The Minister of Trade announced recently that Nigeria had been losing about N568 billion yearly to importation of brown sugar, representing 98 per cent of brown sugar consumed in the country.
The Federal Government of Nigeria through the Minister of Trade & Investment, Mr. Olusegun Aganga, announced on the 16th December, 2012 that the Government will ban the importation of packaged sugar (finished cube and granulated) into the country this year 2013. The prohibition is in line of the new sugar policy intended by the government to replicate the success achieved with the backward integration policy in the cement industry.
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