Nigeria’s drive to achieve 100 percent local sourcing of raw materials through partnership with local producers and backward integration activities and reduce the heavy reliance on the global supply chain, especially by firms in the Fast-Moving Consumer Goods (FMCG) industry, is threatened by the rising insecurity in the country, experts have said. The growing insecurity […]
read more Rising insecurity threatens FMCG firms’ backward integration – Experts
Over 100 million Nigerians faced food insecurity as at the end of 2020, when a report last year showed the number of Nigerians facing food insecurity had increased by 75 percent. The population of undernourished Nigerians had almost tripled to 29 million people, and BusinessDay interactions with experts show that the worsening situation has been read more Why more than half of Nigerians face food insecurity
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