This man should be caution because this will cause another price problem and scarcity in the country. I just hope that before then, we can produce more than we can consume.

IamaNigerianGuy:


I disagree with parts of your conclusion.

It is actually efficient, farsighted and knowledgeable government regulation that grows economies . Examples of successful and highly regulated economies are USA, GB, Australia, the EU, China. All economies in the world with weak regulation are poor.

Rockefeller and the early 'robber barons' of 19th century America grew large businesses alright but also did a lot through their monopolies to destroy competitors and set back innovation in America by decades.
This was why at the earliest opportunity, the monopolies they created were dismantled by government.

Dangote is the Rockefeller of Nigeria. He runs monopolies and uses the power of government to further his business.

If you study his antecedents in the 80's and 90's, his scrapes with the NSE, how he runs his business now paying peanuts and employing Indians over Nigerians, etc you will come to realize he is not as spotless as he looks.

I haven't said Dangote is spotless - far from it, Infact, who amongst us can claim to be? You also inadvertently confirmed my point about Govt. being regulators meaning we said the same thing in a different way.

In all, you made a good point. I just hope you're not prejudiced against Dangote. Business isn't for the faint hearted you know

How won't he be when d president is strongly making him the only importer of rice to Nigeria. We dey look na. Sidon look Dem say na cat name.