{"id":33252,"date":"2021-05-07T09:02:13","date_gmt":"2021-05-07T08:02:13","guid":{"rendered":"https:\/\/everyday.ng\/?p=33252"},"modified":"2021-05-07T09:02:13","modified_gmt":"2021-05-07T08:02:13","slug":"dangote-flour-mills-bua-sugar-trade-war-minister-reverses-self-on-directive-over-importation","status":"publish","type":"post","link":"https:\/\/everyday.ng\/?p=33252","title":{"rendered":"Dangote\/Flour Mills\/BUA Sugar trade war: Minister reverses self on directive over importation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>BUA SUGAR REFINERY LATEST: TRADE &amp; INDUSTRIES MINISTER ADEBAYO REVERSES EARLIER DIRECTIVE ON SUGAR IMPORTATION FROM FREE TRADE ZONES INTO NIGERIA<\/strong><br \/><br \/>Days after, sending out an earlier letter to the Minister of Finance, Zainab Ahmed prohibiting the importation of sugar from free trade zones, in Nigeria, the Minister of Trade Industries and Investment, Adeniyi Adebayo has backtracked and reversed himself.<br \/><br \/>Adebayo, acting on a controversial petition written to him by the Chairman Dangote Industries Limited, Aliko Dangote and Chairman, Flour Mills of Nigeria PLC, Mr John Coumatros had written a letter which he copied the Managing\u00a0 Director Nigeria Ports Authority, Comptroller General of Nigeria Customs Service as well as the Secretary to the Government of the Federation prohibiting the importation of sugar from the country\u2019s Free Trade Zones. This move was targeted at BUA sugar refinery as well as investments.<br \/><br \/>Recall that BUA Group Chairman, Samad Rabiu had reacted to the petition by revealing that his investments in sugar, especially the Port Harcourt project did not pose any threat to the country\u2019s sugar policy. According to Samad Rabiu, his was project\u00a0 indeed, meant to checkmate arbitrary increase in prices and which will ultimately benefit the ordinary Nigerian on the street.<br \/><br \/>Curiously,some agencies of the Federal Government especially\u00a0 the NPA, had acted on the Minister\u2019s directive by directing all Terminal\u00a0 operators to ensure strict compliance with the Minister\u2019s order, despite a court injunction refraining not only the Ministry but all government agencies from disturbing its operations pending the determination of a suit filed by BUA group.<br \/><br \/>The move to disrupt BUA\u2019s activities depsite the injunction clearly embarrassed the government, hence Adebayo\u2019s quick reversal of his earlier stance and letter to the Finance Minister directing that the action be stopped.<br \/><br \/>As for Hadiza Bala Usman who was in a hurry to overlook the court order, she has since been suspended from office as the Managing Director of the Nigeria Ports Authority while an Acting CEO has been appointed in person of Mohammed Koko, the erstwhile Executive Director, Finance and Administration.<\/p>\n\n\n<p class=\"wp-block-paragraph\">\u25aa\ufe0e Report by <strong>Abujareporters.com.ng<\/strong><br \/><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BUA SUGAR REFINERY LATEST: TRADE &amp; INDUSTRIES MINISTER ADEBAYO REVERSES EARLIER DIRECTIVE ON SUGAR IMPORTATION FROM FREE TRADE ZONES INTO NIGERIA Days after, sending out an earlier letter to the Minister of Finance, Zainab Ahmed prohibiting the importation of sugar from free trade zones, in Nigeria, the Minister of Trade Industries and Investment, Adeniyi Adebayo [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":33254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3348,3210,3211],"class_list":["post-33252","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-adebayo","tag-bua","tag-sugar"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/33252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33252"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/33252\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}