This information did not trend because the youths whose job will be taken from are busy galivanting from place to place with politicians commiting various crime and attacking each other on social media.
Africa’s richest man, Alhaji Aliko Dangote, has asked the Federal Government of Nigeria to shut down the BUA sugar refinery located in Port Harcourt for alleged violation of the National sugar policy. Dangote In the petition dated 28th January 2021, accused BUA of operating with impunity by contravening the laws by selling its products locally instead of producing for export alone.
Alhaji Aliko Dangote, alongside Chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros, have said the establishment of a new sugar refinery plant in the country poses a threat to the attainment of the National Sugar Master Plan (NSMP) as well as sustainability of the country’s local sugar industry.
They argued that the country currently had enough refining capacity to meet national demand.
In a joint petition to the Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, dated January 28, 2021, the duo protested the recent commissioning of a sugar refinery in Port- Harcourt, Rivers State, which is reportedly owned by BUA International, one of the operators in the sugar industry. However, in the ensuing row among the major players in the industry, Chairman, BUA Group, Alhaji Abdulsamad Rabiu, said his investment in Port Harcourt did not in any way pose a threat to the country’s sugar policy, adding that it will rather checkmate arbitrary price increase by the major players among other benefits to the country.
In the letter, the billionaire claimed that when the BUA Sugar refinery was opened, he warned the Government and they told him that no new refinery would be allowed to operate in Nigeria’.
BUA, in its own Defence sent to the Minister of Trade, however, clarified that the law allows it to sell inside Nigeria.
Attaching the enabling permits and approval, BUA stated that because of the connivance of the two major sugar manufacturers to hike the price of Sugar during the Ramadan period, the law allows it to sell locally.
The Dangote Group in Nigeria has been enjoying Monopoly in the Cement industries, and low forex exchange below benchmark price of dollar against naira. for ages.