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sugar import waiver

Nigeria spends N400bn on raw sugar import in four years

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sugar

Nigeria spent a total of N400 billion on the importation of raw sugar from 2013 to 2016, Abiodun Olasupo, chairman, House of Representatives Ad hoc Committee investigating waiver to certain companies on sugar importation has said. He lamented the huge volume of importation in spite of the waivers meant to enhance local production and ensure […]

Reps probes $5bn under remittance by CBN, sugar import waiver abuse

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The House of Representatives ad hoc committee constituted to investigate the Central Bank of Nigeria (CBN) for alleged under remittance of over $5billion into the federation account began its work at the weekend. The ad hoc committee, headed by the Chairman House Committee on Customs, Hon James Faleke, has fashioned out a work plan on […]