Soap manufactures in Nigeria are currently wailing and counting their losses as they could not longer freely do business as before owing the recent astronomic hike in the price of caustic soda.
According to the businessman, the trouble started when the Federal Government granted billionaire businessman and the Chairman Dangote Industries Limited, Aliko Dangote, monopoly to import caustic soda.
Following the importation monopoly, the price of soda rose sharply from N1,800 per kilogram to N15,000 per kilogram, thereby crippling the soap manufacturing industry.
The reason, he explained, was because it was discovered that caustic soda is also used in manufacturing Improvised Explosive Device (IED) by Boko Haram terrorist and their Islamic State of West Africa Province [ISWAP] counterparts.
An intelligence officer recently confirmed same to this medium during a telephone chat, explaining that it is the reason behind the abrupt end to bomb blasts and suicide bombings across Nigeria.
