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Kano state governor, Abdullahi Ganduje, has waded into the sugar war between Dangote and BUA. The two companies owned by Aliko Dangote and Abdul Samad Rabiu, both of who are from the state.
In a statement on Thursday, Abba Anwar, the governor’s chief press secretary, said the reconciliation meeting took place in Abuja, on Wednesday.
In a joint letter to the minister of industry, trade and investment, Dangote Industries Limited and Flour Mills of Nigeria had claimed that BUA’s sugar refinery poses a threat to the Nigerian local sugar industry.
They also alleged that the sugar refinery undermines the national sugar master plan (NSMP), a policy road map for sugar production.
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Sugar War: Ganduje, Kano leaders wade in; meet Dangote, Rabiu
The dispute between the duo is over who controls the sugar market in Africa’s biggest economy. 3 min read
The latest clash between two of Nigeria’s richest men, Aliko Dangote and Abdul Samad Rabiu, over sugar production in Nigeria has been settled by Governor Abdullahi Ganduje of Kano and Aminu Dantata, a prominent northern billionaire who is Mr Dangote’s uncle.
PREMIUM TIMES earlier reported that the dispute between the duo is over who controls the sugar market in Africa’s biggest economy.
While Mr Dangote accuses his competitor of attempting to appropriate an undue advantage, Mr Rabiu says Africa’s richest man wants to monopolise the market and manipulate prices. Mr Dangote denied the price-fixing allegation in a statement.