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Selection of Dangote, BUA, Flour Mills for Sugar Importation in Line with our Master Plan

Following misconceptions over the Central Bank of Nigeria (CBNâs) selection of Dangote Sugar Refinery, BUA Sugar Refinery, and Golden Sugar Company, owned by Flour Mills of Nigeria Plc as the sole importers of sugar in the country, the Executive Secretary, National Sugar Development Council (NSDC), Mr. Zacch Adedeji last week spoke with a select team of journalists to clarify the CBNâs decision, which he said is also in the interest of smaller Sugar companies and the Nigerian consumers, Festus Akanbi was there Recently the Central Bank of Nigeria (CBN) announced that sugar importation should be restricted to Dangote, BUA, and Golden Sugar. Many people feel this is empowering a few big players who can fix prices, What is your take?

Oyo stateAbiola ajimobiNiyi adebayoMuhammadu buhariFestus akanbiZacch adedejiNigeria ports authorityIntegration programmeCentral bankObafemi awolowo universityGolden sugar companyFlour mills of nigeria plcHarvard kennedy school of governmentNational sugar development councilDangote sugar refineryFlour mills

CBN s decision on Dangote, BUA, Flour Mills in line with our sugar master plan objectives —Adedeji, Executive Secretary, NSDC

Share The Executive Secretary, National Sugar Development Council (NSDC) and former Commissioner for Finance in Oyo State, Mr Zacch Adedeji, speaks to journalists on the restriction of sugar importation permit to three big players in the industry, his vision for NSDC, effort being made at addressing constraints to the realisation of self-sufficiency in local sugar production, among others. You were recently appointed Executive Secretary of the National Sugar Development Council (NSDC) by President Muhammadu Buhari, can you tell us about yourself, your career and the journey so far at the NSDC? I am from Iwo Ate in Ogbomosho area of Oyo State. I got my first degree in Accounting from the prestigious Obafemi Awolowo University (OAU), Ile Ife, where by the grace of God I attained First Class honours. I qualified as a Chartered Accountant of the Institute of Chartered Accountants of Nigeria (ICAN) and I later completed a Master’s degree in Accounting from OAU. More recently, I

Oyo stateAbiola ajimobiNiyi adebayoMuhammadu buhariZacch adedejiNigeria ports authorityHarvard kennedy school of governmentIntegration programmeCentral bankNational sugar development councilObafemi awolowo universityExecutive secretaryPresident muhammadu buhariIwo ateIle ifeFirst class

CBN Restricts Sugar Importation to Dangote, BUA, FMN

Obinna Chima The Central Bank of Nigeria (CBN) yesterday stated that sugar importation in the country can only be done by Dangote Sugar Refinery Plc, Golden Sugar Company, owned by Flour Mills of Nigeria Plc and BUA Sugar Refinery Limited. The central bank disclosed this in a circular dated July 16, titled: “Sugar Importation in Nigeria,” signed by the Director, Trade and Exchange Department, CBN, Dr. Ozoemena Nnaji, a copy of which was posted on the regulator’s website yesterday. The CBN hinged its reason for selecting the aforementioned sugar manufacturers on the fact that the three companies had made reasonable progress in achieving backward integration in the sector.

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CBN says only Dangote, BUA, Golden sugar can import sugar into the country

CBN says only Dangote, BUA, Golden sugar can import sugar into the country
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

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CBN restricts importation of sugar to Dangote, BUA and Flour Mills

CBN restricts importation of sugar to Dangote, BUA and Flour Mills
pulse.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pulse.ng Daily Mail and Mail on Sunday newspapers.

Ozoemena nnajiNational sugar development councilIntegration programmeDangote sugar refinery plcSugar refineryFlour mills of nigeria plcGolden sugar companyRefinery limitedFlour millsNigeria plcBackward integrationFederal governmentNigerian sugar master planBackward integration programmeGolden sugarதேசிய சர்க்கரை வளர்ச்சி சபை