Business mogul, Aliko Dangote
The United States of America has levelled a serious allegation against Nigerian Business mogul, Aliko Dangote, describing his business strategies as disastrous to the Nigerian economy.
According to the American government, the Dangote Group of Companies personifies the duality in Nigeria’s economy, hence, causing a dilemma for the country’s economic policy.
The U.S. government accused Dangote Group of blocking investment that the company may see as significant competitors.
The American government further warned that the Dangote model is harmful to Nigerian and American interests in the long run. Earlier, Dangote Group had faced criticisms in the past years over what many described as favouritism from the Nigerian government.
Africa’s richest man, Aliko Dangote, owned the Dangote Group, which is the largest conglomerate in West Africa with over 30,000 employees.
You will recall that the company had faced backlashes after calling for a total ban on tomato importation in 2019 when it started its tomato processing subsidiary.
Also, the company proposed a provision in the Petroleum Industry Bill seeking to ban the importation of oil by companies.