Some Nigerians have frowned at the President Muhammadu Buhari’s decision to allow Dangote Group to resume export of cement products to neighbouring countries, despite an existing border closure in the country.
Recall that in October 2019, President Buhari had closed the country’s land borders to boost local production and strengthen security. However, Bloomberg had exclusively reported that the cement company had secured permission from the Federal Government to resume cement exportation to Niger and Togo for the first time in 2020.
The news agency quoted the Chief Executive Officer of Dangote Cement, Michel Puchercos, as saying the company resumed cement exportation with restricted volumes.
Reacting, a renowned banker and founder of Stanbic IBTC Bank Plc, Atedo Peterside, accused the Federal Government of being biased for permitting Dangote Cement to resume exports across land borders.
Writing in his verified Twitter handle on Tuesday, Mr Peterside alleged that Nigerian economy is rigged in favour of a handful of well-connected persons.
He said: “Allowing legitimate exporters & importers to move their goods across the border should be a no-brainer.
Why refuse everybody else & allow only one company (Dangote)? ”This is why some of us argue that the Nigerian economy is rigged in favour of a handful of well-connected persons,” Mr Peterside added.