BUA, Dangote settle rift over sugar pricing

The rift between President of Dangote Group, Aliko Dangote, and his counterpart at BUA Group, Abdulsamad Rabiu, has been resolved, with the intervention of Governor Abdullahi Ganduje Aminu Dantata.

The two business moguls from Kano had been enmeshed in war over the control of sugar price in the past two months, which was creating artificial scarcity of the product.

In a statement to journalists in Kano on Thursday, the Chief Press Secretary to the Governor, Abba Anwar, revealed that the two influential figures have finally agreed to sheathe their swords in the interest of consumers.

During the reconciliation meeting at Kano Governor’s Lodge, Asokoro, Abuja, on Wednesday, the two moneymen reportedly debunked rumours that they were in dispute over sugar control in the country.

They denied that Dangote was planning to increase sugar price and pressuring BUA to buy into the plan, the statement noted.

Dangote and Rabiu reportedly described the allegation as baseless.

“The meeting was seen as the climax of similar efforts in the past to reconcile the two giants by the governor and Dantata that played the role of a father during the meeting.

“Present at the meeting were the Minister of Commerce, Trade and Investment, Mr Niyi Adebayo; representative of the Kano Emirate, Alhaji Aminu Dan Agundi; Chairman of the Council of Kano Imams, Sheikh Muhammad Adamu; the Chief Imam of Sheikh Ahmadu Tijjani Friday Mosque, Kofar Mata; and the Chairman of Nigeria Export Processing Zones Authority, Adamu Panda.”

The statement added that the two business moguls agreed to work together as brothers for national growth.

Dangote and Rabiu reportedly assured that, henceforth, there would be no differences that could cause any disharmony between them.

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