Politics

Dangote Bought All Cement Company So That Nobody Will Compete With Him – Ex-APC Scribe

A former Deputy National Organising Secretary of the All Progressives Congress (APC), Yekini Nabena, has spoken on the state of the economy under the administration of President Bola Tinubu.

According to Nabena, some cabal are controlling and dictating the growth of the economy in the country.

 

Advertisement

Nabena, regretting the state of things in the country, wondered why the production and sale of cement would be handled by two persons.

He alleged that Aliko Dangote bought all the cement companies in the country so that nobody would compete with him, adding that the richest African has never run any economy successfully.

Advertisement

 

In an interview with Sunday Sun, Nabeba said, “In terms of the economy, we still have the same cabal controlling and dictating the growth of the economy. Otherwise, how can the government allow two persons to be in charge of the production and sale of cement to 300 million people in Nigeria? The monopoly will never give room for competition.

Advertisement

“Dangote bought all the cement companies so that nobody will compete with him yet he has never run any company successfully. It is not done anywhere. Today, he is one of Nigeria’s biggest problems if the government really wants to face the fact.

“The purpose of establishing Dangote refinery is very simple. They were to take our crude oil, refine the product and then sell the refined products to Nigerians. They are part of the entities fighting the government because this government has exposed them.”

Advertisement
citynews

Recent Posts

Wike: ‘Intimidation has expiry date’ – Fubara amid Rivers crisis

Governor Sim Fubara of Rivers State has declared that intimidation has a time frame and…

3 hours ago

Biden faces bipartisan backlash on Capitol Hill over Israel ultimatum

President Joe Biden is facing backlash from lawmakers in both parties over his ultimatum that a major Israeli…

3 hours ago

Tariff Hike: Labour Moves To Shut NERC, Discos Offices Nationwide

Members of the organised labour, on Sunday night announced that they would shut down offices…

3 hours ago

Tobi Amusan Becomes Fastest Woman In The World, Defeats Danielle Williams(Video)

Nigeria's Tobi Amusan stormed to a world-leading time after seeing off Jamaica's Danielle Williams at…

3 hours ago

Make sure you work as you dance- Obasanjo tells Adeleke

Former President Olusegun Obasanjo, has advised the Governor of Osun state, Ademola Adeleke, to ensure…

3 hours ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 13th May 2024

What is the Dollar to Naira Exchange rate at the black market also known as…

4 hours ago