Days after, sending out an earlier letter to the Minister of Finance, Zainab Ahmed prohibiting the importation of sugar from free trade zones, in Nigeria, the Minister of Trade Industries and Investment, Adeniyi Adebayo has backtracked and reversed himself. Adebayo, acting on a controversial petition written to him by the[Read More…]
Tag: SUGAR
*EXPOSED: How BUA Shortchanges FG Billions In Sugar Imports*
One of the three investors in Nigeria’s Backward Integration Plan on sugar, BUA Sugar Refinery has allegedly been shortchanging the Federal Government to the tune of billions of naira, which the company enjoys as concessions on import duty and levy for raw imported sugar, by not producing an ounce of[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]