The June 23rd ban on importation of cement and 39 other
items contained in a letter by the Governor of the Central Bank of Nigeria has
been received with mixed feelings.
The extensive list does contain some necessary bans which
will help Nigeria's small scale industries, the number one employer of labor in
the staggering nation, however, not unexpectedly, hidden within the list of
banned items are additional skews to secure the stupendous wealth of Nigeria's
known cabal and ensure the continued crippling of the Nigerian masses.
It is the nature of the world today where the masses are
naked and exposed to the greedy and insatiable desires of the cabal elements
with no form of protection other than the wailing voices of overburdened right
We Are Actually The Largest Employers Of Labor In
Nigeria, Not Dangote And Other Cabal
]There is a lie oft told, and as they say, if a lie is
told so many times it becomes truthy (that new lingo dedicated
to George Bush in his pursuit of the war against Iraq). That lies is that
Dangote and Atiku are the biggest employers of labour in Nigeria. It is a
colossal lie. Whereas these two cabal employ under 100,000 Nigerians combined,
we are actually the largest employers of labor... yes, we the ordinary people,
the several million SMEs. SME stands for Small and Medium Enterprises; not the
large industry. The cottage manufacturers and cottage service providers. It is
us who employ over 30 million Nigerians, the real numbers that count, not the
ever protected cabal who employ only a handful of us yet are always benefactors
and influencers of government policies while we are never invited to the
meetings and get no perks.
Also read: Mines official bags 29 years for diverting cement
So while industries like toothpicks, glass wear, textiles,
meat products and others in the ban list, that are the occupation of SMEs is a
useful drive that will actually protect the Naira and drive employment,
the ban of the importation of cement added to the list, an absolute oligopoly
that Nigeria has criminally bestowed on Dangote is a stab in the hope and
future of Nigeria and another gift of the earnings of the masses to our
billionaire, insatiable cabal.
It is a conspiracy to defraud the masses for the
government to protect and enforce the purchase of a singular private,
unregulated oligopoly. The Central Bank is in this June 23rd decree engaging in
conspiracy to defraud Nigeria's poorest and maintain unbearable hardship on
Nigerian property owners, property hopefuls, renters and property investors.
Indeed every Nigerian is being robbed and punished by this CBN move.
It must be noted that manufacturing is never by force as
there are various types and other options for economies; indeed manufacturing
is no longer synonymous with development as advanced economies are now
'service' based and not industry-based. And industry which leads to
environmental pollution and degradation is only of value if it provides items
at prices within global competitive costs.
Nigeria Gave Dangote Cement Billions To Sell Us Cement
At Triple The Global Average
Through the years, Dangote cement has been given numberless
government perks and gifts. The spoiled company has been given gas power, given
duty free import waivers to enable it import needed and un-needed machinery and
equipment, literally running its own private and unregulated sea port. Dangote
as with other cabal, the smallest employers of Nigeria as earlier mentioned
have been given bailouts -- gifts of billions of dollars, an advantage we the
largest employers never benefit from. Dangote cement has been literally dashed
Nigeria's cement plants. The company has benefited from policies that
frustrated its competitors and importers of cement. And in return, this private
company has decided to cut up billions in quarterly profits to its PDP, private
bank (Zenith etc) and other government parastatal shareholders via selling
cement at thrice the global average, rather than offer Nigerians cement at a
world lowest price to show appreciation for the billions in concessions we have
When compared for instance, in the UAE, Etisalat is majorly
government owned, so when its oligopoly is enforced this provides wealth to the
State, and wealth that has been used to build world renowned and recognized
infrastructure and provide enviable benefits to its people. But in the Nigerian
case, like the masses are fools, the government invests in private oligopolies
and forces the masses to patronize these exploitative profiteers to no personal
benefit... except hearing the cabal owners' names listed in Forbes as the
world's top billionaires who made money from the sucking dry and murder of the
The Dangote Oligopoly Has Crippled Nigerian Construction
And Foreign Investment
Not only have Nigerians been unable to build and repair
their homes because we are forced to buy Dangote cement at twice and thrice the
global average cost, while watching the company divide massive quarterly
dividends; and not only have we been forced to scrounge our cement,
which has led to our homes collapsing and people dying; but also foreign
companies have rejected building in Nigeria and rather opted for South Africa
because of the cost of cement in our dear nation.
So while Godwin's ban on products that will allow healthy
competition and opportunity for growth of Nigeria's number 1 employers, us
SMEs, the deliberate inclusion of bans to further deflate the masses and
sure-up the exploitation by the cabal oligopolies is another straw on
this camel's back. Perhaps the straw that will break its back.
On a final note, one has to ask: who is at these Zenith
bank's Godwin CBN meetings where he comes up with these policies? Dangote,
Jonathan, Obasanjo and who? Is this how a democracy is run? There is God.
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