Opening the Border: “Why Deny Others and Allow Only Dangote” – Atedo Peterside
Opening the border: “Why refuse others and only allow Dangote?” – Atedo Peterside for FG
“Nigeria’s economy is rigged to be manageable by well-connected people,” Atedo Peterside frowns at opening the border only to Dangote.
According to IgbereTV, Nigerian entrepreneur and investment banker Atedo Peterside has rejected the federal government’s decision to allow only Dangote cement to export and import goods across the border.
Recall that 10 months ago, the federal government closed its borders with neighboring countries, including Benin and Niger, in order to curb smuggling and increase local production. Bloomberg reports that the Bukhari administration has authorized the largest African producer to export cement to Niger and Togo in the third quarter for the first time in ten months.
Responding to this development through his Twitter account, Peterside said the move is the reason some Nigerians argue that the Nigerian economy is rigged in favor of a handful of well-connected people.
“Allowing legitimate exporters and importers to move their goods across the border should be child’s play. Why give up everyone else and only allow one company (Dangote)? This is why some of us argue that Nigeria’s economy is rigged in favor of a handful of well-connected people. “