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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. ....
Backward integration in sugar industry at crossroads vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Group Executive Director of BUA Group and pioneer Chairman of the Nigerian Sugar Institute, Kabiru Rabiu, has advised the Federal Government to replicate the NSDC in the rice sub sector and other food industry sectors with growth potential. ....
Translate Home » News » Rabiu urges FG to replicate the Nigerian Sugar Devt Council in the rice sector Rabiu urges FG to replicate the Nigerian Sugar Devt Council in the rice sector On Kindly Share This Story: Kabiru Rabiu Group Executive Director of BUA Group and pioneer Chairman of the Nigerian Sugar Institute, Kabiru Rabiu, has advised the Federal Government to replicate the NSDC in the rice sub sector and other food industry sectors with growth potential. Rabiu made this suggestion during the commissioning of the Nigeria industrial Policy and Competitiveness Advisory Council (Industrial Council) in Ilorin, Kwara State. According to Rabiu, NSDC’s supervisory and coordination role in the sugar industry has been highly beneficial and is a model that should be replicated in other sectors. Currently, the NSDC coordinates the activities of the Nigerian Sugar sector through monitoring of the backward integration and import sub ....
Punch Newspapers Sections Tunde Oyekola Ilorin Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has said that the Bacita Sugar Company, the first Nigerian sugar manufacturer, would start production again in 2023. Adebayo while Speaking at the official commissioning of the Nigeria Sugar Institute at Jimba-Oja in Ifelodun Local Government Area of Kwara State said the commitment of the Federal Government to partner with private investors in sugar industry would accelerate industrialisation and hasten the economic growth of the country. The minister said that investment already made by the Federal Government and the private sector in sugar industry was capable of creating over 100,000 jobs in agriculture and manufacturing sectors. ....