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Reading: President Buhari Reopens Land Border For Dangote, Keeps It Shut For Other Businesses
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Business

President Buhari Reopens Land Border For Dangote, Keeps It Shut For Other Businesses

Tobias Sylvester
By Tobias Sylvester
Published: November 10, 2020
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President Muhammadu Buhari has reportedly reopened Nigeria’s land borders for Dangote Cement to export its products across other West African countries.

President Buhari Reopens Land Border For Dangote, Keeps It Shut For Other Businesses 1

According to Bloomberg, Dangote Group’s chief executive officer, Michel Puchercos, confirmed on Monday that the company will now be able to export cement to Togo and Niger following “an authorisation given by this administration.”

It was unclear why President Buhari singled Dangote Group for a special waiver that would allow the conglomerate transport its products across the Nigerian land borders, which have been shut since August last year.

Buhari’s government argued that the closure, which left thousands stranded because it was not announced prior to implementation, was designed to curb smuggling, boost local production and consumption of home-grown products.

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Although the blockade encouraged the consumption of locally grown produce such as rice, it hurt factories across West Africa, which rely on Nigeria’s market of 200 million people.

The government carried out the policy despite criticism from other West African countries whose leaders said Nigeria’s action undermined the spirit of the newly-signed continental free trade agreement.

In its report on Monday, Bloomberg said Dangote’s waiver could open the way for other bushinesses to fully resume exports across Nigeria’s land barriers, although this was not immediately confirmed by any government official.

KanyiDaily recalls that Vice President, Yemi Osinbajo had also assured Nigerians that the Federal Government is working towards reopening all the various land borders in the country.

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Read Also:👇🏾

  1. CBN Issues Guidelines Nigerians Must Meet To Access N75 Billion Youth Investment Fund
  2. “President Buhari Will Reopen Land Borders Very Soon” – Finance Minister, Zainab Ahmed
  3. Africa’s Richest Man, Dangote Losses $900m In 24 Hours, Drops Down In Billionaire List
  4. Nigerian Government To Install CCTV Cameras On All Major Highways To Curb Kidnappings

TAGGED:Aliko DangoteBorder ClosurebusinessdangoteDangote CementDangote Companyfederal governmentmuhammadu buhariNewsNigeriaNigerian Government
ByTobias Sylvester
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Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos.Contact Tobias at [email protected] a confidential tip? Submit it here
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