Stanbic IBTC Bank’s founder, Atedo Peterside has lambasted President Muhammadu Buhari.

He said; “Why refuse everybody else and allow only one company (Dangote)? This is why some of us argue that the Nigerian economy is rigged in favour of a handful of well-connected persons.”

Peterside was reacting to news that the federal government has granted Dangote Cement a waiver to export cement through the closed land borders.

Michel Puchercos, managing director of Dangote Cement, told an investor call on Monday that the company has resumed cement export to Niger and Togo in a controlled measure following a waiver from the federal government.

In October 2019, President Muhammadu Buhari ordered a closure of the land borders to curb the smuggling of arms, food items, and hard drugs into the country.

The closure, which is meant to boost local production and strengthen security, has taken a significant toll on neighbouring countries such as Togo, Ghana, and Cote D’Ivoire that rely on Nigeria’s market of over 200 million people.