Nigerian entrepreneur and funding banker, Atedo Peterside, has kicked in opposition to the Federal authorities’s choice to grant solely Dangote cement entry to export and import gadgets throughout the borders.
Recall that 10 months in the past, the Federal authorities closed borders with neighboring nations together with Benin and Niger to curb smuggling and increase native manufacturing. Bloomberg studies that the Buhari administration has given its authorization for Africa’s greatest producer to export cement to Niger and Togo within the third quarter for the primary time in ten months.
Reacting to the event through his Twitter deal with, Peterside mentioned such a transfer is why some Nigerians argue that the Nigerian financial system is rigged in favor of a handful of well-connected individuals.
”Permitting legit exporters & importers to maneuver their items throughout the border must be a no brainer. Why refuse everyone else & enable just one firm (Dangote)? For this reason a few of us argue that the Nigerian financial system is rigged in favour of a handful of well-connected individuals”