Nigeria Breaking News

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Oxymoron of Nigeria’s Sugar Policy: Taxing Supply While Promoting Demand

Recognising the vital role of the sugar industry and the need to reduce Nigeria’s reliance on sugar imports, the government in 2012, made an audacious move to boost local sugar production. This involved the strengthening of the existing sugar plants, establishing new ones, and supporting sugarcane farmers with credit, supplies, and better infrastructure. In line …