Group Port Harcourt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

While, a monopoly in an economy could not be described as an animate being in the same way that mythical Medusa was, its menace of destructively consuming communities renders it an altered personification of a hydra-headed monster itself. And like most fabled Gorgon monsters, a valiant heroic Titan is needed to defeat it.
In our world, the recent ‘sugar’ dispute between Dangote Industries Limited and The BUA Group is a modern-day reverberating saga of how this different form of hydra-headed monster, is being confronted and gallantly defeated by one of Nigeria’s very own indigenous Titans.
A monopoly, in any form, is truly a hydra-headed monster, which has a penchant for destroying the Nigerian dream and does not prognosticate well for the economy primarily. There are several facets that render a monopoly a hydra-headed monster, least of which is that it creates a market concentration that likely results in higher commodity prices than in a more competitive market. ....

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