BUA Cement has said that it was not granted blanket approval to export cement despite a land border closure but was given limited approval by the Federal Government to export to Niger Republic due to proximity to its cement plant.
BUA disclosed this in a social media statement on Tuesday evening after reports that both BUA and Dangote were given approvals to trade through Nigeria’s borders that have been closed since October 2019.
“This is why some of us argue that the Nigerian economy is rigged in favour of a handful of well-connected persons,” he added.
A Nairametrics report on Tuesday disclosed that BUA Cement Plc received a waiver from the government for the export of Cement to the Niger Republic via the Sokoto Border.
This was first disclosed in an earnings call held in July which provided investors with details on the second-quarter results of BUA Cement Plc. Nairametrics has also seen a letter from Customs approving the waiver.