INDUSTRY
Management of Dangote Cement Plc has said yesterday that the price of its product per bag from the factory was between N2,450 in Obajana and Gboko, and N2,510 in Ibese, inclusive of VAT.
The clarification came against the backdrop recent insinuations that the company sells cement in Nigeria at significantly higher prices relative to other countries, particularly Ghana and Zambia.
Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin, who gave the clarification at an interface with journalists in Lagos, revealed that while a bag of cement sells for an equivalent of $5.1, including VAT in Nigeria, it sells for $7.2 in Ghana and $5.95 in Zambia ex-factory, inclusive of all taxes.
By Kenneth Ehigiator
Three Nigerian conglomerates – Dangote Group, Flour Mills and BUA Group are currently locked in a bitter war over production and export of sugar. Chairman of Dangote Group of Companies, Alhaji Aliko Dangote, and Chairman of Flour Mills Nigeria, Mr. John Coumantaros, had on January 28,2021, written the Minister of Industry, Trade and Investment, Niyi Adebayo, accusing BUA’s refinery in Bundu Free Trade Zone in Port Harcourt of undermining the national sugar master plan, NSMP.
BUA Group has fought back at claims by Dangote Industries Limited and Flour Mills of Nigeria that its sugar refinery “poses a threat” to the Nigerian local sugar industry.
Dangote, Flour Mills, BUA in bitter sugar war
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By Kenneth Ehigiator
Three Nigerian conglomerates – Dangote Group, Flour Mills and BUA Group are currently locked in a bitter war over production and export of sugar. Chairman of Dangote Group of Companies, Alhaji Aliko Dangote, and Chairman of Flour Mills Nigeria, Mr. John Coumantaros, had on January 28,2021, written the Minister of Industry, Trade and Investment, Niyi Adebayo, accusing BUA’s refinery in Bundu Free Trade Zone in Port Harcourt of undermining the national sugar master plan, NSMP.
BUA Group has fought back at claims by Dangote Industries Limited and Flour Mills of Nigeria that its sugar refinery “poses a threat” to the Nigerian local sugar industry.