FG begins implementation of Backward Integration Policy in sugar industry

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Federal Government has commenced the implementation of the Backward Integration Policy (BIP) in the sugar industry with the approval of the plans and projects by three sugar refineries in Nigeria.

The Minister of Industry, Trade and Investment, Mr Olusegun Aganga, performed the signing-off ceremony in Abuja on Tuesday with the representatives of Dangote Sugar Refinery, BUA Group and Golden Sugar Refinery.  

The Federal Executive Council had on Oct. 19, 2012, approved the Nigerian National Sugar Master Plan (NSMP). The NSMP is expected to generate about 170,000 new jobs across the country, ensure self sufficiency in sugar production, and conserve about $350 million annually in foreign exchange.

According to the plan, the sugar industry is also expected to produce about 1,797,000 tonnes of the commodity annually.

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Website Helps Students Find ‘Sugar Daddies’ to Pay for University

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Students (preferably women) who are having an awfully hard time paying for college have to look no further. SeekingArrangement.com is a website dedicated to creating what it calls ‘beneficial’ relationships in which both partners get what they need. The deal is, if one member offers companionship the other member will offer to pay for their education. The website doesn’t hide its intentions at all. They claim to be the “Elite Sugar Daddy Dating Site for those Seeking Mutually Beneficial Arrangements.”