BUA Sugar Refinery: Trade Minister Backtracks, Reverses Earlier Directive

The Minister of Industry, Trade and Investment, Otunba NiyiAdebayo, has reversed an earlier letter he sent to the Minister of Finance, Hajiya Zainab Ahmed, prohibiting the importation of sugar from the free trade zones into the Nigerian customs territory. The Secretary to the Government of the Federation, the Comptroller General of the Nigeria Customs Service and the Managing Director/CEO of the Nigerian Ports Authority were copied in the letter.

Adebayo’s letter was predicated on a petition to him by the chairman, Dangote Industries Limited, Alhaji Aliko Dangote; and chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros

Reacting, the BUA Group chairman, Alhaji AbdulsamadRabiu, said that his investment in Port Harcourt did not in any way pose a threat to the country’s sugar policy. Rather, he said that it would checkmate arbitrary price increase by the major players among other benefits to Nigeria.

With some agencies of the federal government acting immediately on the minister’s letter, particularly the NPA, which directed all Terminal operators to ensure strict compliance with the directive in a letter dated 8th April. This is despite the court order obtained by BUA refraining the ministry and all the agencies including the NPA from disturbing its operations pending the outcome of the court case.

However, some government agencies hastily acted on the letter without recourse to the court order in a move that insiders say embarrassed the government.

According to credible sources, Adebayo has written a letter to the Minister of Finance, rescinding his earlier directive while asking every agency of government concerned to stay action on the matter.


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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