Globally, backward integration has proven to be a well-known competitive strategy for businesses. Its popularity in Africa’s biggest economy was fuelled by low oil revenue which has adversely affected foreign exchange (FX) inflows into the country, causing severe FX scarcity and disrupting product
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Josephine Okojie-Okeiyi is a journalist with over five years’ reporting experience. She writes on industry, agriculture, commodities, climate change, and environmental issues. She is fellow of Thomson Reuters Foundation and Bloomberg Media Initiative for Africa.

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