I smile: “The retail products of the retail products from Nigeria (Petroan) have again raised concerns concerning the growing influence of the Dangote refinery in the Detameria oil sector, warning that the integration strategy before the company could lead to monopolistic control, threaten thousands of works and paralyze small players in the fuel value chain.
“On June 15, Dangote Refinery announced that it would start distribution at the national level of diesel and high -end engine (PMS), commonly known as petrol, from August 15. With a daily refining capacity of 650,000 barrels, it is the largest refinery in sub -Saharan Africa, and many initially welcomed the move.
The groans have started. Before knowing, no one will remember how bad it was before the birth of the Dangote refinery. Yes, a monopolistic received the sector refining Nigeria gods, free! Nothing like it: Nigeria needs an effective supply chain and competition is the only way to ensure that it happens, because governments at all levels are seriously underfunded to deliver business platforms.
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Each economy needs large companies, especially when governments do not arise. Before the Nigeria Central Bank had its Mojo, the first Bank of Nigeria acted as banks, compensating the checks for other banks, with the same authority that you expected from an Apex bank.
What the government should focus on is to create smart regulations and not continue large companies. Think about it: before CBN had zone offices, First Bank directed the areas but had to support other banks. And the first bank did it and everyone was fine.
So, as Dangote develops, we can ask him to open his networks so that qualified trucks can participate, by ensuring that those who want to work remain at work. But we must not be intimidated by associations. Nigeria needs railway investors, postal system investors and general investors in business platforms for the economy to have a chance, because you need these investors so that entrepreneurs register.
Fuel marketing specialists warn against the threat of Dangote Rafinery to jobs, market competition, the analyst rejects fears
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