Dangote Sugar Refinery In Niger State Shut Down - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › Dangote Sugar Refinery In Niger State Shut Down (27526 Views)
| Re: Dangote Sugar Refinery In Niger State Shut Down by 9jaRealist: 1:33am On Mar 14, 2021 |
zigzagluv:Please quit spreading disinformation... The land was LEASED to Dangote Sugar in 2017 under the Land Use Act. > |
| Re: Dangote Sugar Refinery In Niger State Shut Down by Amb1045(m): 1:53am On Mar 14, 2021 |
zigzagluv:they should find a way to come to terms. the villagers might not be wrong to say they want to lease the land instead of selling but they will still gain it even if they sell the land to him. job opportunities, I believe the community will be developed due to influx of workers |
| Re: Dangote Sugar Refinery In Niger State Shut Down by seyz91(m): 1:59am On Mar 14, 2021 |
![]() MadBrain: |
| Re: Dangote Sugar Refinery In Niger State Shut Down by engrfaruq(m): 4:30am On Mar 14, 2021 |
Agbegbaorogboye:Now that he's packed up, let them lease the land to bandits |
| Re: Dangote Sugar Refinery In Niger State Shut Down by Nobody: 6:14am On Mar 14, 2021 |
9jaRealist:Why hasn't BUA closed down any business? Dangote closed down his flour mill and now his sugar company... Any business he is not allowed to run alone he struggles. He is no business man. |
| Re: Dangote Sugar Refinery In Niger State Shut Down by 9jaRealist: 6:28am On Mar 14, 2021*. Modified: 6:52am On Mar 14, 2021 |
NetValueFX:Dangote did NOT close down his flour mill... He sold it to Olam International (the multinational food conglomerate) at a tidy PROFIT. Dangote is also NOT closing down his sugar business... Dangote Sugar is a publicly-listed company on the NSE. It is only closing down one out of its FOUR sites because of a protracted land dispute. The company obviously does not need the headache when there are other potential sites available. This is no different from the international oil companies who have mostly exited onshore fields because of protracted militancy. > |
| Re: Dangote Sugar Refinery In Niger State Shut Down by 9jaRealist: 6:48am On Mar 14, 2021 |
NetValueFX:Meanwhile, there’s NO business that Dangote “runs alone” in Nigeria... Cement: BUA Group, Lafarge (the world’s BIGGEST cement producer, in Nigeria since the 1950s/60s), Ibeto; Sugar: BUA Group, Flour Mills (Golden Sugar), Josepdam, etc; Tomato Paste: GB Foods (multinational in more than 55 countries); Erisco Foods, Tomato Jos, etc.; Oil Refinery: NNPC (4 refineries). Orient, Waltersmith, more than 28 licenses granted BEFORE Dangote; Petrochemicals: Indorama (Singapore-headquartered multinational), Warri Petrochemicals (NNPC), etc.; Fertilizer: Notore (with Orascomm, and the IFC as key investors), Flour Mills (Golden Fertilizer), Kaduna Superphosphate, etc.; and Rice: Olam International, Stallion Group, Choscharis Group, Kereksuk, Onyx, etc. > |
| Re: Dangote Sugar Refinery In Niger State Shut Down by Rolexjerry(m): 8:03am On Mar 14, 2021 |
What now is the fate of the workers there? |
| Re: Dangote Sugar Refinery In Niger State Shut Down by clothingonline(m): 8:15am On Mar 14, 2021 |
slawormiir:We have 4 companies producing sugar in Nigeria 5 cement companies noddles and spaghetti more than 5 Read your book to know the meaning of monopoly |
| Re: Dangote Sugar Refinery In Niger State Shut Down by sulaak(m): 8:56am On Mar 14, 2021 |
FreeSpirited:Its time to use blockchain to manage land contract |
| Re: Dangote Sugar Refinery In Niger State Shut Down by FreeSpirited: 8:58am On Mar 14, 2021 |
sulaak:Smart contract is the future, though still at its infancy. It will take time much more for governments that have prejudice toward cryptocurrency |
| Re: Dangote Sugar Refinery In Niger State Shut Down by Nobody: 9:37am On Mar 14, 2021 |
9jaRealist:You and google sha ![]() Google didn’t tell you that Dangote’s largest threat in fertilizer is Indorama. Ba? Let’s see how he can succeed in fertilizer and petrochemicals that Indorama has a tight grip on. Google didn’t tell you that Waltersmith is not focusing on PMS but Kerosene and Diesel. Ba? So how can they be in the same market as Dangote that will largely be in PMS? Only a mad man will want to build a modular 10k bpd refinery to compete with a 650k bpd mega refinery that will produce more than the total demand for PMS in Naija. Did you ask google why nobody went into refinery before Dangote? Google won’t tell you that it made no sense for any oil majors to build a refinery in a market where government was regulating prices. Google didn’t tell you government deregulated the downstream sector just to favour Dangote who wouldn’t have touched that sector otherwise. Google didn’t tell you that in Cement, Tomato, Rice, Sugar, government had to ban imports to make the sectors favorable for Dangote. Dangote would never had succeeded in those sectors without the help of government. Same government that allowed incumbent companies to compete with imported products before Dangote. Just thought to give a puppy a little more education than it will find on the internet ![]() |
| Re: Dangote Sugar Refinery In Niger State Shut Down by mfm04622: 6:09pm On Mar 14, 2021 |
9jaRealist:Yes! There were issues with Dangote tomatoes out grower scheme! Also, the land was given to them free, with other incentives! You are talking of CBN incentives. Did Saraki offer same incentives to local farmers? If any land initially given to them was taken back, it was taken back by same Saraki that gave them! |
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