The 16th Emir of Kano, Muhammadu Sanusi II, has reacted to the ongoing dispute between the Downstream Petroleum Authority and the Dangote Refinery….READ FULL ARTICLE...READ THE FULL ARTICLE HERE ▶▶
Daily Post reported that Sanusi Lamido Sanusi, a former Governor of the Central Bank of Nigeria commented on the issue through SOP Chat Group.
Emir Muhammadu Sanusi said; “Aliko Dangote did not fix the price at which the CBN sold dollars. Everyone who got dollars from the CBN got dollars at the same rate if they bought on the same day. So we cannot blame him for buying dollars at a rate the CBN itself decided to sell to its customers.”
He added; “So the question for me is this. Let us forget the man Dangote. If the Central Bank were to prioritize a single enterprise for forex allocation, how many enterprises can we think of that are worthier than a refinery like this one?”
The former CBN Governor stated further; “By the way, how much forex did Dangote buy from
the CBN at this subsidized rate? How much forex did NNPC take from the federation account in the same year in the name of running and turning around its dead refineries?”
He noted; “We hear about Dangote getting favourable taxation but no one
has said what this tax is, if he got it alone or if it was offered to a sector or to pioneers, and if such a practice is in fact normal to encourage investment.”
The recent statement by Emir Muhammadu Sanusi which was shared by Daily Post has generated a lot of reactions from many Nigerians…READ FULL ARTICLE
