Dangote, Flour Mills at war with BUA over Sugar Refinery in Port Harcourt

◊ The duo say it against the national master sugar plan, but BUA says it will bring down sugar costs   Africa’s richest man and Chairman of Dangote Industries Limited, Alhaji Aliko Dangote, and the Chairman of Flour Mills of Nigeria Plc, Mr. John Coumantaros, are angry over the establishment of a new sugar refinery […]

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Flour Mills explain roles in boosting local sourcing of raw materials

By Franklin Alli “Due to government’s backward integration policy and effort of key players in the Nigerian manufacturing industry, local sourcing of raw materials in Nigeria has increased from 47.2% in 2014 to 60.23% in 2018 according to a survey conducted by MAN.” With these words, John Comantros, Chairman Flour Mills of Nigeria Plc,  explains […]

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Nigerian sugar regulator woos foreign firms for investment

*Records 18,000 jobs in three years By Franklin Ocheneyi  “Mr Chairman, let me use this opportunity to once again call on interested members of the International Sugar Organisation (ISO) to come to Nigeria and invest in the sugar sector. I want to assure prospective investors that the government policy of Nigeria Sugar Master Plan (NSMP) currently […]

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