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Residents bemoan BUA’s investment in Lafiaji Sugar Company …Calls for FG’s intervention

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BUAA

Residents of Lafiagi community in Edu local government area of Kwara state have expressed concern over the moribund state of BUA sugar refinery, formerly known as Lafiagi Sugar Company.
For the company to survive, the residents appealed to the Federal Government to compel BUA to commence its operations with immediate effect or revoke their ownership.

It would be recalled that the BUA group changed the name of the company to BUA Sugar refinery after successfully taking over the company and is already benefitting from the concessions the Federal Government has given to Sugar importers to encourage them produce locally.

The company liquidated and bought over by BUA group of companies was last operated fifteen years ago, it used to be the only major company in which scores of members of Lafiagi community and its environs were offered gainful employments.

For the residents of the Community and its environs however, the tale, since the take- over is that of anguish and pain as the company is yet to operate and impact significantly and positively into the lives of the people in the community. The Company is now a shadow of itself as most of the staff have been laid off.

A retiree of Edu local government and a native of the community, Mr Saliu Musa in an interview with journalists recalled that during the days of the Lafiagi Sugar Company,no fewer than 500 residents were employed. He said: ‘’When the company was operational, older and younger ones no fewer than 500 were employed. The company was working very well then. But since the take-over by the new management, they have sent the staff away and most of them have resorted to doing any menial jobs available’’ he said.

He further said ‘’When the company stopped working, all those working were sacked and had nowhere to go. Some went back to farm, others joined Okada riders and many went into petty trading among others’’.

Kayode Buraimah, a youth leader in the area expressed utter disappointment that Bua had not done anything to revive the company since it bought it over.

Said he; we were happy when the company was sold to BUA thinking it will be brought back to life. It’s unfortunate that since then, the Company just abandoned the Sugar refinery which is contrary to terms and conditions upon which the federal government sold the company. We the youths are jobless and yet we have an avenue for job here wasting away.

“We all submitted out CV , even recently to the emir as instructed so that we can be employed but since then, it has been one story or the other”

He therefore urged the management to do everything within its means to ensure that Lafiagi Sugar Company is returned back to its glorious days so that it could offer more employment opportunities to the teaming youths of the area and thereby enhance the nation’s economic development.

A visit to the company however revealed that nothing much has been done in the company. A source, who works for the company and pleaded anonymity said with what is on ground, no serious activity can happen in the company until the next three years.

“As you can see, we have not really started anything here. The truth is that most of the equipment are yet to arrive. As soon as we have the equipment needed for the sugar plantation, we will employ more people and operation will start”

It will be recalled that the National Sugar Development Council (NSDC), recently accused BUA group of taking advantage of the federal government’s concessions designed to help sugar importers transform into integrated sugar producers, without actually making tangible effort to begin to produce locally.
The Executive Secretary of the council, NSDC,  Dr. Abdullatif Demola Busari, also recently lamented that “By now, it supposed to have over 400 hectares of planted sugar cane in the site. It is supposed to have brought in its machineries by now. That is, by March 2015, it is supposed to have imported it’s machineries but nothing like that has happened,” Busari  said.

All efforts to however speak to the General Manager of BUA sugar refinery in Lafiaji, Mr Isiaku Samuel, proved abortive as he was said to have been attending meetings all through.

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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