Business
BUA Launches Raw Material Scheme For Subsidiary
BUA, one of Nigeria’s leading indigenous conglomerates, is launching a backward integration scheme in its sugar subsidiary plantation in Kogi S tate before the end of the year.
Group Executive Director of BUA Group, Kabiru Rabiu said cultivation on the land will commence in the last quarter of the year. The plantation will assist in boosting the sugar production of the group and enhance employment, and open up opportunities for ancillary industries.
According to him, the plantation is structured to generate its own power during the process of converting molasses to sugar, while provision has also been made for gas supply to fire its turbines.
BUA owns the second largest sugar refinery in Sub-Saharan Africa, located in Lagos Nigeria with an installed capacity of 720,000 metric tons per annum and is set to commission a second sugar refinery with the same capacity in Port Harcourt, Rivers State next year. The company also acquired Lafiagi Sugar Company (Lasuco), Kwara State through a privatisation exercise in 2010.
Recently, the Governor of Kogi State, Capt. Idris Wada, confirmed the allocation of land to BUA for the setting up of the proposed plantation.
Rabiu said: “We are pleased with the support of Governor Idris Wada by assisting us toward setting up a sugar plantation in Kogi State. We promise to support the government and people of the state and be a loyal and productive corporate citizen.
“The plantation will be a modern state of the art automated plant with the technology deployed from Brazil, widely known as having the best technology in sugar production and refinery”.
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
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