Business Nigeria spends N9bn yearly to import champagne, says Audu Ogbe - The Sun

Vunderkind

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Former Peoples Democratic Party (PDP) chairman and big-time farmer, Chief Audu Ogbe, has advocated a high import duty on champagne import, saying that Nigeria spends over N9 billion to import the product.

Speaking at a breakfast meeting organised by Quintessential Diamond Limited, a company that deals in agro-products in Abuja, Ogbe pushed for special banks funded by the treasury and targeting industrial, and agricultural growth at one digit interest rate.

He said if this was not done, the economy might head for trouble, recalling that when a few years ago he warned the Kano State Government against militant activity, he was accused of raising false alarm.

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Source: The Sun
 

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