The Nigerian government has allowed Dangote Cement to resume exports across its land borders, raising hopes that Africa’s most populous nation may be opening up trade with neighbors after a year-long blockade.

President Muhammadu Buhari‘s administration gave its authorization for Africa’s biggest producer to export cement to Niger and Togo in the third quarter for the first time in ten months, Michel Puchercos, chief executive officer, said on an investor call in Lagos. The export was made possible “through authorization given by this administration,” he said.

The exemption to Dangote Cement is seen as a softening of the government’s position on a border closure that started in August last year, and could open the way for other bushinesses to fully resume exports across the country’s land barriers.

Nigerian authorities closed borders with neighboring countries including Benin and Niger to curb smuggling and boost local production. 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.

Dangote resumed land export with “restricted volumes,” and plans to grow the trade using the sea channels, according to Puchercos.

The Lagos-based company’s plan to buy back some of its shares has been delayed by market volatility and low liquidity, which have affected valuation, Guillaume Moyen, acting chief financial officer said at the same conference call.
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-11-09/nigeria-exempts-dangote-cement-from-land-border-closure
Lalasticlala
Mynd44

Dangote exempt again?

[img]https://media./images/08f40c6485c1acc026830b2c49a68b02/tenor.gif[/img]

this one weak me finish!

[img]https://media./images/cd904adb274a24cc758cee8b87abd615/tenor.gif[/img]

Na soooo

Lol ...dangote has not done well in any business he has a strong competition ....

You see
Without government monopoly
Dangote for just be a local government chairman

Lol ofcourse crony politics rules the day.

This is very bad

Okooo

Nigeriabiafra82:
You see
Without government monopoly
Dangote for just be a local government chairman

Northern borders are open
While southern borders are open to Dangote only

Maybe he don even dey export Onions this one wey onions just rise up all of a sudden

This government is in a race for stupidity.

Between Dangote's cement and Rice, which of the two is of importance to the common man?

Shouldn't the Government relax the restriction on rice while we work towards sufficiency

Government made Dangote

All animals are equal, but Dangote is more equal than the rest