Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,661,114 members, 6,249,426 topics. Date: Monday, 19 April 2021 at 01:45 PM

Sugar War: Dangote Demands Sanction Against BUA - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Sugar War: Dangote Demands Sanction Against BUA (33762 Views)

BUA's Sugar Plantation: A Reply To Chika Mbonu / BUA Group To Build 200,000bpd Refinery And Petrochemical Plant / $300M BUA Sugar Factory In Kwara Is Nearing Completion. PHOTOS (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: Sugar War: Dangote Demands Sanction Against BUA by Usmankno: 2:17pm On Apr 08
Wickedfacts:
An ordinary mai suya or okada rider has more business acumen than Dangote. Give a blind and deaf man monopoly in business and he will do better than Dangote.

Dangote has failed in all the businesses where he doesn't have monopolies. Noodles, juice, tomatoes. Even his pasta is the worst in the market with excess starch.

His sack-making company has folded up, he assembles trucks and they are the worst in the market as no one buys them. If you ever tasted Dangote Noodles, it tastes exactly like Dangote's business acumen. Terrible.

Even Dangote cement is the worst in the industry. Dangote has his major factory in Ogun state. Do you ever see Lagos or Ogun state Governments use Dangote cement on any of their projects?

Go and pull up pictures of buildings under construction in Lagos that collapsed. Check the brand of cement bags seen on the ground.

Outside Nigeria, Dangote's businesses are failing and not able to pull profit like Nigeria. That is because their governments are sensible enough to protect their citizens from a destructive monopolist.

Meanwhile, I don't pity BUA. When Dangote was doing same to Nkalagu cement company, Ashaka Cement, Benue Cement company, Ibeto cement and others, BUA and others kept quiet. Today, he has turned against his own brother from Kano.
concur..
Re: Sugar War: Dangote Demands Sanction Against BUA by bobowaja(m): 2:19pm On Apr 08
mariahAngel:


As in...

Like his pastas for example; TOTAL RUBBISH! YUCK!
He is a govt made billionaire.

1 Like

Re: Sugar War: Dangote Demands Sanction Against BUA by extol1(m): 2:22pm On Apr 08
RMoneyInTheBank:
..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 brainmax2000: 2:29pm On Apr 08
Staphylococcus:

Tell Bezos same!
bezos is doing same in the USA
Re: Sugar War: Dangote Demands Sanction Against BUA by abatical(m): 2:36pm On Apr 08
Nathan85:

He is naijas major problem not just 1 of the problems brother, spit it as it is.
Thank you broda, that man is too greedy
Re: Sugar War: Dangote Demands Sanction Against BUA by Lex620: 2:40pm On Apr 08
FrankBass281:
Four years Facebook account for sale
How much
Re: Sugar War: Dangote Demands Sanction Against BUA by UnabashedIPOB: 2:43pm On Apr 08
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
iHart:
I am not talking about Dangote sugar alone. I am referring to these new sugars we have in the market including the Dangote sugar. There seems to be something they are doing that is not correct.

You mean the GMO sugar
Re: Sugar War: Dangote Demands Sanction Against BUA by Funkybabee(f): 2:50pm On Apr 08
Na dangote be una problem for now
Re: Sugar War: Dangote Demands Sanction Against BUA by charlesucheh(m): 3:16pm On Apr 08
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: 3:22pm On Apr 08
MIKOLOWISKA:
you nko. Are you not after your self interest?
Keep quiet I wasn't talking to you undecided
Re: Sugar War: Dangote Demands Sanction Against BUA by TSBO: 3:29pm On Apr 08
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
iHart:
Because he can't buy them over.

I doubt if what they are giving us today is Sugar.

In the days of St. Lious, once you get the sugar pack open, there is this big ants that comes to eat the sugar. But in today's sugar, if bring out the sugar and keep on the desk, the big ants doesn't come. Even if you take the sugar outside and still urinate on it, the big ants doesn't come.

Back in those days, when you dip a cube of sugar in water and put in pap, you can easily dissolve it with a plastic spoon. But today's sugar is as hard as stone. Even after dipping it in water, iron spoon still finds it difficult to dissolve it.

Two cubes of St. Lious use to turn my tea very sweet but three of these new generation sugar doesn't get my tea as sweet as before?

Is what we are taking today really sugar?

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 Dvin(m): 3:39pm On Apr 08
People are beginning to realize Dangote's antics.
Re: Sugar War: Dangote Demands Sanction Against BUA by staga: 3:53pm On Apr 08
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
TSBO:
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.

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
Bar1941:
Dangote should stop this bullying attitude and engage in productive competition.

Nigerian government should wake up from this nepotic act of monopolizing almost every production sectors under the control of a man, if such a man has a problem or demises, that will pose a great danger to the county's economy. The late business mogul MKO is a typical example. Free-trade system should be encouraged in our production sectors.

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
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
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 grin may God place us in a position where the gathering of detractors can not affect us! grin grin

1 Like

Re: Sugar War: Dangote Demands Sanction Against BUA by chandini435: 4:07pm On Apr 08
:..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
iHart:
Because he can't buy them over.

I doubt if what they are giving us today is Sugar.

In the days of St. Lious, once you get the sugar pack open, there is this big ants that comes to eat the sugar. But in today's sugar, if bring out the sugar and keep on the desk, the big ants doesn't come. Even if you take the sugar outside and still urinate on it, the big ants doesn't come.

Back in those days, when you dip a cube of sugar in water and put in pap, you can easily dissolve it with a plastic spoon. But today's sugar is as hard as stone. Even after dipping it in water, iron spoon still finds it difficult to dissolve it.

Two cubes of St. Lious use to turn my tea very sweet but three of these new generation sugar doesn't get my tea as sweet as before?

Is what we are taking today really sugar?
grin grin grin grin grin
Re: Sugar War: Dangote Demands Sanction Against BUA by naija1stnigar(m): 4:22pm On Apr 08
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
blaise26abj:


Quick question, will you move to any other telco if one of them gives you a better service at A CHEAPER rate than the one you are currently using ?
No one is fighting MTN , Glo and the rest because the Market is free and fair .
Why do you think people are against DSTV . Monopolistic tendencies using Premiership etc
This is the same reason people seem against Dangote . He has proven that he is very monopolistic which ultimately is not good for the country

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
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
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
I support anything that will end his monopolistic tendencies

Re: Sugar War: Dangote Demands Sanction Against BUA by wyqay: 4:48pm On Apr 08
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
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
iHart:
The chemicals we are taking in the name of food in this our generation is really taking a toll on us.
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
He is nothing but a greedy man who will die one day and leave all these wealth.
bobowaja:
Dangote and his silly monopoly. He can't compete fairly (even against his own people). I use to respect this man before now until I begin seeing him as a greedy individual. He is worst than a capitalist.

Na to deh short-change everyone cos he get people for high places. No be say na so him product good, they just give him the market and push down his substandard goods down on everyone.

Paadi paadi govt.

1 Like

Re: Sugar War: Dangote Demands Sanction Against BUA by NetValueFX: 5:50pm On Apr 08
Holiegrail2:
This Dangote man seems to be extremely greedy.

I am an Architect and a builder, I always prefer BUA cement to Dangote. The two no be mate for quality.
Hahaha, Dangote na cement? Any Engineer that uses Dangote cement needs his qualification questioned!

(1) (2) (3) (4) (5) (6) (Reply)

See Some Of Nigeria's Richest Men In One Photo / UBA Bans The Use Of ATM For Some Transaction Such As Betting And Many Others / BVN: Frequently Ask Question

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 271
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.