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Buhari opens border for ONLY Dangote; Stanbic Bank boss kicks

President Muhammadu Buhari has granted a special waiver to Dangote Groupto enable it transport its products across the Nigerian borders into other West African countries.

News of the development was broken on Monday by Bloomberg, an American-based media.

Citing an official source, Bloomberg reported that Dangote Group’s Michel Puchercos confirmed the development.

Mr. Puchercos told the foreign medium that the company will now be able to export cement to Togo and Niger following “an authorisation given by this administration.”

It is unclear why President Buhari singled Dangote out for this commercial clearance as the presidency is yet to issue an official statement.

Efforts by ElombahNews to reach the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, and his senior counterpart, Mallam Garba Shehu, for comment failed as they did not respond to phone calls or text messages.

It could be recalled that Nigeria’s land borders have been shut since August last year which has generated tension between the African giant and its neighbours.

The sudden closure has left thousands of businesses and individuals stranded because it was not announced prior to implementation.

Also, Bloomberg stated that the said waiver could open a way for other companies to seek special concessions to export across the border.

Meanwhile, the founder of Stanbic IBTC Bank Plc, Mr. Atedo Peterside, has kicked against the reported waiver.

Mr. Peterside wondered how only Dangote company will be allowed to move goods across the border amid the closure.

Peterside said on Tuesday that legitimate exporters and importers should be allowed to move their goods across the borders.

Taking to his Twitter handle, he said:

“Allowing legitimate exporters and importers to move their goods across the border should be a no-brainer.

“Why refuse everybody else and 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.”

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