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tolu ogunlesi @toluogunlesi
, 4 tweets, 1 min read Read on Twitter
“The biggest challenge we faced is definitely the monopoly that was prevalent in the sector until it was outlawed by President Buhari in April 2017.”…
“When you have a monopoly in the sector, particularly when that monopoly is collecting billions of dollars in unaudited revenues from the government, it makes it impossible for other transparent private sector companies to compete.”
“Even worse, the modus operandi of these monopolies was to actively exclude other companies from the market. So, not only did they have this huge advantage, they were also excluding other companies.”
“This government has brought its ease of doing business policies & other policies that allow other private companies like LADOL to flourish.We would not have been able to bring the FPSO into LADOL directly if this monopoly was still dominating the market.”—…
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