Dangote waiver: Nigeria rigged in favour of the well-connected – Atedo Peterside

  • Says land borders should be open to all legitimate exporters  

Economist and entrepreneur, chas criticised the Nigerian government’s decision to exempt Dangote Industries Limited from its land border closure, calling the move “rigged in favour of a handful of well-connected persons.”.

Atedo Peterside reaction came after the news of federal government reportedly granted Dangote Cement a waiver to export cement through the closed land borders.

Peterside, who is the president and founder of Anap Foundation and the founder of Stanbic IBTC Bank, wrote in a tweet that stated that the Nigerian economy is rigged in favour of a handful of well-connected people, adding that allowing legitimate exporters & importers to move their goods across the border should be a no-brainer. 

 “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”, Peterside said, in the tweet.

President Muhammadu Buhari‘s administration reportedly gave its authorization for Dangote to export cement to Niger and Togo in the third quarter for the first time in ten months.

The exemption to Dangote Cement is seen as a softening of the government’s position on a border closure that started in August last year, and could open the way for other businesses to fully resume exports across the country’s land barriers.

Many, including Peterside, see the move as yet another case of nepotism, this time in favor of Aliko Dangote, the richest man in Africa. 

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