…country loses N180bn from collapse yearlyNigerian paper mills have collapsed years after privatisation, forcing the economy to depend on imported paper for its needs. Let us forget about what has happened to paper mills and focus on the crisis in the paper sector. Bee Paper is also one of the new companies that have sprung up to replace unfunctional paper mills. The paper industry is a big business, and a number of firms, including newspaper companies, depend on paper for sustenance. Many players say the paper industry collapsed after privatisation in the 2000s as due diligence was not done before selling the paper mills’ assets.

Source: Punch May 11, 2022 09:02 UTC