying businesses at the slightest provocation.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by brainhgeek(m): 11:58am On Apr 09, 2021
If this is true, then,I can only pray that God should break all the monopolistic strongholds in this country
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Nobody: 12:20pm On Apr 09, 2021
Monopoly power wont last forever, the south south deserves a sugar factory, we cant be at the mercy of the North for sugar.

This country is too big for 1 refinery, 1 cement company and 1 sugar company.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by brandsoncharlie: 12:22pm On Apr 09, 2021
jimi4us:
Dangote makes money from monopoly, any industry government cannot help him monopolize, he loses flat down.

Just like Dangote Spaghetti, noodles and Spices
Now he wants sugar to himself.

I've beginning to believe that he's oil refinery won't solve Nigeria problem for cheaper fuel.
grin grin make una dey support am.
The finance minister said it that he will sell with reference to international price.
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by shiwex: 12:24pm On Apr 09, 2021
AlphaSentinel:
Dangote is pure evil...BUA is a neat refined businessman...not a gangster...

BUA did not stick to the original plans, he kept importing raw materials instead of developing local farms..........
Re: Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA by Elliotwaveforec: 12:36pm On Apr 09, 2021
Bus making sugar affordable for us but the other two are just too greedy; they want sugar to go the way of cement. Dangote and Comontaroun careless about consumers.

These people import raw sugar but Bua wants grow sugarcane and process into finished goods and these monopolists are kicking against it.

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