EXPORT WAIVER: Why Did FG Allow Only Dangote, Peterside Asks

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EXPORT WAIVER, Federal Government, Allow Only Dangote, Atedo Peterside

EXPORT WAIVER: Why Did FG Allow Only Dangote, Peterside Asks

The founder of Stanbic IBTC Bank Plc, Atedo Peterside has asked why the federal government in Nigeria would allow only two companies to export their goods while all others are denied.

The president & Founder, Anap Foundation said in a tweet on Tuesday that “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)?”

According to him, “This is why some of us argue that the Nigerian economy is rigged in favour of a handful of well-connected persons.”

He also said “I have since learnt that Bua Group were also allowed to export goods through Nigeria’s “closed” land borders. FG should please accept that what is good for the goose is also good for the gander. When will the FG consider small honest businesses that are not so well-connected?”

Peterside was obviouslt reacting to reports that the federal government had given the two companies a waiver to export cement to Togo and Niger despite the closure of international borders.

Nigeria’s president, Muhammadu Buhari had ordered the closure of all land borders to prevent the smuggling of arms, food items, and hard drugs into the country.

 

 

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