The Lagos State University (LASU) declared on Wednesday that the school authorities would prohibit the sale of bread on school grounds in order to make way for the school's own bread brand.
This was revealed in a tweet from LASU's official Twitter account. The school disclosed that it had started a patisserie.
As a result, LASU, headed by Vice Chancellor Prof. Ibiyemi Olatunji-Bello, announced that only bread baked by LASU Bakery would be sold on campus, effectively eliminating other brands that saturate the school.
The tweet as post, "Accolades for the VC, Prof. Ibiyemi Olatunji-Bello, mni, as LASU Bakery opens for business. The bakery is part of her administration’s drive to increase IGR.
"The LASU Bread will henceforth be the only bread on the university main campus, Ojo," the school authority wrote on Twitter.
Reaction to this, Babatunde Irukera, Executive Vice Chairman of the Federal Competition & Consumer Protection Commission (FCCPC), said that LASU's decision violates Nigerian competition law.
"I am afraid this presents a potential violation of competiton law.
"Under the FCCPA, it’s an offense to limit competition in this manner, LASU is not exempted because govts are also subject when they engage in commerce.
"I assume this statement doesn’t convey what it says," the FCCPC boss stated in a post published on Twitter.
Meanwhile, Nigerians have reacted on this development (as Lagos State University (LASU) opens bakery to increase its Internally generated Revenue (IGR)).
Some of their tweet;;
