1. Yesterday, Ganduje settled the Sugar production feud between the two most prominent Crony-Capitalists in Nigeria: Aliko Dangote & BUA.
Today, Emefiele’s CBN announced ban on FX for Sugar & Wheat importation. Those of us who follow trends in Nigeria, knew this ban was coming.
Today, Emefiele’s CBN announced ban on FX for Sugar & Wheat importation. Those of us who follow trends in Nigeria, knew this ban was coming.
2. When I tweet about the non-existent competition, the imbalances, economic sabotage & “deficit of trust” in the Nigeria market, perpetuated on Nigerians by the Federal Government of Nigeria itself, through it’s Fiscal, as well its Monetary Interventionist agency; the CBN,
3. bigots from a section of Nigeria think that I am hating on Aliko Dangote. NO!! I AM NOT.
I am simply laying the facts behind the figures in front of you. What you do with it, is entirely up to you. The truth is; “Nigeria is rigged against startups, who are mostly the youths.”
I am simply laying the facts behind the figures in front of you. What you do with it, is entirely up to you. The truth is; “Nigeria is rigged against startups, who are mostly the youths.”
4. Barriers to entry in the Nigeria productive ecospace is so huge. There is little or no market competition. Competition is simply dead.
The Nigeria Economy is not driven by Market Fundamentals, but by shrewd & unforgiving hands of the government & its interventionist agencies.
The Nigeria Economy is not driven by Market Fundamentals, but by shrewd & unforgiving hands of the government & its interventionist agencies.
5. This is the very reason there is hardly a “True Billionaire” in Dollars, in Nigeria.
To simplify; Dangote, BUA & a whole lot of others are just “Crony-Capitalists” far removed from the realities, the turbulences, the unforeseen & the vagaries of the market, in Nigeria.
To simplify; Dangote, BUA & a whole lot of others are just “Crony-Capitalists” far removed from the realities, the turbulences, the unforeseen & the vagaries of the market, in Nigeria.
6. These men are simply cocooned from whatever affects Toju or Mazi in the markets & trade fairs.
Immediately Ganduje settled their feud on sugar production, I knew Emefiele is going to move mad in favor of Dangote & BUA. So the FX restriction on Sugar & Wheat was no surprise.
Immediately Ganduje settled their feud on sugar production, I knew Emefiele is going to move mad in favor of Dangote & BUA. So the FX restriction on Sugar & Wheat was no surprise.
7. I saw through the shenanigan.
The surprise however, is Emefiele saying; “WE must work together to produce these items in Nigeria rather than import them.” So WHO is WE???
Nigeria; “an economy of a privileged few, for the rich, against the poor & upcoming. Worrisome..........
The surprise however, is Emefiele saying; “WE must work together to produce these items in Nigeria rather than import them.” So WHO is WE???
Nigeria; “an economy of a privileged few, for the rich, against the poor & upcoming. Worrisome..........
For context: CBN became more of a BAN AGENCY, than a monetary agency; its core mandate. 
Well, I am sure the Voltrons of this regime are cocooned from the rising food inflation at Conservative 22.95%
After all, their Agege bread & ponmo is sure. Who cares if the price of Sugar & Wheat skyrockets in market? Let’s keep twerking in vibes & Inshallah. We will be alright
After all, their Agege bread & ponmo is sure. Who cares if the price of Sugar & Wheat skyrockets in market? Let’s keep twerking in vibes & Inshallah. We will be alright
Atedo Peterside, the founder Stanbic IBTC Bank, echoed most of my thought processes here.
CBN FX Ban on Sugar & Wheat will among many things, skyrocket the price of bread, cakes, sugar, wheat, chin chin, puff-puff. And these are food mostly on the table of the poor/average Nigerians. Hindsight; this is not another CURSE of 1984? History is not about to repeat itself??
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