There are corporate failures that deserve to be treated as ordinary business casualties. Companies rise, companies fall, markets change and inefficient businesses eventually disappear. But the demise of NICON Insurance Limited is different.
Nigeria’s food crisis presents one of the country’s most painful contradictions. The nation possesses vast arable land, millions of farmers, a favourable climate and an agricultural sector capable of producing enormous quantities of food. Yet millions of Nigerians go to bed hungry, food prices continue to climb.