It is disheartening to read that nigerian authorities are labeling Dangotes business ventures as monopolistic! Shocking, in fact- would they rather it was a European owned enterprise that was developing the steel industry in Nigeria? The Western & some Asian countries support their country men/women where economic development is concerned - why is it seemingly so difficult to accept super-wealth in our continent by an individual? Why are we afraid to minimise or curb monopolistic tendencies through regulation, procurement, supply chain measures that will ensure dilution & diversification within that value chain of steel manufacturing through incorporating other business players required in that ecosystem ? What is more important for the economy & country? Is it to continue importing a product that can be locally manufactured or rather prevent a monopoly? This unwarranted concerns about preventing dangote's monopoly, in my view, seems like jealousy disguised as business /economic stricture.
It is disheartening to read that nigerian authorities are labeling Dangotes business ventures as monopolistic! Shocking, in fact- would they rather it was a European owned enterprise that was developing the steel industry in Nigeria? The Western & some Asian countries support their country men/women where economic development is concerned - why is it seemingly so difficult to accept super-wealth in our continent by an individual? Why are we afraid to minimise or curb monopolistic tendencies through regulation, procurement, supply chain measures that will ensure dilution & diversification within that value chain of steel manufacturing through incorporating other business players required in that ecosystem ? What is more important for the economy & country? Is it to continue importing a product that can be locally manufactured or rather prevent a monopoly? This unwarranted concerns about preventing dangote's monopoly, in my view, seems like jealousy disguised as business /economic stricture.
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