Business
Founder of Stanbic IBTC Bank PLC Atedo Peterside slams FG for reopening border only for Dangote
Atedo Peterside, the founder of Stanbic IBTC Bank PLC has called out FG for reopening border only for Dangote saying the Nigerian economy is rigged in favour of a handful of well-connected persons
Nigerian entrepreneur and investment banker, Atedo Peterside, has kicked against the Federal government’s decision to grant only Dangote cement access to export and import items across the borders.
Recall that 10 months ago, the Federal government closed borders with neighboring countries including Benin and Niger to curb smuggling and boost local production in a bid to boost the country’s economy.
Edujandon reports that the Buhari administration has given its authorization for Africa’s biggest producer, Dangote, to export cement to Niger and Togo in the third quarter for the first time in ten months.
Reacting to the latest controversial development, the investment banker via his Twitter handle said such a move is why some Nigerians argue that the Nigerian economy is rigged in favour of a handful of well-connected persons.
”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”
Follow us on social media:
Auto crash claims three lives in Jigawa
“Why Burna Boy doesn’t want to have kids” – Speed Darlington alleges
Missing 35-year-old man found dead near Ogun stream
“Why Mr President directed me to build houses for judges” — Wike reveals
FG spends ₦19.43 billion on Presidential fleet in 15 months
“There was no food and no wedding cake” – Nigerian lady shares shocking experience after attending a deeper life wedding ceremony (Watch)
US Court Issues Fresh Arrest Warrant For Air Peace Boss, Allen Onyema
Ambrose Alli university lecturer inspires many as he shares money to students for attending his class (Video)
-
Celebrity Gossip & Gist2 days ago“Call us childish; it is fine, I have to defend myself” – Peter Okoye writes as he leaks audio of him directing twin brother, Paul on what to sing during ‘Winning’ studio session
-
Celebrity Gossip & Gist2 days ago“My nanny sexually harassed me at age 12 but I actually enjoyed it” – Charly Boy Lament
-
Crime1 day agoPolice rescue man from angry mob over alleged attempt to dispose child’s corpse at waste bin
-
News1 day agoFemale native doctor arrested for forcing herself on underage boy with mental illness